Small and medium sized companies (SMEs) in Ireland declared that the they registered positive business results in the last year. The representatives of Irish companies mentioned that their business activities developed, regardless of the negative effects that resulted as a consequence of the United Kingdon’s exit from the European Union, known as Brexit. It is important to know that 62% of the of the participants of a study revealed a positive business outlook for their current activities. Our team of Irish lawyers can offer legal assistance on how to start a SME in Ireland.
Start-up businesses in Ireland are sustained through numerous financing options, available for investors who are starting their first small company. Ireland provides various grants and loans offering attractive conditions for the applicants. Those who want to start a company in Ireland can access such funding options provided that certain conditions are met and our team of Irish lawyers can assist businessmen with details on the requirements that have to be completed in the process.
Debt collection refers to the legal procedures through which a natural person or a legal entity can recover a sum of money from another party. Under the regulations of the European Account Preservation Order (EAPO), the rules related to the debt collection procedures have been changed. The modification of the law became applicable starting with 18 January 2017. Our team of Irish lawyers can offer legal advice on the new rules available under the EAPO.
The houses which were bought after 2013 are exempt of the property tax. Foreign natural persons buying property in Ireland should know that all property bought from developers or builders are exempt from paying the property tax. Our team of Irish lawyers can offer legal assistance on the regulations related to property purchases in Ireland. It is important to know that, prior to starting the transaction itself, the respective property should undergo due diligence procedures, which will be performed by local specialists who will establish if the respective property is sold with various flaws which are not stated in the property’s documents.
Ireland's unemployment rate decreased to a new low value, set up at 7,5%. According to the data provided by the Central Statistics Office (CSO), the number of unemployed persons in Ireland is now situated at 164,400. In the last 12 months (measured at the level of October 2016), 34,200 persons managed to find a job in Ireland. Investors who are interested in employing personnel for their Irish companies are advised to study the employment regulations applicable here. Our team of Irish lawyers can provide legal assistance on this matter.
Ireland is known as a developed country, which offers one of the most attractive business environments. Foreign investors are interested in setting up a company in Ireland due to its corporate taxation system, its investment policies and high skilled workforce. Another good news related to Ireland is that the wealth of the Irish population is increasing, showing that the local economy is further developing. Our Irish lawyers can offer assistance on the main legal aspects related to the Irish business environment.
With a population of less than five million inhabitants, Ireland is the best small country in the world for doing businesses. Ireland received this title in 2015 and it maintained this status throughout 2016. The country was mentioned as the best small country for business purposes in the IMB 2014 Global Location Trends report, but it is important to know that other studies revealed similar results. Businessmen who are interested in registering a company in Ireland can have very good business prospects here, due to the fact that the country provides relevant incentives and one of the most advantageous taxation systems. Our Irish lawyers can assist investors with more details on this subject.
The tourism industry in Ireland is one of the beneficiaries of the Irish Budget 2017. The local authorities have announced that the Value Added Tax (VAT) for this industry will be further on applied at the rate of 9%. The decision taken by the Irish authorities was saluted by the Irish Tourist Industry Confederation (ITIC). The institution announced that rate will maintain the industry as a competitive sector, especially under the effects of the Brexit results. Businessmen who want to start a company in Ireland can receive legal assistance on the legislation applicable to tourism operators from our Irish lawyers.
The Irish government has recently released the main provisions of the Budget 2017, which provides many tax cuts available for both natural persons and legal entities. Also, the Budget 2017 provides many positive aspects in terms of investment in the public services. Investors interested to set up a company in Ireland may benefit from the main aspects of the new Budget and our team of lawyers in Ireland can offer assistance on the taxation system available here and on the corporate benefits applicable starting with 2017.
The Irish construction sector may benefit from a new incentive, which is currently discussed by the local government. In order to promote the foreign and local investments in the construction sector dedicated to the residential field, the Value Added Tax (VAT) may be reduced to 9%, from the current rate of 13,5%. The investors who are taking into consideration opening a company in Ireland can find many business opportunities in this field, as there is a high demand for both residential and commercial buildings. Our team of Irish lawyers can offer assistance on the incorporation procedure, as well as on the business permits necessary for this type of activity.
Although situated at the edge of the European Union (EU), Ireland represents one of the best locations in which foreign investors can set up their operations. Besides the taxation system, Ireland offers many other attractive incentives which makes it a perfect location for setting up a business, especially in the financial sector. Ireland is a top international financial hub and foreign investors are advised to invest in this industry if they are activating in the field. Our team of lawyers in Ireland can offer assistance on how to register a company operating on the financial market.
Businessmen who are national citizens of the European Union’s (EU) area who have opened a business in United Kingdom (UK) can relocate their business to Ireland if they consider that the Brexit (the referendum which decided the exit of the UK from the EU) will have negative effects on their current companies. Irish authorities have already stated that the local business environment is ready to receive such businessmen, as the country provides a stable market and advantageous tax conditions. Investors who are interested in setting up a company in Ireland can address to our team of Irish lawyers, who can assist investors with legal advice.
Ireland represents an important business location and one of the fields in which the investors can have several business opportunities is the tourism field, which increased in the first quarter of 2016 by 13,1%, showing that there is a growing interest expressed by foreign tourists wishing to visit Ireland. Investors who want to open a company in the field of tourism –such as a travelling agency, can receive assistance on this matter from our team of Irish lawyers, who can provide an in-depth presentation on the incorporation procedure available for specific industries.
After the United Kingdom (UK) decided to exit the European Union (EU) under the Brexit referendum, many businessmen who had been carrying out business operations on the local market considered it would be a good option to relocate in the near future their current companies on different markets which are part of the EU. The decision is strictly related to the level of taxation such companies will be subjected to after the completion of the Brexit. Ireland is a state which recently announced that it welcomes businessmen from UK on the local market. Our team of Irish lawyers can provide legal assistance on the main reasons which makes Dublin, the capital city of Ireland, a great location for such companies.
The business environment available in Ireland is very well developed, as many entrepreneurs choose to set up their operations here because of the favourable legal conditions created by the local authorities. As an effect, there is a high demand for office buildings across the country, especially in Dublin, the largest city in Ireland. Businessmen interested in setting up a company in the field of construction can receive legal assistance from our team of Irish lawyers.
Investors with business activities in small companies in Ireland have good news referring to the lending rates, which have been lowered by Microfinance Ireland, a state owned institution providing lending programs for small Irish businesses. The interest applicable to small businesses will be cut by 1%, starting from July 2016. Businessmen who are interested in receiving more details on this matter can address to our team of Irish lawyers.
Foreign investors, especially the European investors operating on the Irish market should know that, at the moment, the Irish legislation applicable to corporations will maintain its rules, in the context of the United Kingdom’s Brexit results. As such, the local government announced that the companies operating on the local market will be imposed a 12.5% corporate tax further on and that the event will not have a negative effect on the local businesses. Our team of Irish lawyers can offer more details on the local legislation referring to the corporate tax.
Ireland has a legal environment which attracts the development of both local and foreign businesses. The local authorities provide many incentives for various types of business fields, as well as for small start-ups. Businessmen who want to open here a small company can choose from many business ideas, which have proven very effective on the local market. Our team of Irish solicitors can provide assistance to those who can decide on a specific industry and who have a limited budget.
In 2015, the Irish economy experienced a rapid development, which is a direct effect of the policies carried out by the local authorities. In 2016, many industries reported very good financial results. Foreign investors are advised to set their operations on the Irish market due to a set of factors, including the level of taxation applicable to companies; our team of Irish solicitors can provide more details on the investment projects available in Ireland.