"Non-trading" income includes investment income; rental income; and income from mining activities, petroleum activities, and dealing in land.
Successfully demonstrate the presence of the following in Ireland:
Additional Benefits --
If you can demonstrate these things, you will more easily -- and more swiftly -- obtain VAT registration and a bank account.
For many years companies were able to set up in Ireland and only able to demonstrate a few, if any, of these things; but we have seen the Revenue become much more stringent in reviewing tax registration documents -- and requiring more and more information and documentation -- from companies with non-resident directors, especially.
Existing Irish Companies --
If you cannot strongly demonstrate tax residency and appropriate activity in Ireland you are more likely to be selected for a Revenue Audit and/or may have your tax registration revoked.
To read more about Irish Tax Incentives for Businesses, download our Infographic: