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Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
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Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
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Business Risk Services
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
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Deal Advisory
Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
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Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
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Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
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Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
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Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic solutions.
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Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
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Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
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Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
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Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
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Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
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Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
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Indirect Tax Advisory & Compliance
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
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International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
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Private Client
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
The Irish financial services environment is conducive to companies operating in the Fintech space. The BigTech community is established and thriving, the availability of skills and expertise is in abundance and the location of the island of Ireland geographically offers a gateway to Europe and further.
Ireland offers many benefits to Fintech businesses. In addition to the country’s geographical location, the availability of the right skills and expertise, and Ireland’s track record, the Irish tax system offers valuable reliefs to Fintech businesses.
The Irish tax system
In addition to the competitive corporation tax rate of 12.5%, valuable tax incentives are available under the Irish tax system:
- The Research and Development (R&D) Tax Credit aims to incentivise technology companies to move to Ireland, and Irish companies already established to carry out or fund the carrying out of R&D activities by universities, in the EEA. This includes expenditure on scientific research or plant and machinery that is used wholly and exclusively for R&D activities.
- The Intangible Assets Regime allows for favourable capital allowances to be claimed on ‘specified intangible assets’ such as patents, trademarks, brand names and certain goodwill. Such capital allowances reduce the profits of the company subject to tax.
- The Knowledge Development Box (KDB) grants a deduction of 50% of qualifying profits when calculating the tax, resulting in an effective tax rate of 6.25%. Qualifying profits means profits earned by the company through its intellectual Property (IP) assets (such as patents, copyrighted software) developed as a result of R&D activities.
- Ireland also has a comprehensive double tax treaty network, currently there are agreements with 74 countries of which 73 are in effect. A double tax treaty essentially provides relief from the international double taxation of income and gains. Where Ireland does not have a double tax treaty with a particular country or jurisdiction or a treaty does not cover a particular tax, Irish tax law provides unilateral relief against double taxation in respect of certain types of income and gains.
Challenges
This thriving community also brings with it some challenges. The emergence of BigTech companies into the financial services sector and the growth and advancements in technology means evolving legal and regulatory requirements.
With the support and advice from the specialist team at Grant Thornton such challenges can be managed and the benefits of locating your Fintech business in Ireland can be realised.
Why Grant Thornton?
Grant Thornton supports Financial Services companies and businesses who are looking to innovate in products and services and to new companies looking to update their business with the use of Fintech.
We bring cross functional, dynamic teams with the expertise and know how to identify the right opportunities and to build the best framework. We provide advice and information on products embedded with machine learning, artificial intelligence, distributed ledger technology, blockchain, digitalisation, cryptocurrency, cybersecurity and risk management.
In particular, our specialist financial services tax and advisory teams can advise on company and tax registrations in Ireland, how to qualify for, and claim, the valuable Irish tax incentives.