Set Up a Company in Ireland |
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Investors who choose to set up a company in Ireland can benefit from its outward-looking policy towards foreign investment and the relative ease with which business is done in the country. The following information is aimed at investors planning to set up a company in Ireland. |
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Several US-headquartered companies have chosen to set up a company in Ireland as a European base. |
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The Irish government actively encourages foreign investment in the country. To set up a company in Ireland, foreign investment needs no approval, unless the company is applying for incentives. There are no restrictions or barriers on current transfers, repatriation of profits, or access to foreign exchange. |
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Ireland has the lowest corporate tax rate in Europe, at 12.5%. |
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According to the government-run Industrial Development Agency (IDA), Ireland's gross domestic product (GDP) for the year 2009 as a whole indicate that the GDP was 7.1 % lower than in 2008. Bank of Ireland suggests that the economy may grow in the second half of 2010 but could be marginally negative for the year as a whole. |
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According to a World Bank's Doing Business survey, Ireland is one of the easiest places in the world to do business. This includes the ease with which an investor can set up a company in Ireland, dealing with licences, hiring staff, registering property and getting credit. |
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Ireland is a member of the Organisation for Economic Cooperation and Development (OECD). Follow this link for recent articles about Ireland published by the OECD. |
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Investors planning to set up a company in Ireland should note that the country is perceived as the 19th least corrupt country in the world, according to the 2011 corruption rankings of Transparency International. |
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Investors planning to set up a company in Ireland and relocate there should note that Ireland has been voted the best place to live in the world in a 'quality of life' assessment by the Economist magazine. To view a media article on this topic, please follow this webpage. |
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10. |
Ireland has signed double taxation treaties with 48 countries around the world, including most of the world's leading economies, providing significant tax benefits to those who set up a company in Ireland. |
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11. |
Healy Consultants can arrange a tailored orientation programme in Ireland for investors planning to set up a company in Ireland. Our orientation programmes typically include familiarization tours of key points of business interest in the country, industrial parks and free zones, as well as government ministries and other useful services such as banks etc. |
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Setting up the correct corporate structure is key and Healy Consultants can advise on and engineer a structure to meet your exact needs. Kindly visit Ireland company formation for further information. |
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One of the keys to successfully investing in Ireland is developing a reliable network of business contacts and service suppliers. Subject to their agreement, Healy Consultants can provide introductions to key businesspeople in Ireland. |
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Opening a corporate bank account is crucial to support the activities of entrepreneurs who have set up a company in Ireland. Healy Consultants can assist in opening a corporate bank account either in Ireland or in another jurisdiction, according to your needs. |
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For entrepreneurs planning to move to Ireland to oversee their investments, Healy Consultants can assist with all aspects of the move. Services include: |
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| i) | Obtaining Irish employment and residence visas for the (non-EU) investor and his/her family; | ||||||||||||||
| ii) | Irish employment and residence visas for non-EU staff; | ||||||||||||||
| iii) | Introductions to banks in Ireland or internationally for mortgages, personal bank accounts etc; | ||||||||||||||
| iv) | Introductions to real estate agents in Ireland; | ||||||||||||||
| v) | Assistance with locating a suitable school in Ireland for our client's family. | ||||||||||||||
16. |
Following company set up, entrepreneurs investing in Ireland can avail of a range of incentives, including: |
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| i) | The R&D Capability Grant Scheme - organisations investing in Ireland can receive contributions from the Industrial Development Agency (IDA) towards the capital costs of establishing a research & development (R&D) unit. |
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| ii) | The Innovation Partnership Initiative - manufacturing, processing and research companies are able to undertake collaborative projects with Irish Universities and Institutes of Technology. |
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| iii) | Research Technology & Innovation (RTI) -investors who have set up a company in Ireland can receive up to 650,000 Euros (US$830,000) from Enterprise Ireland to develop their R&D projects. |
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| iv) | EU Framework Programme - this programme offers Companies the opportunity to collaborate with leading European researchers and research organisations. See this link for more information on the EU Framework Programme. |
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Other support services provided by Healy Consultants to support investors who have set up a company in Ireland include accounting and taxation services, Virtual Office services, human resource support, marketing services, assistance with obtaining corporate finance, IT Support services and real estate purchase. |
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| Contact Us | |||||||||||||||
For additional information on how to set up a company in Ireland, how to invest in Ireland and how to form a coherent Ireland tax planning strategy, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
