Worldway Comprehensive News: The Irish Investment Agency announced on the 19th that the Irish 2016 fiscal budget indicates that Ireland is about to launch the world's first and only "Knowledge Development Box" (or "Patent Box") that complies with the OECD "Revised International Taxation" standards.Worldway's immigration experts state that this will greatly promote the research and development activities of Chinese enterprises overseas, attracting more Chinese immigrant investors..
The "Knowledge Development Box" became effective on January 1, 2016, applying a preferential tax rate of 6.25% to profits generated from intellectual property resulting from research and development activities in Ireland. This initiative further deepens Ireland's "best" tax incentive package, complementing the 12.5% corporate tax rate, 25% research and development tax credits, and tax reductions on intangible asset investments, which is expected to greatly attract local Irish companies and foreign investors to actively engage in research and development innovation activities, developing high-value-added intellectual property.
Zhang Zhewei, Director of the China Region of the Irish Investment Development Agency, believes that the "Knowledge Development Box" will greatly promote Chinese enterprises to carry out research and development activities overseas (especially in Ireland). "We have observed that in the new wave of Chinese enterprises going global, corporate investment behavior is gradually maturing, with investment projects extending to both ends of the value chain, particularly focusing on investment in research and development. The timely introduction of this powerful policy by the Irish government will further encourage Chinese enterprises to invest in overseas research and development, leveraging 'external expertise' to advance the industrial transformation of Chinese enterprises. We hope to work hand in hand with Chinese enterprises."
If you are attracted by this favorable policy, do not miss the investment immigration project in Ireland. Worldway immigration experts state that currently, immigration can be achieved through the purchase of government welfare housing projects.
The Irish welfare housing investment immigration project is an investment immigration project approved by the Irish Naturalisation and Immigration Service (INIS). Applicants only need to invest €500,000 in Ireland, purchasing welfare housing projects that meet government requirements and renting them to the government. Investors and their families can simultaneously obtain long-term residency rights in Ireland, and if the investor meets the conditions, they can also obtain Irish citizenship and passport, with a full refund after five years. The long-term lease and actual ownership of the property by the Irish government serve as repayment guarantees, further reducing investment risks. Therefore, the Irish social welfare housing can be said to be an excellent European immigration project among various countries' investment immigration projects, characterized by low risk, high success rate, and fast application cycle, gaining recognition and favor from investors. For details on Irish immigration, please consult 400-138-2929.