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Ireland

Ireland: Business Overview

About Ireland

Ireland, an island nation situated in the North Atlantic, is renowned for its lush, rolling landscapes, rich cultural heritage, and deep historical significance. Often referred to as the "Emerald Isle," Ireland boasts a unique blend of ancient traditions and modern advancements. It operates as a parliamentary democracy, with a stable political system that supports economic growth and innovation. As a committed member of the European Union, Ireland benefits from access to a large and diverse market, facilitating trade and investment opportunities. 

Major Cities and Financial Hubs

Dublin, the capital city, is a major financial and technological hub, hosting the European headquarters of many multinational companies such as Google, Facebook, and Microsoft. Cork is known for its strong pharmaceutical and technology sectors, and is home to many leading global companies. Galway is a growing tech and medical devices hub, combining a vibrant cultural scene with business innovation. Limerick is emerging as a significant player in technology and education, supporting a thriving business environment.

Infrastructure and Connectivity

Ireland offers excellent infrastructure, with well-developed transport networks including modern highways, rail systems, and international airports in Dublin, Cork, Shannon, and Knock. The country's ports facilitate significant maritime trade, enhancing its role as a gateway to Europe. Ireland also boasts advanced telecommunications infrastructure, providing high-speed internet and robust digital connectivity, essential for modern businesses. Additionally, the government's continued investment in infrastructure development ensures that Ireland remains a competitive and attractive destination for international business operations.

Economic and International Relations

reland boasts a highly developed and open economy, with a focus on technology, pharmaceuticals, and financial services. It has a pro-business environment, characterized by low corporate tax rates and extensive support for innovation and entrepreneurship. Ireland maintains strong international relations, being an active member of the EU, OECD, and WTO, and has a network of double taxation treaties with over 70 countries, enhancing its attractiveness for foreign direct investment (FDI).

Language and Legal System

The official languages of Ireland are Irish (Gaelic) and English, with English being the predominant language used in business and daily life. Ireland's legal system is based on common law, similar to the UK, ensuring a stable and predictable legal environment for businesses. The legal framework supports robust protection of intellectual property rights, contract enforcement, and dispute resolution.

Business Environment and Regulations

Ireland's business environment is characterized by its ease of doing business, competitive tax regime, and supportive regulatory framework. The corporate tax rate is 12.5% for trading income, one of the lowest in the EU. The country offers various incentives for R&D and innovation, including tax credits and grants. The regulatory framework is transparent and business-friendly, with efficient processes for company registration, licensing, and compliance. Enterprise Ireland and local enterprise offices provide extensive support to startups and SMEs, fostering a dynamic entrepreneurial ecosystem.

How Can We Help You Establish and Operate in Ireland

Jürgen Astor is your trusted partner for establishing and operating your business in Ireland. With our deep expertise in the region and comprehensive service offerings, we simplify the process of setting up and managing your business in Ireland.

Our Services Include:

  • Business Setup in Gibraltar

  • Corporate Services in Gibraltar

  • Accounting and Bookkeeping Services in Gibraltar

  • TAX and VAT Advisory in the Gibraltar

  • HR and Payroll Management in Gibraltar

  • IT and Digital Solutions in Gibraltar

  • Legal and Compliance inGibraltar

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Investments Opportunities
and Key Sectors:

  • Technology and Innovation: Ireland is a global hub for technology companies, with many major tech firms establishing their European headquarters here. The government's support for R&D and innovation drives growth in this sector.

  • Financial Services: Dublin is a leading financial center, hosting numerous banks, insurance companies, and asset management firms. The country's strong regulatory framework and skilled workforce make it a prime location for financial services.

  • Pharmaceuticals and Life Sciences: Ireland's thriving pharmaceuticals and life sciences industry hosts many multinational companies. The country is known for its high-quality manufacturing standards and advanced research capabilities.

  • Renewable Energy: Ireland offers investment opportunities in renewable energy, particularly wind and solar power, with the government setting ambitious targets for reducing carbon emissions and increasing renewable energy production.

  • Tourism and Hospitality: Ireland's tourism sector significantly contributes to the economy, with investment opportunities in hospitality, leisure, and related infrastructure due to the country's popularity as a travel destination.

  • Agriculture and Food Production: The agriculture sector plays a vital role in Ireland's economy, known for its high-quality food products and sustainable farming practices.

Tax Advantages
and Incentives:

  • Corporate Tax Rate: Ireland offers a low corporate tax rate of 12.5%, making it an attractive destination for international businesses.

  • R&D Tax Credits: Companies can benefit from a 25% tax credit on qualifying R&D expenditures, promoting innovation.

  • Knowledge Development Box (KDB): The KDB provides a reduced tax rate of 6.25% on profits from qualifying intellectual property assets.

  • Double Taxation Treaties: Ireland has agreements with over 70 countries, reducing the tax burden on international businesses.

  • Capital Allowances: Businesses can avail tax relief on investments in plant and machinery.

  • Employment Incentives: Various schemes provide tax relief for investors in small and medium-sized enterprises.

  • Holding Company Regime: Ireland's regime offers tax exemptions on foreign dividends and capital gains from qualifying shareholdings.

Why Choose Us?

Expertise in Irish Market: Extensive knowledge of the Irish market and  regulatory environment, providing you with expert guidance.

Efficiency in Business Setup: We are streamlining the business setup process in Ireland reducing time and effort, so you can focus on growing your business.

Customised Solutions: We offer tailored solutions to meet the unique needs of your business, ensuring optimal results.

Continuous Support: From initial setup to ongoing operations, we provide continuous support to help your business thrive in Ireland.

Frequently Asked Questions:

What are the requirements for setting up a business in Ireland?

Can foreign nationals start a business in Ireland?

How long does it take to set up a company in Ireland?

What are the tax obligations for businesses in Ireland?

Do I need a business address in Ireland?

Are there grants or incentives for new businesses in Ireland?

What are the main legal requirements for businesses in Ireland?

How is VAT applied to businesses in Ireland?

Start Your Journey

We’re here to assist you. Click the button below to complete our contact form, and our team will get back to you promptly.

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