The Republic of Ireland is a member state in the European Union. It is an island located northwest of the continent and due west to Britain. The island contains both the Republic of Ireland and Northern Ireland, the latter a part of the UK and still subject to its governance. The two are separate states. The country boasts a charming and scenic landscape, pastoral both geographically and culturally, and is typified by lush green meadows, jolly people, folk music and traditional dances. It is an attractive tourist destination that draws millions of visitors each year from around the world. The official language is English (along with the native Irish tongue which is rarely used), a fact that makes registering companies there extremely easy. The Irish do have a very distinct and pronounced accent, and attempts to understand them sometimes lead to truly comical scenes.
The state capital is Dublin, local population is around 5 million, the majority of which are native Irish. The country gained its independence from the UK in 1922. In 1949 Ireland was finally declared a republic and no longer subject to the British royal crown. The legacy of both Gaelic and Celtic cultures still play a significant role in the contemporary Irish DNA, as evidenced in their language, symbols, local culture and more.For Viewing Ireland in Google Maps - Click Here
Per capita income in Ireland is 41,000 USD, currently ranked as one of the richest countries in Europe, but this leap is still very recent. After years of economic setbacks and severe poverty, the state enacted a series of economic reforms and tax reliefs, primarily aimed at international corporations. This has resulted in huge foreign investments, although the local economy did suffer several severe setbacks due to the Euro crisis.
GDP of Ireland is currently 210 billion USD, and its official currency in the euro. After years of an agriculture and industry-based economy, Ireland has shifted to investment incentives and knowledge-based industries. The low corporate tax rate is one particularly appealing boon, ranging from 10%-12.5%, or 25% for income from sources other than trade.
Companies registering in Ireland must meet several conditions, such as a standard share capital of one million euro, local offices, appointment of company secretary, submittal of biannual financial reports, and use of a special company seal. However, these companies pay low corporate taxes and receive many other advantages.
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