Irish Offshore company is there a tax haven?

[AMD]

I wonder if there is a tax haven in Ireland or is this something old which does not work any longer?

Does they signed agreements to exchange information with the rest of Europe and USA?

Anything positive to say about Irish company formation in tax and privacy matters?

 

[CaLViN]

Are we talkin about LLP here ?

 

[GiGoGo]

The director is public, not the shareholders. Dont pay taxes for the first three years if its a tech company, and pay only 6.25% after that.

 

[fshore]

The director is public, not the shareholders. Dont pay taxes for the first three years if its a tech company, and pay only 6.25% after that.

Do you have links with about that?
Maybe you refer to the reduced tax if you have some Irish employees?

 

[TurnedToRobot]

The director is public, not the shareholders. Dont pay taxes for the first three years if its a tech company, and pay only 6.25% after that.

This can be setup remote or personal visit is required! How do we have to proof that it is a TECH FIRM?

 

[GiGoGo]

The setup can be done remotellly, but the director needs to be a EU resident or pay 20k USD as deposit. No need to proof is a tech company but they can fine you if they notice you are not

 

[busdriver]

What is a TECH company in that regards? What is TECH? Any link to check the rules?
Can a TECH company have a side business ?

 

[GiGoGo]

3 year Tax exemption for Startup companies in Ireland

The tax relief available to new companies/startups in Ireland is called Section 486C and is implemented as a reduction on your corporate tax for the first three years of trading.

www.nathantrust.com

Seems can be any startup that meets the criteria

 

[fshore]

It comes with some restrictions, you'd have to have 8 local employees.

Quote: The amount of employer's Pay Related Social Insurance (PRSI) a startup company pays must be a maximum of €5,000 per employee and €40,000 overall in order to fully avail of this tax relief.

 

[abdulkaddir]

I think the company setup can be done remotely, but the director needs to be an EU resident or pay 20k USD as a deposit.

 

[GiGoGo]

It comes with some restrictions, you'd have to have 8 local employees.

Quote: The amount of employer's Pay Related Social Insurance (PRSI) a startup company pays must be a maximum of €5,000 per employee and €40,000 overall in order to fully avail of this tax relief.

I know some doing that without employees

 

[bountymounty]

So 8 employees are required to maintain a company in Ireland? are you 100% sure about that?

Can you be more clear about what other requirements there may be?

 

[fshore]

So 8 employees are required to maintain a company in Ireland? are you 100% sure about that?

Can you be more clear about what other requirements there may be?

No, that was to get the reduced tax rate for tech business. Normal rate is 12.5%