![]() R&D office in the center of Dublin's Digital Docklands, creating 50 new R&D jobs, bringing to 120 the total number of its R&D employees in Ireland; jobs milestone as it celebrates its fifth anniversary here; Accelerator Hub in June 2015, an office space located in Citi's Dublin offices for Fintech startups; investment is set to double manufacturing in Carrigtwohill in County Cork; end of 2015; and establish a Technology & Operations Centre in Waterford City, creating 40 new jobs over the next three years. English speaking Euro currency zone member, giving it access to a market of over 500 million consumers and reducing exchange rate risk on trade within the Eurozone. and the U.S. enterprise environment in Ireland for over three decades. The Irish tax regime is open and transparent and complies fully with OECD guidelines and EU competition law. Ireland's 12.5 percent corporate tax rate on trading income is the lowest onshore statutory corporate tax rate in Western Europe. In addition, Ireland has signed comprehensive 72 countries, of which 68 are in effect. Dividends received by an Irish holding company from companies resident in these "treaty countries" are taxable at the 12.5 percent rate. The new Knowledge Development Box, which took effect on January1, 2016, is one of a suite of measures designed to incentivize companies to develop new technology in Ireland. It provides for a 6.25 percent corporate tax rate for income generated from commercializing certain intellectual property. companies locating here, and for their shareholders. Many leading global companies, and private equity/wealth funds, have chosen to relocate their headquarters to Ireland. Holding company drivers include: (i) exemptions for Irish tax resident holding companies from Irish tax on capital gains realized on disposals of qualifying subsidiaries; and on dividends received from other Irish resident companies; (ii) favorrable treatment of foreign dividend income; (iii) generous exemptions from Irish withholding tax on dividends and interest payments made to non-Irish residents; (iv) no thin capitalization rules which allow an Irish holding company to be debt financed; (v) no "controlled foreign company", or "sub part F" rules means that the profits of a foreign subsidiary of an Irish holding company are not taxed in Ireland unless they are repatriated to Ireland; and (vi) generous reliefs for costs of acquiring IP and other intangibles. English speaking workforce. Ireland was ranked first in the world for availability of skilled labor and for flexibility and adaptability of workforce by the International Institute for Management Development (IMD) World According to Eurostat 2014, Irish labor costs have remained relatively stable since 2008. five business days. Business tax registration can be arranged by submitting one form to the revenue commissioner, and there are a number of different financing options available. that supports business. Ireland is a common law jurisdiction. Its legal concepts will be recognized and understood by most foreign investors, including U.S. multinationals. Ireland's courts system is efficient and pro-business. The Irish Commercial Court, a specific division of the High Court deals quickly with commercial disputes over property. international companies choosing Ireland as their European base. To date it has partnered with 1,150 entities in establishing and expanding their Irish presence. Some of these incentives include: exemptions for certain start-up companies from tax in each of their first three years; R&D tax credits; 100% allowance on capital expenditure incurred on scientific research; and the Special Assignee Relief Programme (SARP) which offers a reduction in income tax to qualifying employees who relocate to Ireland. Ireland. IDA client employment reached its peak at 187,056. And the IDA has set lofty targets for the next five years including the creation of 80,000 new jobs, 900 investments, and a better time to invest in Ireland. |