Binance has registered a fourth company in Ireland

The head of the exchange noted that the country is attractive with a small tax rate

25.11.2021 - 13:10

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What’s new? Binance is completing a decentralized business scheme and moving to its headquarters. Changpeng Zhao, the founder, and CEO of Binance stated that the exchange has chosen Ireland as the location for its headquarters, registering its fourth company there. This is reported by the Irish Independent.

Information on the Irish Independent portal

What do the country's authorities say? Paschal Donohoe, the Irish finance minister, said the country attracted three times more corporate investment in 2017 than the rest of Europe combined. The country has gained popularity due to low taxes. However, in October, the government decided to raise the rate for large multinationals in Dublin by 15%. Donohoe added:

“The Government is committed to attracting multinationals, but we are also very conscious of the need for Ireland to remain a competitive location for investment. The changes to be announced later will ensure that companies investing in Ireland continue to benefit from our favorable tax environment.”

What events preceded it? In September, Binance had already established three firms in the country namely Binance (APAC) Holdings, Binance (Service) Holdings, and Binance Technologies. The name of the new company is Binance Exchange (Ie).

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