Expanding a Business in Ireland
Ireland Business Experts
Ireland related forum posts
Hello I have been trying to get a loan for some time now. due to the large sum amount of the money to expand my business in Finland but i was unable to get a loan because to my credit score All other corporation/bank turned me down. Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay, So i am using this opportuni
Total Posts: 1 Last post by egarinc-us
Hello I have been trying to get a loan for some time now due to the large sum amount of the money to expand my business in Finland but i was unable to get a loan due to my credit score All other corporation/bank turned me down. Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay, So i am using this opportunity to
Total Posts: 1 Last post by egarinc-us
Ireland Entering the Market
The well known saying, the luck of the Irish, refers to an ability to prosper against adversity. Economically, Ireland has avoided tribulation in recent times but it doesn't mean that the Irish haven't prospered. Seamus Healey, James Joyce, U2, Riverdance and the small matter of St Patricks Day, are testament to Ireland's cultural prowess and the Irish pub is a symbol of warmth and hospitality across the world. Ireland's centuries of history and ancient beauty is complimented by a youthful and cosmopolitan population, with modern economic tendencies. As with most stories of success, there is more than just luck involved in Ireland's prosperity.
Why Expand to Ireland?
Ireland has the youngest workforce in Europe with 36% of the population under the age of 25. With Irish government aiming to double the number of PhDs by 2013, it is committed to providing high levels of research excellence as it looks to maintain its knowledge-based economy. Low corporate tax and a pro-business attitude have seen Ireland emerge as an attractive investment centre for overseas businesses and Irish government actively promote collaboration between industry and academia. With financial incentives in the form of tax credits for investors and good infrastructure, Ireland has a thriving economy. Licensing or incorporting a business in Ireland are also valuable options.
Main Industrial Growth areas
- Transport - With Ireland looking to develop its transport system over the period upto 2015, projects to develop Dublins Metro, upgrade the M50 motorway and develop various park and ride facilities, are among the projects in the ambitious Transport 21 project.
- Environment - Ireland is spending over 4 billion euro on environmental projects to meet EU regulations. Objectives include sustainability, combating climate change and improving water facilities, including drinking water.
- Construction - Through its National Development Plan, Ireland has pledged 184 billion euro in its largest ever investment programme. With 7.62 billion euro pledged for Social Housing and over 5 billion euro budgeted for national roads, a number of investment opportunities exist.
- Food and Drink - Ireland is the UKs largest export market for food and drinks products. Opportunities exist across the sector, with specialist goods, such as organic produce, a particularly strong area.
- Healthcare - The Health Executive has an annual budget if 14.7 billion euro. Investment opportunities exist across the board, in areas ranging from pharmaceuticals to supply chain management.
- Energy - Ireland is pursuing a policy of deregulation in its energy industry, as it looks to create more competition for consumers and create a more sustainable and reliable way of providing energy to its customers. Licences for the provision of energy are available on an equitable basis as the government looks to develop a more sophisticated and efficient market.
Challenges foreign companies face
There are few obstacles for UK businesses looking to set up a business in Ireland. With Ireland a member of the EU and Irish business laws and regulations similar to those in the UK, Ireland is one of the easier countries to expand into. Consider also licensing or incorporating a business in Ireland.
Organisations that can assist with Entering the Market
Profincom LTD is a professional business consulting boutique firm, based in Dublin, Ireland, specialising in Irish companies set up and administration, secretarial, financial and accounting services for both institutional and individual clients.
Do you need advice from an expert in your field, on the ground? Need help finding the best route to market for your product or service?
When expanding your business to Ireland, donít forget to protect your brand. We provide Trademark Registration Services in Ireland and in the entire European Union.
Need to register a company or setting up a company?
Simplified Global Payroll Managing payroll in multiple countries is complicated with different systems, deadlines, and languages in each country, lack of reporting, and constantly changing laws and regulations. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, customized aggregated monthly reporting, and a hybrid service model in 150+ countries around the world.
We are a specialist tax and accountancy firm for overseas companies seeking to set up a business or company in Ireland.
PEO Worldwide is an international PEO offering employer of record, payroll, employee benefits management, HR and compliance services throughout the world.