Part 7: Ireland Personal Business Owner
Welfare and Lifestyle
7.5 Ireland Individual Business Banking Services
Domestic and international banking services
Offshore corporate or other entities can be used by owners
or operators of small businesses in Ireland to own their business
and related assets. Offshore investment and banking products
may also be of benefit, although the tax benefits afforded
by such products have been dented by the European Savings
Tax Directive, so the advantages afforded by such a product
are likely to be primarily in terms of convenience , for example
the ability to receive and deposit funds remitted from your
home country, or income earned from working overseas (for
example fees, salary and expenses), in sterling, US dollars,
or any one of a number of hard currencies.
Domestically speaking, the majority of the banking world's
key players are represented in Ireland, meaning that there
are also a great many banking services available to the owners
and operators of small businesses on a domestic level, both
personally, and for their firms. Services on offer for small
businesses can include loans, merchant banking, and business
start-up information and support.
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