Investing and locating business in Ireland
Ireland is home to many of the world's largest multinational companies, including those in the information technology, pharmaceutical, biotechnology, and financial services industries. These companies establish operations in Ireland to serve local, European and international markets, leveraging Ireland’s advantages as a gateway to these markets. These advantages include:
A low corporate tax rate - corporation tax on trading profits is 12.5%;
Membership of the EU and the only English-speaking jurisdiction in the euro-zone;
A common law jurisdiction, similar in nature to that of the US and the UK;
Availability of fiscal incentives for research and development activity;
Strong international broadband and transport connectivity; and
Supportive legal and economic environment for internationally trading businesses.
Our track record
MKO Partners has established itself as the provider of choice to internationalising high growth companies as well as trading businesses based in Ireland. Our Firm works closely with the largest law firms in Ireland and government bodies such as Enterprise Ireland and IDA Ireland to assist with their execution of strategy. MKO Partners make it easier for International Businesses and their advisors to execute efficient operations in Ireland.
MKO Partners’ demonstration of thought leadership in International Trade is embodied by the successful co-hosting Ireland: Gateway to Europe 2013; a week long trade tour of the US from 15 to 19 April 2013, which included hosting events in New York, Boston, San Francisco and Silicon Valley, and was co-promoted by Silicon Valley Bank.
Ireland: Gateway to Europe enabled US companies seeking to expand overseas, investors, entrepreneurs and service providers to discover why companies such as Google, Facebook and Zynga have chosen Ireland as the location for their European headquarters. The events provided an excellent opportunity to learn first-hand about the benefits and practicalities of doing business in and from Ireland.
MKO Partners is a member of Premier International, an international affiliation of leading independent accounting, tax and business consulting firms. This unique network unites firms of accountants and tax advisors from 32 countries worldwide, pooling their skills to support businesses to thrive within overseas markets.
We provide our services through our International Desks which include our:
European Desk; and
North American Desk.
These desks are managed by team members with a global perspective and with language capabilities, including French, Spanish, German and mandarin Chinese.
Points for Consideration
In the experience of the MKO Partners’ International Business team, the following are key considerations when setting up your business in Ireland:
1. Business/trading structure
Ensuring legal structure meets business objectives.
2. Tax - residency
Ensuring substance in Ireland to qualify for 12.5% corporate tax, and R&D Tax Credits.
3. Tax - trading in/from Ireland
Goods & services sales tax planning, corporate tax rate trading requirements.
4. Audit & GAAP
Financial statements: Irish GAAP or IFRS standards, statutory audit requirements.
5. Compliance obligations
Companies Registration Office “annual returns”, Statistical returns, Tax returns.
6. Outsourcing of services
Determining functions for third party outsourcing and managing these relationships.
Recruitment, employment terms, rights & obligations, training, government incentives.
8. Laws & regulations
Company law, Directors’ obligations & IP law: knowledge & compliance.
9. Real estate
Locating & securing commercial office & industrial premises.
Key ex-patriot considerations: accommodation & family education.
Languages & Intercambios
As a means of improving language ability and to provide additional insight regarding the cultural and language attributes and needs of MKO's International Business clients, “intercambio” language sessions are held weekly in MKO.
An intercambio is a language exchange for two or more people who speak different languages and wish to practice each other's language. Members of MKO’s team, Rong Jin, Hao Wang, Kun Liu and Emanuela Zamboni facilitate these language sessions with staff members interested in practicing or learning Chinese, Italian and French.
Frank Keane, Partner Cormac Doyle, Partner Maoliosa Murray
Head of International Business Head of Tax International Business Manager
Alanna O’Doherty Sheila Mullally Rong Jin
Tax Manager Assistant Manager, Tax Supervisor