Great places to set up a business: Ireland
Ireland is one of the leading places to set up a business in Europe according to AdamsLaw.ie.
International businesses are always looking for ways to save money so they can grow. Sometimes, red tape, bureaucracy, cultural differences and choosing the wrong location can impact their ability to do business in other countries.
Ireland’s economy is very advanced.
The service sector, science and high-tech industries, finance, foodstuffs and animal products are all areas of particular emphasis. The country is welcoming to imports and exports with a highly favourable regulatory climate.
Innovation
Ireland is a hotbed for innovation, having ranked among the top 20 in the world on the Global Innovation Index for several years running.
Pro-business atmosphere
The Irish government has long been pro-business. The country fosters new company growth and has a dynamic start-up community. There are almost 250,000 Small Medium and Enterprises in Ireland.
Tax and administrative costs
Ireland boasts one of Europe’s most efficient tax systems. Not only is corporate tax 12.5 percent, but a 25 percent bonus credit is available to firms for qualifying R&D activities. In addition, IP assets such as patents and registered designs, trademarks and brand names are eligible for additional tax benefits.
Culture
People are welcome. You’ll discover the people are friendly and quick-witted, as well as hard-working and forward-thinking, with plenty of customs, traditions, and superstitions.
Why are foreign businesses attracted to Ireland?
Ireland is a European center of operations for over 1,000 major multinational firms, including Google, Apple, HP and IBM. So if you’re looking to open an overseas branch or subsidiary, Ireland may be the ideal location to start.
Why do international businesses choose Ireland as a location for new investment?
Ireland has a welcoming attitude toward global business, according to Enterprise.gov.ie, which states that “Ireland welcomes international trade and investment in education and skills, membership of the European Union, a competitive, consistent and transparent business tax system, as well as the establishment of an atmosphere where people want to live and work.”
Ireland offers several attractive investment incentives, including the following: a low 12.5 percent corporation tax rate on trading income and generous research and development tax credits. – A large variety of government assistance available to businesses – Ireland was also ranked 24th in the World Bank’s “ease of doing business” index.
Thriving Economy
Ireland has been doing well economically in the past two years. It is one of the fastest-growing economies in Europe.
Highly skilled workforce
Ireland has a highly skilled workforce that is both youthful and multinational. We are a magnet for foreign businesses, attracted by the country’s fast-growing pro-business culture and well-educated, English-speaking workers. Ireland has the youngest population in Europe, with over 35,000 international students enrolled. The Irish government has established several programs to help Ireland move closer to becoming a global technology skills leader.
Great location for business
Ireland is the only English-speaking country in the Euro currency zone. This gives businesses access to 500 million consumers without worrying about exchange rates. This is a huge opportunity for businesses looking to do trade with Europe and beyond.
Dublin, the capital of Ireland, is a city with many attractions. It is becoming more and more popular, especially with international students and business graduates. Dublin is known for being like “Silicon Valley” in Europe.