DBI Ireland_July 2013 - RSM Farrell Grant Sparks

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In a world of different cultures, it’s good to have advisors who are consistent everywhere. RSM International is one of the largest networks of independent audit and consulting firms in the world. RSM International is represented in 90 countries and brings together the talents of 32,500 individuals. RSM member firms are driven by a common vision of providing high quality professional services to ambitious and growing organisations.
foreword Ireland has a lot to offer the inward investor with everything from a favourable tax environment, including one of the lowest rates of corporation tax in Europe, to a highly skilled and motivated workforce and well developed infrastructure. The country has been successful in attracting and retaining foreign investment with over 1,000 overseas companies already choosing Ireland as their European base from which to do business. These companies are involved in a wide range of sectors including engineering, pharmaceuticals, information communications technology, computer software, cleantech, renewable energy, financial services, medical device manufacturing, food and agri-business. An overseas company doing business in a foreign environment requires local knowledge and expertise to guide it through the tax and financial reporting requirements and compliance regime in order to operate successfully. As the independent member firm of RSM International in the Republic of Ireland, RSM Farrell Grant Sparks has produced this guide to assist businesses who are considering investing in the Republic of Ireland. This publication provides a summary of the business and regulatory environment in the Republic of Ireland as of 1 May 2012. We would advise that you seek professional advice before taking or deferring any action. RSM Farrell Grant Sparks has the necessary accountancy, tax and consultancy skills to assist overseas companies in establishing operations in Ireland and for ongoing trading activity. We hope that you find this guide useful. If we can be of assistance to you, please contact a member of our international team. Jim Mulqueen Managing Partner RSM Farrell Grant Sparks DOING BUSINESS IN the republic of ireland | 3
Page 1: Doing Business in the Republic of I
Page 5 and 6: Contents 1 General 6 2 Government I
Page 7 and 8: Demographically the population in c
Page 9 and 10: DOING BUSINESS IN the republic of i
Page 11 and 12: 3 Types of Business Organisation Wh
Page 13 and 14: Regulation Ireland offers a regulat
Page 15 and 16: A limited partnership is comprised
Page 17 and 18: Legal, Accounting and Audit Require
Page 19 and 20: Annual Return All companies must fi
Page 21 and 22: Examinership This “court protecti
Page 23 and 24: 4 Corporation Tax & Tax Incentives
Page 25 and 26: Group Relief Tax adjusted trading l
Page 27 and 28: A company can also claim the credit
Page 29 and 30: Interest Withholding tax at the rat
Page 31 and 32: Customs House, Dublin DOING BUSINES
Page 33 and 34: Meaning of Irish Tax Residence An i
Page 35 and 36: Charles Bridge with Prague Castle i
Page 37 and 38: 6 Accounting All businesses in the
Page 39 and 40: Future of Irish GAAP and Proposed C
Page 41 and 42: 7 About RSM International RSM Inter
Page 43 and 44: Notes DOING BUSINESS IN the republi
Page 45 and 46: Leinster House, Dublin, seat of the

DBI Ireland_July 2013 - RSM Farrell Grant Sparks

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