Record Keeping & Financial Reporting for New Zealand Trusts

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Ireland - Key Facts

Formation:
Approx. 5-10 working days

Shelf Companies:
Not available

Authorised Share Capital:
Unlimited and no restriction on currency

Issued Share Capital:
Minimum paid up share capital = €1

Directors:

  • Minimum number of directors = 2
  • At least one director must be resident in a member state of the EEA, save in circumstances where a bond has been entered into by the company or the company has successfully established that it has a real continuous link with the State
  • Corporate directors not permitted

Secretary:

  • Obligatory
  • No restriction on residence or nationality
  • Corporate secretary permitted

Shareholders:

  • Minimum number of shareholders = 1
  • Corporate shareholders permitted

Public Filing:

  • Audited financial statements must be filed within nine months of financial year-end (exemptions available from audit requirement)
  • Annual return must be filed every year

Corporation Tax Rates:

  • 12.5% for trading income with “substance” in Ireland
  • 25% for all other cases.

Corporation Tax Returns:
Must be filed within 8 months and 21 days of financial year-end.

Capital Gains Tax:
Effective rate of 25% applies on capital gains 

Withholding Tax:
Dividends: 20%*
Interest: 20%*
Royalties: 0% or 20%*

Withholding Tax EU/DTA:
Dividends: 0%
Interest: 0%
Royalties: 0%

Withholding Tax Other:
Dividends: 20%
Interest: 20%
Royalties: 0%

Double Tax Treaties:
54 in effect (62 signed)


Ireland - Resources

Ireland - Related Blog Posts

Ireland Whitepapers

 

Irish Holding Companies Whitepaper

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