What is a Politically Exposed Person (PEP)?

How to identify a PEP

By Caitlyn Buchanan, 29 May 2019 A Politically Exposed Person is a term used to describe someone who has been entrusted with a prominent public function. Commonly referred to as PEPs, these people generally present a higher risk because of their higher potential to become involved in bribery or corruption due to their positions of […]

Tax Efficient Employee Share Option Schemes

Employee Share Option Schemes

By Caitlyn Buchanan, 22 May 2019 Employee share option schemes can be utilised by Irish businesses as part of their employee benefits package. When employees exercise an option on shares in a company they are normally subjected to income tax, PRSI or USC at the date of exercise. While some share incentive schemes are described […]

Irish immigration update: Setting Up a Business is now Easier for Spouses and De Facto Partners of Critical Skills Employment Permit Holders

spouses and de facto partners of critical skills employment permit holders

By Caitlyn Buchanan, 8 April 2019 (Updated 23rd September 2019) The Irish Department of Justice and Equality have recently announced changes that will grant Spouses and De Facto Partners of Critical Skills Employment Permit Holders the ability to work in Ireland without obtaining a Spousal Work Permit. This policy change took effect on 6th March […]

Implementation Date for Central Register of Beneficial Owners Finally Announced

Central Register of Beneficial Owners

By Philip Hayden, 5 April 2019 (Updated 25th June 2019) Following months of delay, the Minister for Finance has signed the Statutory Instrument to put the Register of Beneficial Ownership (RBO) in place. This instrument provides for the appointment of a Registrar to administer the new RBO which will require detailed information submitted on any […]

How can my Irish Company show it has a ‘Real and Continuous Link’ for the purposes of avoiding the non-resident bond?

Irish Company with a Real and Continuous Link

By Philip Hayden, 3 April 2019 An Irish company that has directors normally resident outside of the European Economic Area (EEA) would generally be required to put a Section 137 Non-Resident bond in place. This bond acts like an insurance policy that the Irish government can reclaim unpaid taxation or charges incurred by a company […]

Employment (Miscellaneous) Provisions Act 2018 signed into law

Employment Act 2018

By Caitlyn Buchanan, 28 March 2019 The Employment (Miscellaneous Provisions) Act 2018 completed its passage in the Oireachtas and was signed by the President on 25 December 2018. The Act came into force on 4 March 2019 and makes small but significant changes to employment rights legislation in Ireland. The Miscellaneous Provisions Act 2018 addresses […]

How to improve cashflow within your business and the benefits of Invoice Financing

invoice financing

By Bryan Gray, Business Development Manager, Bibby Financial Services Ireland, 26 March 2019 Over half (57 per cent) of Irish SMEs citing a timely collection of customer payments as a real issue. While you can never guarantee that every customer will pay a bill on time, there are ways to ensure you get paid earlier […]

Ireland continues to rank as a top performing economy in Europe

Establish a company in Ireland

Philip Hayden, 22nd March 2019 Establishing a company in Ireland remains a popular choice for investors looking to access the European market. With the low corporate tax rate of 12.5% (among the lowest in Europe) and favourable tax system, Ireland is a highly sought-after location. The economy has stabilised since the recession of 2008 and […]

Changes to Annual Return filing dates included in the Companies (Amendment) Act 2019

Companies Amendment ACT 2019

Sinead Floody, 26th February 2019 (Updated 25th November 2020) The Companies (Amendment) Act 2019 was signed into law by the President on 11th April 2019. This legislation amends Section 343 of the Companies Act 2014, bringing about a change in annual return filing for Irish Companies. Some consider this change to be minor however this […]

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