A limited liability company (LLC) in Ireland
is liable to taxation
, just as any other business form
registered in this country. However, the taxation scheme
can vary as, for example, the Irish sole trader
may not qualify for certain taxes applicable to the LLC
. Those who want to open an Irish company
under a LLC
will be imposed with the corporate tax rate
, which is currently applicable at the rate of 12,5%
. Our team of consultants in Ireland company formation
cases can offer in-depth advice on the taxes
available for this structure and on the manner to register for tax purposes
with relevant authorities.
Tax advantages for an Irish LLC
can benefit from numerous tax advantages
. The regulations for company registration in Ireland
provide tax advantages
for newly formed companies
. Thus, startup companies
registered as LLC
can benefit from a tax exemption
on the corporate tax
for a period of three years, provided that certain conditions are met. Our team of specialists
can offer in-depth assistance on this regulation.
This tax relief
is granted only to specific business forms
, including the LLC
. A partnership
or a sole trader
can’t qualify under this regulation.
This regulation can apply depending on the social charge (a tax system applicable to social security) available for a specific employer. The corporate tax relief is available for specific industries, as presented below.
Corporate tax relief in Ireland
The relief on the corporate tax in Ireland is available for Irish LLCs registered in the following business sectors:
• investments in renewable energy;
• research and development sector.
Interests and royalties are also not subjected to corporate tax.
According to the accounting principles in Ireland, companies have to submit specific financial documents with the local authorities, providing up-to-date information. In this sense, it is necessary to draft financial statements.
must also pay employees' taxes
on their income, a requirement available for the company’s director(s)
as well. The latter party has to submit tax returns
on a yearly basis
can apply to Irish LLCs
and businessmen may contact
our team of agents in Ireland company formation
for further assistance.