| 1. ADVANTAGE | Same rights as German or Austrian GmbH/GesmbH Can be registered as independent and dependent registered office Cost saving foundation and low current costs Low responsibility capital No capital payment or proof necessary Free choice of name (also German names and terms) Simple administration No black lists" for IRISH Limitids Absolute Nominee - Service possible ? Perfect anonymity ONLY AT AUSTRIAN MARKETING COMPANY LTD.
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| 2. DISADVANTAGES | strong pressure by the EC on the Irish government to change the tax Laws |
| 3. DRAFT | company Act 1963/1990 - Common Law |
| 4. CHOISE OF NAME | free (must end with Limited or Ltd. or Teoranta) |
| 5. TIME OF REGISTRATION | about 14-21 days |
| 6. ORDINARY SHARE | Minimum 100 Pounds Sterling - need not be paid in registration in foreign currency possible too |
| 7. RESPONSIBILITY/SHARE DRAFT | 2% of the ordinary share - minimum |
| 8. SHAREHOLDER | at least 2 people |
| 9. DIRECTORS | at least 2 people |
| 10. SECRETARIES | at least 1 people |
| 11. PUPLIC EXPANSIONS | director, secretary, shareholder, head office, contract of shareholders |
| 12. BOOK - KEEPING | yes, the book-keeping is transferred - neednt be submitted |
| 13. RETURN ANNUAL | yes |
| 14. SEAL - DUTY | yes |
| 15. TAXES | no, tax free |
| 16. DOUBLE TAXATION | yes agreement |
| 17. VAT REGISTRATION | no, not possible in Ireland - with an independent registered office in Germany 15% Mwst., in Austria 20% |
| 18. SHAREHOLDERS MEETINGS | yes, every 15 months - outside Ireland |
| 19. SUBSIDIARIES independent or dependent | independent or dependent can be registered as trade with an independent subsidiary registration in the register of companies or trades too |
| 20. HEAD OFFICE | yes, legally laid down in Ireland, subsidiary outside Ireland |
| 21. NOMINEE POSSIBLE | NOMINEE POSSIBLE yes, Irish Nominees are laid down by law |