Ireland develops numerous types of business activities for rental or leasing purposes. Investors who want to open a company in Ireland in this sector may set up their activities in aicraft leasing operations or may start a business related to the rental and leasing of properties (land included). At the same time, a developed field of activity is the rental of vehicles.
Corporate entities providing this type of services will need special permits and licenses, while in the case of natural persons leasing land in Ireland (land for farming activities, for example) other regulations are imposed. The latter may also obtain a tax relief on the income tax, as long as the land is leased for a period of minimum five years. Our team of consultants in Ireland company formation can advise on special procedures that should be completed for such businesses.
Renting vehicles in Ireland
A popular business amongst those registered for rental and leasing activities is the rental of vehicles (cars, motorcycles, vans, vehicles for persons with reduced mobility).
Investors interested to start the procedure of Irish company formation performing this activity may increase their business opportunities if they set up their business near an airport or in large cities, as these locations offer the highest rate of customers.
In Ireland, most of the owners of a car rental business will not conclude a contract with a person below 25 years old and this is also available for renting motorcycles. In the case of the drivers with an age above 75, special requirements will be imposed. When renting a van, the driver is required to have a driver’s license for at least eight years. Our team of specialists in company registration can provide further details on this type of activity.
Leasing activities for aircrafts – detailed by our Ireland company formation team
Leasing in Ireland is highly developed for aircraft activities. Leasing refers to the legal procedure through which a lessor (the owner of a specific asset) grants a lessee the right to own the respective asset for a specific period of time. In return, the lessee is required to perform lease payments to the lessor.
In Ireland, Dublin is the top center for leasing activities in this industry and it is important to know that the country has attracted 14 of the top 15 aircraft lessors, most of them setting their headquarters in the Irish capital city.
Investors interested in registering a business in this sector are invited to contact our Ireland company formation representatives for in-depth assistance regarding the incorporation of a rental and leasing company in Ireland.