Investing Money in Ireland after selling Business abroad

investO

Good Evening,
I would like to begin by giving a little history about myself. I moved and started a Business abroad 4 years ago and I sold half last year and will be selling the other half at the begining of 2017. This will give me 1,700.000 M to invest. I wont be keeping any share in the company as I will be leaving the country.

I own 10 acres of land. I don't own a house. I have 200,000 in savings. I have a wife and no child
I would like to establish a Venture Capitalist. I would like to work as an investor investing in many different business and ideas and property.
What type of business do I need to set up? Do I need any special certs to manage my own money. I like the current 12% company tax in Ireland however does it make sense to set up that business
I am looking 
65% property with leveraged loan 
20% Blue chip Shares/ G Bonds
3% Up and coming Tennis player sponsorship
12% Start ups/ Buy outs 

This is a new adventure so please feel free to comment

CIARAN_BOYLE

Just some things for you to look up. Good luck.

Closed Company surcharge on estate and investment income

Real Estate Investment Trust

Francie Barrett

For such a significant amount of money, I really think you need independent financial advice. The only other thing I would say is that putting 65% of your wealth into leveraged property sounds too high.

ixus

Talk to a tax specialist before a financial advisor and before you bring any money back to Ireland. They will help you operate in most efficient way. You don't want to lose a chunk of that to the tax man or fall on the wrong side of Revenue by being poorly informed.

investO

ixus wrote: »

Talk to a tax specialist before a financial advisor   and before you bring any money back to Ireland. They will help you operate in most efficient way.  You don't want to lose a chunk of that to the tax man or fall on the wrong side of Revenue by being poorly informed.

Yes, Thank you. I will be paying the tax in the country I am resident which is also the country the sale is happening.  I will speak with an Irish tax advisor

Duckett

I suggest you talk to the Growth capital team at Enterprise Ireland. They work with the key VC's here and privates who are seeking out investment opportunities in new emerging companies (excluding property of course). I also suggest you speak to HBAN. As advised earlier do get yourself the necessary tax advice.

investO

Duckett wrote: »

I suggest you talk to the Growth capital team at Enterprise Ireland. They work with the key VC's here and privates who are seeking out investment opportunities in new emerging companies (excluding property of course). I also suggest you speak to HBAN. As advised earlier do get yourself the necessary tax advice.

Will look them up. Thanks.

investO

I was thinking about getting a normal job instead of becoming a full time investor or does it make more sense to set up a investment company?

An Example If I was to buy 50% of two pet food businesses by investing 20,000 into each. And each year the companies had a dividends of 6,000 euros return. I would have to pay 20% tax on each 6,000, whereby If I set up a private investment fund I would only pay 12.5% tax? 
I know if i reinvest  the 12,000 back into both companies every I do not pay tax until I withdraw the money I would get compound interest. 
Or have I missed a trick?

ixus

You need to find a better resource than this forum for tax advice but:

The company pays 12.5%. If the company pays you, you then pay income tax. Double taxation. You can build up capital in the company to something meaningful by reinvesting and drawing a low salary. There are tax efficient ways of disposing of assets like through pensions, your age (retiring), paying a low cgt as an entrepreneur (a new one).

My initial reaction though is, if you are making at least 1.7mln pretax profit, why are you bothered investing 20k for 50%? Returns would be minimal and the time you might put into itwouldn't make sense.

investO

ixus wrote: »

You need to find a better resource than this forum for tax advice but:

The company pays 12.5%. If the company pays you, you then pay income tax. Double taxation. You can build up capital in the company to something meaningful by reinvesting and drawing a low salary. There are tax efficient ways of disposing of assets like through pensions, your age (retiring), paying a low cgt as an entrepreneur (a new one).

My initial reaction though is, if you are making at least 1.7mln pretax profit, why are you bothered investing 20k for 50%? Returns would be minimal and the time you might put into itwouldn't make sense.

Yeah, I found a great tax consultant accountant in my  local area in Ireland. One of the best in Ireland with free visit to discuss every tax issue under the Sun. I will speak with him.