"provided exceptional tax advice"

"professional, knowledgeable, experienced"

"always go the extra mile"

"years of co-operation, integrity & success"

"an invaluable partner for our business"

"huge support & genuine concern for us"

"gave me peace of mind"

What We Do

Locating to Ireland

Locating to Ireland

Why locate in Ireland?

There are many excellent reasons why companies are locating to or setting up a subsidiary in Ireland.  Our favourable low corporation tax regime, a supportive environment for start-ups, our global connections providing links to Europe, US and the Middle East and the availability of a well educated, hard-working & friendly workforce are just some of the reasons cited. On a personal level, Ireland is simply a really great place to live, work and raise a family!

Research & Development

Ireland is home to world-class companies and research centres in sectors including ICT, life sciences, gaming, financial services and food & beverages.  Ireland has gained a reputation worldwide as a hub for software development and particularly cloud based computing R&D.  Irish universities and technical colleges are training extensively in all of these fields.  This means that there is a supply of expert and experienced workers available in Ireland to companies developing technologies.  Buckley Kiely is already working with companies in these fields and we have an understanding of their particular needs.

Companies which incur R&D expenditure in Ireland receive a 25% tax credit from the Irish tax authorities and this is very attractive when combined with Ireland’s low 12.5% rate of corporation tax.

In broad terms, if the 25% tax credit cannot be utilised against corporation tax due to lack of income, a claim for a cash repayment of the credit can be made and so this can be a very real advantage.  Many conditions surround the R&D claim and Buckley Kiely assists clients to plan carefully for this to ensure all conditions attaching to the relief are met.

Intellectual Property

Ireland is an ideal location for holding intellectual property (IP) and there are many tax advantages to locating in Ireland.

However, it is important that the Irish company would be actively managed and controlled in Ireland and would have a real presence and substance here.

Structure of the Irish Company

Getting the structure of the Irish company right is key to ensuring that holding companies are protected and that profits are taxable in Ireland.

Buckley Kiely provides advice on how best to structure the company and assistance with forming and registering companies with the Irish Companies Registration Office.

Financing the Investment into Ireland

Inevitably there are some set up costs associated with setting up an Irish subsidiary.  We provide assistance with preparing a budget for these costs and examine how best to invest these monies in the Irish company, which typically takes one of two forms:

1) Acquiring shares in the newly formed Irish subsidiary for a cash injection

or

2) Taking a nominal share subscription, say of two €1 ordinary shares, and financing the operations by way of a loan from the parent corporation.   If an interest free loan is considered, transfer pricing rules would need to be examined.

Buckley Kiely will be happy to liaise with accountants and legal advisors in the country of origin to answer any questions and if necessary find solutions to any concerns.

Irish Corporation Tax

As mentioned above Ireland has the lowest corporate tax rate in Europe with a domestic rate of just 12.50%.  The 12.50% rate is charged on net profit after capital allowances (tax depreciation) has been claimed.  On set up of the company initially, trade losses may be incurred and any such losses can be carried forward to use if and when the company begins to generate profit.

Irish Employment Taxes

The PAYE (Pay As You Earn) system operates in Ireland and employees pay taxes collected by their employer through the payroll.  The total wage cost to a company is normally the gross wage plus 10.75% employer PRSI (social insurance).

Buckley Kiely provides payroll services and assistance in registering and managing the compliance of all employment taxes.

Cash Reserves

Any cash reserves built up in Ireland may be remitted back to the country of origin by way of dividends, although the foreign tax rates would need to be examined further before doing this.

Other Services

Buckley Kiely provides a range of services including;

  • Fully outsourced accounting function
  • Audit, accountancy and taxation consultancy services
  • Banking Services – advice and assistance with loan applications and communications with banks
  • Impartial Financial Solutions, including company pension schemes and investment products.

Check Out

What Clients Say

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In the early years Buckley Kiely fulfilled the role of managing the setup and administration of the company, enabling me to focus on business development and the relationship grew on a needs basis from there. Although PCH is now a multi-national organisation we continue to maintain close involvement with Buckley Kiely and use their extensive experience and expertise. Their advice is invaluable as it is based on years of co-operation, integrity and success.

