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Formation of a holding company to hold shares in multinational companies: if a single business entity exists as a holding company with shares in other multinational companies, there are a number of reasons to form this type of arrangement within the Republic of Ireland.
At Coddan, we have a number of dedicated specialists that have many years of experience in this business area, and this includes providing specialised advice for specific types of business. Businesses that hold shares in other companies can benefit from taxation and economic factors that exist within the Irish Republic, and these cannot be found in the same combination in other EU destinations.
From the perspective of taxation, there are a number of fiscal policies in place that can make the whole set-up tax efficient when receiving share dividends from the parent company. In order to ensure that the correct levels of tax are paid at all times, we can arrange the services of accountants and bookkeepers that are experienced in Irish accountancy procedures, and businesses can rest assured that their tax affairs will be 100% compliant with Irish law at all times. Coddan is an agent that is recognised throughout Europe for our constantly high levels of professionalism, and we can take responsibility for the necessary arrangements.
Another potential accountancy headache for holding companies can occur after the sale of shares, and this particular process can be far easier when the holding company is based in the Republic of Ireland.
Tax arrangements are in place within Eire that allow businesses to sell their multinational company shares as efficiently as possible, while the same process in other European nations can lead to hefty levels of taxation. Provided that all accountancy procedures are followed with due diligence, this is something that Coddan Formations Agency can provide expert assistance with, businesses that regularly trade in these shares will find that the Irish Republic is a great location for a holding company.