How do I

Looking to relocate to Ireland… what are my options.

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Heya, 

I'm new to this website. 
I live in the UK. 
I amd thinking of relocating to Ireland because of the obvious 12.5% corp tax and low cost of living. 
I am a digital business and just want a change & again 12.5%. 
 

I currently have 12k in Corp tax debt. But I'm paying it off very quickly. 
what would be my best move? I guess my questions are can I file my British company as dormant& then commence trading as a Irish company? Is it that simple? I understand there's monthly fees for a accountant in Ireland and a start up fee (if you know a exact amount also that would help)... 

or would my other option be to make the company Dormant and get my partner to open a company as we are in the same industry? 
im happy to pay what I owe that's not a issue. Would just love to be able to live remote in Ireland for cheap saving a vast amount on taxes per year.  Thank you. 

Replies (32)

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the sea otter
By memyself-eye
22nd Feb 2024 09:15

A ferry either from Liverpool or Hollyhead. Other exit ports are available.

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Replying to memyself-eye:
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By Leywood
22nd Feb 2024 09:25

You beat me too it. I would opt for Holyhead as the drive there is so much nicer. Stop off at one of Anglesey’s many lovely beaches for a paddle on the way.

OP. This isn’t a forum for free tax and Accountancy advice. But the above is free.

Don’t forget it’s zero tolerance on drink driving over there now. I will provide that advice for free.

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Replying to Leywood:
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By Ditsydaisy
22nd Feb 2024 14:45

I still got what I wanted ;) hahahahaha I’m not trying to evade tax, well I am… I just haven’t had a docs appointment in 5 years because I can’t get one so any way to save money I guess

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Replying to Ditsydaisy:
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By Leywood
22nd Feb 2024 16:34

Ditsydaisy wrote:

I still got what I wanted ;) hahahahaha I’m not trying to evade tax, well I am… I just haven’t had a docs appointment in 5 years because I can’t get one so any way to save money I guess

If you think you gave from here you are sadly mistaken

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Replying to Leywood:
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By Ditsydaisy
22nd Feb 2024 14:45

I still got what I wanted ;) hahahahaha I’m not trying to evade tax, well I am… I just haven’t had a docs appointment in 5 years because I can’t get one so any way to save money I guess

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Replying to Leywood:
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By Ditsydaisy
22nd Feb 2024 14:45

I still got what I wanted ;) hahahahaha I’m not trying to evade tax, well I am… I just haven’t had a docs appointment in 5 years because I can’t get one so any way to save money I guess

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Replying to Leywood:
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By Ditsydaisy
22nd Feb 2024 14:45

I still got what I wanted ;) hahahahaha I’m not trying to evade tax, well I am… I just haven’t had a docs appointment in 5 years because I can’t get one so any way to save money I guess

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Replying to Leywood:
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By Ditsydaisy
22nd Feb 2024 14:46

I don’t drink and I don’t drive… I do grow my own fruit and veg tho!

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Ivor Windybottom
By Ivor Windybottom
22nd Feb 2024 09:51

Cannot give advice on Ireland as I've never been there, but it looks nice from what I've seen in "Father Ted". Doesn't it rain more than Manchester, though?

Anyway, you might want to check the 12.5% rate, as the EU is starting to implement the minimum 15% rate. The UK rate after reliefs may not be that much more expensive for a smaller company.

Also remember money in a company is not your money, as no doubt your accountant will explain. The company tax is only the start of the tax cost.

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Replying to Ivor Windybottom:
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By Ditsydaisy
22nd Feb 2024 14:47

They are apparently offering three years 0% corp tax atm. Just looking through my options lawfully :)

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Replying to Ivor Windybottom:
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By Ditsydaisy
22nd Feb 2024 14:52

Also yes I know I have to pay myself dividends and that will be higher rate etc. looking into all aspects. From the Cayman Islands to Ireland…
I’ll be honest I can’t deal with another conservative OR labour government.
4 years since I got a doctors appointment.
& local kiddy fiddlers get them for free… the grass isn’t greener on the other side but if I get to pay less tax ohhhh it will be!

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By ireallyshouldknowthisbut
22nd Feb 2024 10:02

You need to hire a decent Irish accoutnant, and they can talk to your UK accountant and between the three of you come up with a plan from a tax point of view.

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Replying to ireallyshouldknowthisbut:
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By FactChecker
22nd Feb 2024 12:39

Of course that plan might well NOT involve moving to Ireland ... but then OP doesn't appear to have decided on any personal/business priorities, so who knows?

