Ireland

Yes, at least 1 resident director from the European Economic Area (EEA) is required to set up a limited liability company in Ireland.

The standard corporate tax rate in Ireland is 12.5% for trading income and 25% for non-trading income.

If all documents and formalities are in place, company formation in Ireland takes place within 5 days.

The duration of a full-term patent in Ireland is 20 years, and for short-term is 10 years.

The duration before expiry of a publication in Ireland is 18 months.

The term ‘Patent Pending’ is particularly used on products to alert competitors stating that an application has been made to protect the invention.

The methods of payment accepted by the Patent Office in Ireland are by electronic means that includes online, electronic funds transfer (EFT).

It is a tax incentive tool that encourages innovation and gives the flexibility of a low rate corporation tax on profits made on IP assets.

EUIPO stands for European Union Intellectual Property Office.

The corporate tax rate in Ireland is 12.5%.