What are the benefits of setting up a company in Ireland?

What are the benefits of setting up a company in Ireland?

There are several benefits to setting up a ltd company in Ireland, including:

1.  Limited liability

A ltd company will have at least one shareholder. Shareholders have limited liability for the debts of the company. This means that they will only be liable for the amount of money they have invested in the company and not for any other debts that the company may incur. The personal assets of shareholders will not be affected.

2.  Tax efficiency

Limited companies are taxed differently to sole traders and partnerships. They can claim certain expenses as tax-deductible and they may also benefit from lower rates of corporation tax.

3.  Separate legal entity 

As a separate legal entity, a ltd company can enter into contracts, sue and be sued in its own name. This gives the company a certain level of protection from the actions of its shareholders.

4.  Raising investment

Limited companies can raise investment by selling company shares to investors. This is more difficult for sole traders and other partnerships.