Ireland can be characterized as a mid-shore tax jurisdiction, meaning that it allows non-resident companies to register in the country, providing them with a lower tax rate and allowing them to create banking accounts anywhere in the world.
Unlike classic offshore jurisdictions, mid-shore jurisdictions adhere to all international standards on tax transparency while also offering a favorable, more interchangeable tax rate.
When forming a company, it is important to consider where you want to register that company. Specifically, whether you want to stay onshore or go offshore or mid-shore. Offshore, onshore, and mid-shore refer to different kinds of jurisdictions in which you can register a company.