Did You Know: Tax Residency of Irish Incorporated Companies

A company is broadly regarded as resident in Ireland for tax purposes either by being incorporated in Ireland, or by virtue of it being centrally managed and controlled in Ireland (irrespective of where it is incorporated).

It is permissible under Irish tax legislation for an Irish incorporated company to migrate its residence to a foreign jurisdiction. In order to become foreign tax resident, the Irish company would have to transfer the location of the company’s effective management from Ireland to the foreign jurisdiction. To that end all the board meetings, strategic decisions and negotiation of contracts should take place outside of Ireland. Foreign tax resident directors may also need to be appointed to the board.

Cyber Security Tips for SME’s

As digital transformation takes hold, organizations must learn what their IT security vulnerabilities are — and how best to address them.Emerging technologies, particularly the Internet of Things (IoT), are taking global connectivity to a new level, opening fresh and compelling opportunities for both adopters and, unfortunately, attackers.

Guaranteed Irish Relaunch/Return of the GI

We were delighted to attend the relaunch of the Guaranteed Irish brand with An Taoiseach Enda Kenny and Board members and supporters of Guaranteed Irish. GI members support 30,000 jobs in Ireland, contribute to their community and have a positive long term interest in Ireland. As members of GI we connect businesses all over Ireland and Irish communities across the world.

If you wish to join Guaranteed Irish contact Anthony Casey  and we will be delighted make the introduction.

 

Ireland – a magnet for UK firms looking beyond Brexit

Motivated by worries about tariffs and a potential risk to their overseas sales in the post-Brexit era, many UK firms see Ireland as a better option than mainland Europe. Paul Brown, a tax partner at Manchester accountancy firm HURST, said Ireland’s low tax rates – corporation tax is 12.5 per cent – along with state support for overseas companies, a similar business culture to the UK and a common language are key factors behind the surge in interest. In addition, Ireland has a similar business law system and an economy which is not overburdened by regulation, he said.

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