Cross Border Leasing In Ireland

INTRODUCTION

Ireland offers attractive fiscal incentives to foreign investors engaged in the international leasing industry. Considerable expertise has been developed by Irish leasing companies and their advisers in arranging international leasing and financing structures.

One of the principal factors assisting this development has been the reduced rate of corporation tax applicable to international leasing activities conducted in either Dublin's International Financial Services Centre ("IFSC") or in the Shannon Airport Zone. The reduced rate is 10% as opposed to the normal rate of 36% [see note 1] and the relief is available until 31st December, 2005. Applications to obtain the relief in the IFSC must be made before 31st December, 2000.