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Essay / Research Paper Abstract
This 6 page paper looks at a design company in Ireland and considers the different aspects of business in Ireland. Included is a discussion on forming businesses in Ireland, taxation, legal issues such as patents and trademarks, as well as looking at how the company competes. The bibliography cites 5 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEdesignIR.rtf
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Unformatted sample text from the term paper:
they operate within as well as the tasks can undertake. Looking at a design company in Ireland; using Methode Electronics Ireland, as an example this paper will consider the way
in which the company operates within its environment. 2. Business Formation and Taxation in Ireland When setting up a company in Ireland, assuming that the company is to have a separate
identity rather than those operating it being self-employed, the company is lucky to be registered as a limited liability company. When the company is formed there is a minimum requirement
of two directors and one company secretary, one of the directors needs to be resident in Ireland, however they do not need to be an Irish citizen. For a
limited company the share capital is to be quoted in the Euro, the currency of the island, the standard level of authorised capital is ?1 million, and when the company
set up there needs to be aiming and paid-up share capital of ?1. There are several benefits to setting up company in Ireland, one is the governments policy towards
investment and the encouragement of businesses certain areas with the provision of grants, incentives and loan guarantees. For example, a company setting up or substantially expanding a research and development
department may gain capital aid and help with running costs for a limited period, including help with costs such as equipment, instruments, personnel and premises which were used for the
research and development (Enterprise Ireland, 2007). A scheme aimed at companies that are just Inc all who are undertaking their first research and development projects and provide up to ?65,000
(Enterprise Ireland, 2007). Taxation is also an advantage. The current taxation regime has corporation tax set at 12.5% of profits, while the low iterate in Europe. However, tax is
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