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Replying to FactChecker:
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By Ditsydaisy
22nd Feb 2024 14:49

Oh yes it does! I want somewhere rural to live to bring up my children privately and if that means I can save a few taxable bucks. So be it.

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Replying to Ditsydaisy:
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By FactChecker
22nd Feb 2024 18:13

Don't think you'll find the Cayman Islands particularly 'rural' ... certainly not in the sense of your envisaged idyll for kids, animals and growing your own.

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DougScott
By Dougscott
22nd Feb 2024 14:03

I'm quite surprised no one has mentioned Ryanair yet - very cheap flights to Dublin, much cheaper than the ferry.

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Replying to Dougscott:
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By Ditsydaisy
22nd Feb 2024 14:49

My spaniels would prefer the ferry aha. Thank you x

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RLI
By lionofludesch
22nd Feb 2024 14:59

Lower cost of living in Ireland.

Not my experience, to be honest.

Energy costs a fortune.

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Replying to lionofludesch:
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By Ditsydaisy
22nd Feb 2024 15:10

I have been told that if you live in certain parts you’re fine. I’m looking for self sufficient properties if I’m honest. Will be taking this all into account.

From what I’ve researched the price of energy is pretty similar to here.

Thank maggy for that!

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Replying to lionofludesch:
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By Ditsydaisy
22nd Feb 2024 15:10

I have been told that if you live in certain parts you’re fine. I’m looking for self sufficient properties if I’m honest. Will be taking this all into account.

From what I’ve researched the price of energy is pretty similar to here.

Thank maggy for that!

Thanks (0)
Replying to lionofludesch:
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By Ditsydaisy
22nd Feb 2024 15:10

I have been told that if you live in certain parts you’re fine. I’m looking for self sufficient properties if I’m honest. Will be taking this all into account.

From what I’ve researched the price of energy is pretty similar to here.

Thank maggy for that!

Thanks (0)
Replying to lionofludesch:
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By Ditsydaisy
22nd Feb 2024 15:10

I have been told that if you live in certain parts you’re fine. I’m looking for self sufficient properties if I’m honest. Will be taking this all into account.

From what I’ve researched the price of energy is pretty similar to here.

Thank maggy for that!

Thanks (0)
Replying to Ditsydaisy:
By SteveHa
22nd Feb 2024 15:49

You need to be more patient with clicking the "Post" button - it's not the fastest.

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Replying to SteveHa:
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By Ditsydaisy
22nd Feb 2024 17:03

Yes my adhd didn’t figure that one out

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By Paul Crowley
22nd Feb 2024 16:28

Look at the cost of getting money out of the company. What is the tax rate? Does the company pay tax again when paying dividends? You may get a shock.

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Replying to Paul Crowley:
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By Ditsydaisy
22nd Feb 2024 17:03

Looking into every from Ireland to the Cayman Islands. Just bare with me lol

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Replying to Ditsydaisy:
RLI
By lionofludesch
22nd Feb 2024 17:13

Ditsydaisy wrote:

Looking into every from Ireland to the Cayman Islands. Just bare with me lol

Is that a Devenish reference?

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Replying to lionofludesch:
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By FactChecker
22nd Feb 2024 18:18

To be fair that was Belfast ... Dubliners generally know how to behave themselves better (or who to talk to afterwards in order to ensure it stays private)!

But I'm picking up more of a Welshness with this OP ...

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Replying to FactChecker:
RLI
By lionofludesch
22nd Feb 2024 18:54

FactChecker wrote:

To be fair that was Belfast ... Dubliners generally know how to behave themselves better (or who to talk to afterwards in order to ensure it stays private)!

But I'm picking up more of a Welshness with this OP ...

Dunno that Dublin could be described as "rural".

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Replying to Paul Crowley:
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By I'msorryIhaven'taclue
22nd Feb 2024 21:18

Nice to see you back, Paul.

Did you take a voluntary six- month hiatus, or was it a straight red card?

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Replying to I'msorryIhaven'taclue:
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By Paul Crowley
23rd Feb 2024 09:58

Voluntary
Time and other stuff got in the way. Things are now back in order.

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By DKB-Sheffield
22nd Feb 2024 17:49

Whilst I certainly admire your intentions (to leave for pastures new), the desire for a new life must surely be the main (or only) consideration. Tax will surely be a secondary matter?!

Your £12K Corporation Tax bill will reduce by around £2.5K. That's less than the cost of pretty basic tax advice in IE!

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