Liam Casey // CEO, PCH International

Cypress Semiconductor is headquartered in San Jose, California, the company has 7,100 employees worldwide serving more than 30,000 customers. Cypress delivers high-performance, high-quality solutions at the heart of today’s most advanced embedded systems, from automotive, industrial and networking platforms to highly interactive consumer and mobile devices. The Irish subsidiary of Cypress operates as a research and development centre, developing new Intellectual Property for several different product families in the Cypress Programmable Systems Division.

Sean Foley // Design Centre Manager, Cypress Semiconductor Ireland

From our initial contact we have built up a really good working relationship with various members of the team.  They have provided us with exceptional tax advice, at pivotal times in the development of the company and we have also benefited greatly from their expertise in areas of accounting, bookkeeping & payroll.  They are proactive in putting forward constructive suggestions and the impression is that they are genuinely looking out for our best interests.  I’m very happy to give them my recommendation – companies considering locating to Ireland couldn’t ask for a better partner!

Prashant Keshri // Sr. Director Finance, Entercoms

Through boom and bust, BK has continued to help keep us profitable and they are a great source of positive encouragement. Nothing is too much trouble. I would recommend BK without hesitation to anyone in business or thinking of starting a business – BK is a firm of accountants who are professional, knowledgeable, experienced and who will go the extra mile.

Tom Bryan // Owner & Managing Director, Toss Bryan

In particular, I have been impressed by the recent handling of our tax return, the various options presented and the clarification provided in meetings to the financial management team, both in Cork and in the US.  Better yet, Buckley Kiely has provided us with a clear understanding of tax implications/laws in Ireland, which will be of significant benefit to us when making decisions in the future.  Based on our experience, I am delighted to recommend Buckley Kiely & Co.

Jorge L. Rodriguez // President & CEO, Paciv Europe Limited

They have always been diligent, understanding and compassionate, irrespective of where in the world I’ve been, providing me with peace of mind, allowing me to seize opportunities without hesitation and do what I do best. Whether it has been non-profit, for-profit or personal, I am thankful to say I am a client.

[Cork native James Whelton co-founded the globe-spanning CoderDojo movement when he was just a teen. Now in his early 20’s, he is a world renowned tech entrepreneur focused on the emerging tech scene in the Middle East.]

James Whelton // CoderDojo

Buckley Kiely has been an invaluable partner to us at every stage of the development of our business; providing us with serviced offices (in the early days), outsourced bookkeeping and payroll, accounts compliancy, taxation and investor advice second to none. The team is made up of real experts in their fields, which has given us great confidence and comfort that our affairs are well looked after, and has freed us up to focus on developing our technology and promoting the Trustev brand and business.  I recommend Buckley Kiely to every IT start-up I know!

Pat Phelan // Formerly CEO, Trustev (since purchased by TransUnion)

They take care of all aspects of my business and  personal affairs ranging from; Accountancy, Tax, Pension Management through to Specialist Corporate advice. A true ”One Stop Shop” provided by a  Very Professional, Honest & Dedicated team. I would not hesitate to recommend them to prospective clients.

Tom Ruddy // Thomar Consulting Limited

A vital resource that has enabled our company not just in terms of compliancy, but has also ensured we are well positioned to make better decisions.

Marion O’Donovan // Strategic Director, O’Donovan Engineering Co. Ltd.

They have provided us with a range of services including Loan Book Reviews, Management Accounts, Infrastructure Review, Implementation of Computerised Accounts and Report Design, none of which could have been achieved without their knowledge and dedication.  They are always available at the end of the phone and we have built up a very good working relationship with their staff.

Newmarket Credit Union //

During this time they have carried out many varied financial services for us not least of which are the preparation of our annual audited accounts and taxation matters. Seamus and his team are always available for fast and immediate advice whenever it is needed and have been an invaluable resource for us in the day to day running of our company. No query is ever too big or too small for them and we would have no hesitation in recommending them to any potential clients.

Tim Brosnan // Managing Director, Liscarroll Engineering Ltd

The level of preparation and attention to detail on this assignment was exemplary. The professional and efficient service supported a successful conclusion to the project. The assistance of Buckley Kiely meant that the project was brought in within budget and this service was much appreciated in the current climate.

Brian O’Dwyer // Financial Director, RTE Cork

After about 8 months of meeting Fearghal [Collins, Partner at Buckley Kiely] for coffee to bend his ear with my ideas and having received tremendous support and advice from the team at BK, we were finally ready to go – along with business partner Dave Ronayne, chief executive of Irish Mainport Holdings and IBEC’s regional president for Cork, we launched Republic of Work in 2016. Buckley Kiely has been of tremendous support to us during our first year of business – I couldn’t imagine doing it without them.

DC Cahalane // Founder & CEO

From a one-man-band to a fully-fletched orchestra – for almost 40 years, we have engaged Buckley Kiely & Co. as our accountant and business advisor. During that time, they have grown from strength to strength and have never backed away from any task given to them. They have always implemented the latest technology and employed top class human resources. In so doing, today they can deliver a full package of services required by any company and their employees.

 

Tomas Lagerqvist // CEO

I met Richard Fowler of Buckley Kiely Wealth Management who gave me great advice on the best options. This was invaluable to me as it gave me peace of mind, in particular, given the uncertainties with the Euro and the banks. Many advisers out there are not independent, whereas Richard provided independent fee- based advice on what was in my mother’s best interests. The service provided by Richard and his staff is excellent, very efficient and professional.  I have no hesitation in recommending this service to anyone looking for professional, independent advice.

Nicholas O’Callaghan //

Their work was carried out in a very professional  and time efficient manner while at all times remaining sensitive to the potential concerns that such a review will raise for the personnel working in that department.  The final report delivered by Buckley Kiely provided the Board with a number of key system and process improvement recommendations and a capacity and cost benchmarking assessment which have been the foundation for a restructuring of the department into a more cost and process efficient cost centre.  The Board of Movies @ are grateful to Buckley Kiely and would highly recommend them.

Karen Reid // Movies @ Dundrum

It opened up many possibilities that I never knew I had, in fact, possibilities I thought I didn’t have or would ever have.  It’s certainly worth having a consultation with Richard and Paul as they make things easy to understand. It has definitely changed my life for the better.

Billy S. // Retired Bank Manager

Buckley Kiely was my first choice as accountant for BuiltInCork and they also provide financial support and advise to many of the startup members of the group.

DC Cahalane // Founder

Buckley Kiely are very professional while at the same time being very friendly and approachable. They have an excellent understanding of the pharmacy sector and have been instrumental over the years in helping to redevelop and modernise our business when required. Most recently they played a proactive role in the sale of the business, providing tax planning advice, dealing with due diligence and solicitors. The firm also provides sound, long-term financial advice. Buckley Kiely and I share our 40th anniversary as Seamus set up the business the same year that I qualified as a pharmacist, back in 1977 – I’d like to congratulate them on 40 years of excellent service.

Tim Doody // Pharmacist (previous Owner)

//

Introducing

Team Buckley Kiely

View All Team Members

Seamus Buckley

Partner

John Kiely

Partner

John Flynn

Managing Partner

Margaret McCormick

Partner

Fearghal Collins

Partner

Niall Dennehy

Commercial Business Manager

James Kiely

Director of Tax

Rosemary Farrell

Tax Advisor

Anne Murray

Tax Advisor

Yvonne Murphy

Audit Manager

Andrew Moynihan

Manager

Denis Crowley

Manager

Hilda O’Donovan

Management Consultant

Sam Lee

Senior Management Accountant

Norah O’Dwyer

Management Accountant

Alan O’Connell

Accountant

Joe Duggan

Accountant

Richard Fowler

Director - Buckley Kiely Wealth

Paul Buckley

Financial Planner - Buckley Kiely Wealth

Marian Fitzgibbon

Financial Services Administrator

Barry O’Neill

Business Support Manager

Introducing

Team Buckley Kiely

View All Team Members

Contact Us


Our Location

new Business

Fearghal Collins

E: fcollins@buckleykiely.ie

Our Office

Heritage Business Park,
Bessboro Road,
Blackrock,
Cork
T12 P1HX

T: +353 (0)21 4350777

F: +353 (0)21 4350750

E: info@buckleykiely.ie