(Part 1 of the Doing Business in Ireland series)
Ireland has long been an attractive proposition for overseas businesses looking to start a business. As a result, today there are over 1,000 well-known and emerging global companies from a wide range of business activities and sectors located in Ireland including 9 of the top 10 global ICT companies and 8 of the top 10 global pharmaceutical companies. Moreover, Brexit has also played a significant role with Dublin pipping Frankfurt at the post to take the top spot for most popular “Brexodus” destination in Europe.
What makes Ireland attractive is a combination of factors underpinned by the positive approach of successive Irish Governments to attracting overseas business. Through membership of the European Union (EU), Ireland offers foreign business access to a trading area that is second only to the U.S. in terms of GDP. Not only that, Ireland has a very favourable corporate tax rate (12.5%) and a highly educated, skilled and flexible workforce. The combination of all these factors with our “can-do” approach to the complexities of international business, offer foreign companies a package that ticks all the boxes.
The following checklist provides a very useful starting point when considering whether to set up a company in Ireland:
Our track record in the provision of international business services stretches back to 1997 when we started working with international companies setting up their business in Ireland and Irish companies expanding abroad – if you need advice with setting up a business in Ireland, get in touch and we’ll be happy to help.
Of course, another important factor to consider is the quality of life Ireland offers. Well, Ireland performs pretty well according to the OECD Better Life Index – you can see the index here:
It rains a bit…but, as a wise man once said:
‘There’s no such thing as bad weather, only inappropriate clothing.’