At Nathan Trust, we offer comprehensive tax and accounting services tailored to meet the needs of businesses and individuals. We have a team of dedicated and highly experienced professionals ready to provide personalised solutions that ensure compliance, optimise tax positions, and streamline financial processes.
We specialise in helping businesses and individuals in Ireland with various services, including tax planning and advisory, compliance and reporting, corporate structuring, and financial statement preparation. Our proactive approach ensures our clients stay ahead of regulatory changes and maximise their financial performance.
1. How hard is it to VAT register my limited company in Ireland
2. WHAT TAX RATE WILL APPLY TO MY IRISH LIMITED COMPANY?
3. Can a UK company register for VAT in Ireland?
4. What accounting/bookkeeping software do you recommend?
5. Can I open an Irish limited company bank account in Ireland as a non-resident?
1. How hard is it to VAT register my limited company in Ireland
Getting VAT registered for your limited company if you are non-resident directors and shareholders in Ireland is difficult. You will need to show the following:
A mix of customers and suppliers based in Ireland
1-page business plan
Irish phone number (you can get this via Skype)
.ie web domain
Possibly a short term rental contract in a shared office space like this
https://www.republicofwork.com
You might also need an Irish employee on an official payroll
We can help with all of this. Get in contact.
2. WHAT TAX RATE WILL APPLY TO MY IRISH LIMITED COMPANY?
The corporate tax rate for a limited company in Ireland is currently 12.5%, among the lowest in Europe. The low corporation tax rate has been one of the primary reasons why companies globally are interested in Ireland. As Directors and business owners, it is very important to know the tax rates before proceeding with any decision related to your Irish company. It is a good opportunity for businesses to save a lot of money on their tax bills as well as ensure they get the most out of their year-end revenue.
You might be able to avail of the 3-year Tax exemption for Startup limited companies in Ireland.
A recent study by PWC - "Paying Taxes 2020" - ranked Ireland in first place for the ease of paying taxes. Ireland has double tax treaties (DTA) with 73 countries.
3. Can a UK company register for VAT in Ireland?
Yes, a UK company can register for VAT in Ireland. You will need to demonstrate that your UK company has business activity in Ireland.
4. What accounting/bookkeeping software do you recommend?
We are a Xero firm. Xero is a cloud-based accounting software platform for small and medium-sized businesses with over 3 million customers. Our customers love it and it helps them focus on growing their business rather than managing their accounts.
5. Can I open an Irish limited company bank account in Ireland as a non-resident?
Yes, Irish banks will open business accounts in your business name for non-resident individuals. However, they often request to meet the company director in person. Irish banks will also want to see company documentation including the Certificate of Incorporation of your Limited Company from CRO.
We work with the 2 major banks in Ireland - AIB and BOI.
We have successfully opened 100s of Bank Accounts in Ireland for our clients globally.
At Nathan Trust our team of accountants and tax advisors provides a range of accounting and corporate tax compliance services to support the needs of our corporate clients.
Our extensive experience supports our clients at each stage of their business cycle. Our clients include owner managed business, international group structured companies as well as private individuals in varied industries including property construction, management and letting, financial services, food industry, information technology and pharmaceutical.
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Nathan Trust is the trading name for Millex Limited (CRO Number: 314738), is officially registered in Cork, Ireland, and operates under the regulatory oversight of Chartered Accountants Ireland (56679), Chartered Governance Institute (No: 1045242) and the Irish Tax Institute.