Cafico International has an excellent reputation for delivering bespoke and cost-effective company management, corporate administration, compliance and financial reporting services. Our clients, which come from a wide spectrum of sectors such as finance, information and communications technology, life sciences and large conglomerate groups, include some of the world’s leading investment banks, as well as NYSE, NASDAQ, LSE and ISE listed companies.
We understand the complexity of international structuring projects and operating across borders. To ease your business expansion into a new jurisdiction, we provide compliance and governance expertise to ensure all of the entities that we manage and administer are maintained in good legal standing and are fully compliant with all local laws and applicable regulations.
Financial Reporting and Accounting Services
Financial Reporting and Accounting Services
Aircraft Leasing and Asset Finance Services
Aircraft Leasing and Asset Finance Services
A fully comprehensive, tailored suite of accounting, administration, lease and cash management services to operating lessors, manufacturers, airlines, banks and financial institutions.We have extensive experience in the provision of corporate services to SPVs used for the structuring of lease-in, lease-out (LILO) aviation transactions, securitisations and other forms of asset finance. Our clients include banks, airlines and aircraft lessors and lessees. We manage aircraft leases in SPVs around the world, working with a wide range of aircraft lessors, including both new entrants and established players.
Establishment & InfrastructureCompany formationDirectors and registered officeCompany secretarial servicesServiced officesSecondments
Cash ManagementBank account opening and maintenanceLease, loan and expense payment facilitationCash receipts monitoring and reportingReconciliations and query resolution
Accounting ServicesManagement accountsStatutory financial statementsFixed asset registerBudgeting, forecasting and cash flowsGroup reporting
TaxationCorporation tax computation and filingVAT compliance and statistical returnsPayroll tax complianceWithholding tax returns
Administration ServicesLease rentals invoicing and reportingReceivables management and reportingRate resets calculation and reportingPre-delivery payment, security deposit and maintenance reserve reconciliation and invoicingExecutive payroll services
Ancillary ServicesCape Town Registry and local aircraft registrationsSecurity and share trusteeFacility agentPaying agent and escrowProcess agencyKYC servicesFATCA reporting.
The Key TaxAdvantages of Ireland as an Intellectual Property LocationIncomefrom the exploitation of intellectual property where the portfolio of intellectual property is actively managed by an Irish resident company is taxable at the corporation tax rate that applies to trading income, 12.5%.Active management includes development, marketing and promotion and licensing of rights to third parties for the use of the intellectual property. A corporation tax rate of 25% applies to non-trading income.A ‘best in class’ Knowledge Development Box (KDB) was introduced by the Department of Finance in 2016. If a company qualifies for KDB, it may be entitled to a deduction equal to 50% of its qualifying profits. This means its qualifying profits may be taxed at an effective 6.25% rate. Tax relief is available for the capital expenditure incurred on intangible assets used for the purposes of a trade of the company. The tax write-off is available in line with the standard accounting treatment (companies must prepare accounts under IFRS or Irish GAAP) or, alternatively, companies can opt for a 15 year fixed write down of 7% per annum and 2% in the final year. This relief is available where the intangible asset is acquired from either a foreign affiliate in certain circumstances or a third party acquisition. (Relief is capped at 80% of trading income and there is a clawback of this relief where the intellectual property assets are sold within 10 years).Tax relief of up to 37.5% can be obtained on qualifying incremental research and development expenditure (R&D). A tax credit of 25% is available on qualifying research and development expenditure in excess of base year expenditure (2003), for companies establishing in Ireland after 31 December 2003 all qualifying R&D expenditure incurred should qualify for the R&D credit. The tax credit is in addition to the standard corporation tax deduction available at 12.5% for qualifying expenditure.There is no withholding tax on patent royalties paid to a foreign company which is resident in another EU Member State or country with which Ireland has a double taxation treaty in place.Where no tax treaty is in place unilateral relief for foreign tax suffered on royalties received from abroad is available.Exemptions can be availed of that allow dividends to be paid by an Irish resident company free from Dividend Withholding Tax including where the recipient is resident in an EU Member State or in a country where a double taxation treaty with Ireland is in place or to a company that is not resident in an EU Member State ordouble taxation treaty country but is controlled by a resident in an EU Member State or double taxation treaty country and where dividends are paid to a listed company.The Irish Government offers a range of financial support/grants for R&D carried out in Ireland.Cafico International provides the following services in assisting with IP migrationCompany incorporation servicesTax registration and administration servicesProcurement of professionally qualified resident directorsCompany secretarial services and the provision of a registered office or business addressDay to day management and administration servicesBespoke financial reporting and accounting servicesTreasury and cash management servicesBank account opening, reconciliation and administrationAssistance with R&D grant applications. DOWNLOAD IRELAND BROCHURE
