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Start a business in ROI or NI?

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  • 29-08-2011 6:46pm
    #1
    [Deleted User]
    Posts: 0 ✭


    Looking to set up a business importing food products from S.America which I will then sell online mostly, to begin with. For the sake of taxes, importation and support, where do you think would be best to start?


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    #2
    TylerIE
    Registered Users Posts: 1,635 ✭✭✭TylerIE


    Rudolph here is more likely to know re importation but I imagine both Ireland and Northern Ireland are broadly similar as EU regulations would cover a lot of the importation legislation.


    If you set up in the UK I think corporation tax is 19%. In the South its 12.5%.

    The VAT rate in the UK is 20% while ours is 21% so now they are broadly the same.

    Company regulation, I'm unsure of the situation. It is slightly easier and cheaper to set up a Ltd company in the UK I believe, but its very easy to do so in Ireland also.

    As regards start-up support there are some excellent supports North & South. In the South the various Enterprise boards provide classes and advice. Grants would be unlikely for a business that was importing from overseas.


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