Free economic and trade zones in Ireland
The Shannon Free Zone (SFZ) is located on 600 acres near to the International Airport in Shannon on the west coast of Ireland. More than 100 companies operate in the Shannon Free Zone, with a total employment level of 7,200 and an annual trade volume of €3.3 billion.
The advantages associated with corporate establishment in the Shannon Free Zone are noted below.
Corporate tax rate of 12.5 percent - Effective as of January 1, 2003, Ireland's corporate tax rate is 12.5 percent on all trading profits. In addition, the 10 percent corporate tax rate for eligible "manufacturing" trades is still available until 2010, as long as the trade qualified for such rate before July 30, 1998. A corporate tax rate of 25 percent applies to non-trading income.
Free port benefits - Shannon Free Zone is a customs free zone with a system that allows deferral of duty payable on imported goods from non-EU countries, until such time the goods leave the Shannon Free Zone destined for another EU country. Companies may obtain approval to import goods duty-free from outside the EU for processing and re-exportation to non-EU countries. Importation of goods from within the EU is exempt from duties. The Shannon Free Zone is rated zero for VAT.
Grants - Shannon Development offers grants to eligible prospective companies seeking to establish a presence in the SFZ, as well as to certain companies that are already operating within the SFZ. The following types of grants are available:
Employment Grants;
Research and Development (R&D) Grants;
Training Grants; and
Capital Grants.
Other advandatges - Companies established in the Shannon Free Zone may also be eligible for other incentives. These include, but are not limited to, R&D tax credits and exemption for Capital Gains Tax on share disposals.
http://www.shannondevelopment.ie/
The advantages associated with corporate establishment in the Shannon Free Zone are noted below.
Corporate tax rate of 12.5 percent - Effective as of January 1, 2003, Ireland's corporate tax rate is 12.5 percent on all trading profits. In addition, the 10 percent corporate tax rate for eligible "manufacturing" trades is still available until 2010, as long as the trade qualified for such rate before July 30, 1998. A corporate tax rate of 25 percent applies to non-trading income.
Free port benefits - Shannon Free Zone is a customs free zone with a system that allows deferral of duty payable on imported goods from non-EU countries, until such time the goods leave the Shannon Free Zone destined for another EU country. Companies may obtain approval to import goods duty-free from outside the EU for processing and re-exportation to non-EU countries. Importation of goods from within the EU is exempt from duties. The Shannon Free Zone is rated zero for VAT.
Grants - Shannon Development offers grants to eligible prospective companies seeking to establish a presence in the SFZ, as well as to certain companies that are already operating within the SFZ. The following types of grants are available:
Employment Grants;
Research and Development (R&D) Grants;
Training Grants; and
Capital Grants.
Other advandatges - Companies established in the Shannon Free Zone may also be eligible for other incentives. These include, but are not limited to, R&D tax credits and exemption for Capital Gains Tax on share disposals.
http://www.shannondevelopment.ie/