Regarded as a key gateway to the European market consisting of over 500 million consumers, Luxembourg is an ideal location for furthering international expansion thanks to its central location within the EU. The conduction of business in Europe is perfectly facilitated by the high standard of infrastructure within the Grand Duchy of Luxembourg. This affords multinationals with an opportunity to take advantage of the free movement of goods that is guaranteed under EU law. It has been ranked 2nd in the world in terms of its global logistics capabilities.Another jewel in the crown of the Grand Duchy is its inclusive, multicultural society. This provides access to a very diverse, highly skilled and multilingual workforce. The accessibility in terms of communication and travel are key benefits to those looking to embark upon international expansion.Luxembourg is also commended as being one of the most digitalised countries in the world. Its outstanding digital infrastructure enables the fields of technology to thrive. With 28 international fibre routes to main European hubs in place, data communication is a key benefit to multinationals wishing to expand their technological endeavours.Investment in Luxembourg is further facilitated by a stable political climate, which enabled the Grand Duchy to weather the global economic crisis while maintaining a Triple A credit rating throughout the turmoil of crashing markets and credit crises.The Government of the Grand Duchy consistently pursue pro-active economic development policy. Emphasis is given to incentivising the fields of research and development and also to the diversification of the financial sector, in the interest of promoting a healthy and flourishing economy.The Grand Duchy has been recognised as the 3rd most globalised economy and the 11th overall most competitive. It should also be noted that Luxembourg avails of the lowest rates of VAT in the EU.DOWNLOAD LUXEMBOURG BROCHURE
Ireland and Luxembourg have well established reputations as attractive jurisdictions for the location of holding companies within multinational group structures. Some of the key reasons for the attractiveness of their tax regimes are their extensive network of double taxation treaties, their positions as onshore EU jurisdictions and the fact that they are members of the OECD.
Our Holding Company ServicesCompany incorporation servicesProcurement of professionally qualified resident directorsCompany secretarial services and provision of a registered officeManagement and administration servicesFinancial reporting and accounting servicesTreasury and cash management servicesBank account reconciliation and administration
The Key Advantages of Locating a Holding Company in IrelandDividend income received from an EU Member State or from a country with which Ireland has a double taxation treaty that is derived from trading activities is taxed at a corporation tax rate of 12.5%. Corporation tax at a rate of 25% applies to foreign dividends from other companies or from non-trading profitsThe Irish holding company regime allows for a capital gains tax exemption on the disposal of qualifying shareholdings (minimum 5% shareholding) in companies resident in an EU Member State or in a country where a double taxation treaty with Ireland is in placeWhere no double tax treaty is in force, Ireland provides for unilateral credit relief for foreign withholding tax and underlying taxes on dividends paid to an Irish resident company which can be utilised to minimise or eliminate Irish tax on dividend incomeExemptions can be availed of that allow dividends to be paid by an Irish resident holding company free from Dividend Withholding Tax including where the recipient is resident in an EU Member State/Double Tax Treaty Country or to a company that is not resident in an EU Member State/Double Tax Treaty Country but is controlled by a resident in an EU Member State/Double Tax Treaty CountryInterest withholding tax does not apply to interest paid to a resident in an EU Member State or to a country with which Ireland has a double taxation treatyInterest withholding tax does not apply to interest paid on listed bonds or interest paid on commercial paperDouble taxation treaties and/or favourable domestic legislation can minimise withholding tax payable on royalties receivedIreland has no controlled foreign corporation or thin capitalisation rulesIreland has no capital duty or net wealth taxesFunding costs may be tax deductible
The Key Advantages of Locating a Holding Company in LuxembourgLimited or no withholding tax on dividends paid to a company resident of a country that has a double tax treaty with Luxembourg, under certain conditionsNo withholding tax on dividends paid between the Luxembourg company and other EU resident companies, under certain conditionsNo withholding tax on the liquidation process of a holding companyPossibility of offsetting financial charges such as capital losses on disposal of shareholdings, acquisition of shareholdings in respect of taxable activities and, under certain conditions, foreign tax credits against profits made from other activities subject of taxationFlexible thin capitalisation rules and possibility of VAT registrationReceived dividends and capital gains on disposal of shareholding are exempt from taxation under certain conditions