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Open a Business in Ireland

Open a Business in Ireland

Updated on Friday 10th February 2017

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How easy is it to set up a business in Ireland?

 
The process of company incorporation in Ireland is very simple and requires only several procedures, which can be performed in less than two weeks. The registration procedure starts at the Companies Registration Office and it is completed in seven working days, while the rest of the  incorporation steps can be accomplished one per day. Our Irish lawyers can offer you legal support during the entire company formation procedure in Ireland
 
When opening a company in Ireland, the investors will have to register the legal entity at the Companies Registration Office. It represents the main institution which provides the legal right of performing business activities in Ireland. At the same time, businessmen should know that the institution provides relevant information related to other companies operating in Ireland
 
In order to register a company here, the first aspect that should be met is related to the company’s trading name. A trading name in Ireland must respect a set of requirements and all businesses are required to register the company’s name. Our attorneys in Ireland can provide more information on the main requirements related to the registration of a trading name
 
The regulation is also available for businesses set up as a partnerships, regardless if they are set up by individuals or legal entities.
 
It is important to know that a company’s name can be registered with the CRO on the online platform of the institution, which will issue a Digital Certificate, attesting the trading name.
 

How easy is to hire personnel in Ireland?

 
The Irish employers can decide to request the help of a specialized employment agency which can provide the suitable candidates for the vacant places or can use the media in order to post announcement regarding these vacancies. The employment agencies are trustworthy entities, since all of them must apply for an employment license. Our lawyers in Ireland can offer in-depth detail on the employment regulation applicable here. 
 
Legally, the Irish employers must deliver to the authorities within two months since an employee was hired in the company, a statement regarding the terms and conditions related to their employment. Some of the details that must be included in the statement are: the full names of the employer and its address, the full name of the employee, the place of work, the title of the job or its nature, date of commencement of employment, the expected duration of employment (if the contract is temporary), the date in which the contract expires (if the contract is signed for a fixed-term).
 
Employers interested in hiring employees must know that the Irish authorities provide several incentives when concluding an employment contract with a person who has been unemployed for a long period of time. Under the Job Plus Initiative, the employers can receive EUR 10,000 per employee who qualifies under the specified conditions. 
 
Our law firm in Ireland can offer you further details about the employment statement and can also intermediate the relations with the Irish authorities.
 

What are the main points of interest for foreign investors?

 
There are several reasons why opening a company in Ireland represents a good investment option:
 
it is a member of EU and member state of the EU;
it is a common law jurisdiction so its legal concepts are familiar to all foreign investors;
the incorporation procedure takes only one week;
its capital is an international financial center;
the workforce is highly educated and skilled.
 
Related to the qualifications of the local workforce, we mention that in 2015, more than 265,000 students began university studies, and more than 30% of them preferred courses related to the fields of technology, engineering, science and mathematics. 

 

What are the advantages of a holding company in Ireland?

 
An Irish holding company may beneficiate from the numerous double tax treaties provisions which stipulate that the corporate tax is charged only in the country of origin. Furthermore, these treaties provide lower or exempt withholding taxes on dividends, interests and royalties. Also, if a local company owns shares in another Irish company, there are no withholding taxes on dividends. 
 
For more information about the double taxation treaties concluded by Ireland or about the particularities of holding companies, you may contact our Irish law firm.
 
 

 

 

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