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What does it take for a foreigner to own a LLC-like company in Ireland (LLC is a see-through entity so individual just pays standard income tax)? For e.g. how e
by karterk 13y ago
What does it take for a foreigner to own a LLC-like company in Ireland (LLC is a see-through entity so individual just pays standard income tax)? For e.g. how easy is it to set it up compared to a Delaware Corp, which can be done in a single day?
- lucaspiller 13y agoCurrently you need a minimum of two directors to setup a company, so it probably isn't great for this. Ireland isn't really a great location for traditional companies, but great for multinationals due to the double taxation loopholes. There are EU countries with lower corporate tax rates, but they don't have the loopholes. In the UK you can register a company online [0], however you need a UK address. There are various formation agents that will register the company and provide an address for a small fee (<£100) [1]. If you want a business bank account I think you'll need to do it in person though. You will probably want to get an accountant too which will be ~ £1k/year, although you can do it yourself. Further reading: http://www.bdb-law.co.uk/media/440379/settingupbusinessintheuk.pdf http://www.bdb-law.co.uk/media/440379/settingupbusinessinthe... [0] http://www.companieshouse.gov.uk http://www.companieshouse.gov.uk [1] https://www.theformationscompany.com https://www.theformationscompany.com
- maaku 13y agoIt's also really, really easy and cheap to set up an international business corporation (IBC) in well known offshore locations like the British Virgin Islands or Gibralter. It's just because of the payments issue that I suggested Ireland.