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Why Expand Into Ireland
The UK and Ireland have always enjoyed long standing trading links. Therefore, it is unsurprising to note that the Office of National Statistics reports Ireland as the 5th largest customer for British exports and Britain as the 2nd largest customer for Irish exports.
Both
countries maintain a special working relationship based on close
geographical proximity and economic cooperation. Regardless of any
Brexit deal ultimately agreed, the strong relationship between both
nations will always remain in place. There are a wide range of factors which make Ireland so attractive
for companies reviewing their international expansion plans or looking
to relocate their operations. As most of you reading this will be aware, Ireland is the only EU
country with a land border with the UK. It is also the only other
English speaking country in the EU. Ireland has extensive transport connections to mainland Europe and
the rest of the world with regular international flights to and from
Dublin, Cork, Shannon and Knock airports. Travel to the United States is particularly business friendly from
Ireland, Dublin and Shannon Airports being the only airports in Europe
to offer US Pre-Clearance facilities. Ireland boasts a highly educated, young workforce. Almost a third of
the Irish workforce is currently under the age of 25. Ireland also
ranks in the top ten globally for both the quality of its education
system and the transfer of knowledge between universities and companies.
Over 30% of third level students are enrolled in STEM courses (Science,
Technology, Engineering and Maths) whilst another 25% are enrolled in
social sciences, business or law courses. Ireland has a competitive corporate tax system incorporating a 12.5%
corporate tax rate for Irish resident trading companies. Ireland also
offers a 25% tax credit on all qualifying research and development
activity in addition to an attractive Knowledge Development Box rate of
6.25% for qualifying companies that develop patents and other qualifying
IP from Ireland. Forbes latest ‘Best Countries For Business’ list sees Ireland
comfortably in the top 15 with the highest GDP growth of the top 50
countries. Ireland has successfully attracted a significant number of
multinational corporations resulting in it becoming a top location for
business and one that is respected worldwide. For example, Ireland is
home to: It is anticipated that increasing numbers of companies will establish
a presence in Ireland in the coming years in support and expansion of
their operations. In keeping with recent trends, organisations globally
may focus on Ireland as a growing but established market for doing
business. Most SMEs expanding into Ireland set up private limited companies to
facilitate their business requirements. Such companies will have various
compliance, commercial and other considerations including:- Incorporating an Irish private limited company can take as little as 3-5 working days. With a young, educated workforce, an attractive tax regime and a
particular specialism in high growth industries, Ireland is the ideal
location to meet your international expansion plans. Additionally, the unique relationship between Britain and Ireland
combined with the ease of doing business in Ireland provides for a
seamless post-Brexit planning or business expansion solution. SMART MBS has a global reach and many decades ofexperience in the
area of international business growth. Ireland offers many unique
benefits,including modest tax rates, a strong intellectual property
(IP) regime, a highly educated workforce and anoutstanding location
within the Euro currency zone. SMART MBS can provide a cost efficient, turnkey
solution, tailored to your specific business needs. With a
professionally qualified team across a multitude of disciplines
including lawyers, accountants, tax specialists, chartered secretaries
and other relevant professionals.Ireland Benefits Your Business
Geographical Location
Educated Workforce
Competitive Tax System
International Ranking
Multinational Expansion
Establishing in Ireland
Choose Ireland
Choose SMART MBS