Introduction to Irish Immigrants' Currency and Taxation

# Irish Immigrants # Introduction With a mature financial sector, immigrants will find that Irish banks and taxes are similar to those of Britain and the United States. Many multinational banks have branches in Ireland, which is very useful for immigrants who already have the same bank account. Here is a brief introduction to the currency and taxation of Irish immigrants. Welcome to read!

Introduction of Irish Immigrants' Currency and Taxation

1, the currency of Ireland is a part of the European Union, and the official currency of Ireland is Euro (EUR), which is divided into 100 cents.

Note: 5 euros, 10 euros, 20 euros, 50 euros, 100 euros, 200 euros, 500 euros.

Coins: 5 cents, 10 cents, 20 cents and 50 cents, 1 euro and 2 euros.

2. Irish banking

Major banks in Ireland offer a series of services and online banking options, which are very popular and easy to use.

3. Open a bank account

It is easier to open a bank account in Ireland than before arrival. Foreigners need at least a passport and proof of address to open an account, but each bank has its own requirements. Account activation may take several weeks, so Irish expatriates should plan to deposit their funds elsewhere in the process.

4. ATMs and credit cards

ATMs are widely used in Irish towns, and most ATMs can use foreign cards. Credit cards are widely accepted nationwide, but in more remote areas, credit card facilities and ATMs may be restricted.

5. Irish tax revenue

The tax situation in Ireland depends on the residence status of foreigners. If a taxpayer has resided in China for a total of 183 days or more in one tax year, or for a total of 280 days in two consecutive tax years, foreigners shall enjoy the right of tax residence.

Irish residents must pay taxes on income from within and outside Ireland, while non-residents only pay taxes on their domestic income.

In Ireland, everyone must pay the standard tax rate of 20% according to the standard of taxable income, depending on whether the person is single, married or single-parent. All incomes above the threshold are subject to 40% tax.

Chapter II Extended Reading: Three Ways of Irish Immigrants

First, the policy of investing in enterprises: As a popular way to immigrate to Ireland, investing in enterprises has attracted the attention of the majority of immigrant applicants. The immigration law requires that the investment amount should not be less than 6,543,800 euros.

Generally, there are two ways:

1. The applicant establishes or invests in one or more local Irish enterprises;

2. Invest in investment projects approved by the Irish government. This method is generally a less risky and controllable investment project, and the funds can be safely recovered after the investment expires.

Suitable for people: Applicants who want to invest in low-risk projects will not only have less risk, but also be easier to operate if they invest in existing companies. General intermediary companies have ready-made stable investment projects.

Second, investment funds.

Policy: The amount required by this method is also not less than 6,543.8+0,000 euros, and it needs to be invested in a fund recognized by the Irish Immigration Service. This method provides a wider choice for applicants, but the fund is risky after all, and may encounter some potential investment risks during the investment period.

Suitable for the crowd: this way of immigrating to Ireland is not suitable for all applicants. After all, the fund has certain risks. This method is most suitable for applicants with investment risk tolerance.

Three. Investment real estate trust

Policy: The amount required by this method is much higher than other methods, and the investment is not less than 2 million euros. The basic requirement is that the applicant invests in one or more real estate trust companies recognized by the Irish government.

Suitable for the crowd: Generally speaking, this immigration method is very safe and reliable, with very low investment risk and certain benefits. However, the disadvantage is also obvious, that is, it has high capital requirements and is suitable for applicants with sufficient liquidity. After all, there are still a few applicants who can come up with 2 million euros at once.