is a top destination for businessmen who are searching a market in which they can launch a business. The Irish authorities
provide numerous incentives, an attractive taxation system – as it imposes one of the smallest corporate taxes applicable in Europe, and tax deductions. Enterprise Ireland
, the Irish governmental agency
which provides assistance to businesses registered here, invested in 2016 EUR 32 million in 229 small start-up companies
. Our team of Irish lawyers
can offer legal advice on the registration of a company in Ireland
Investments in small Irish companies
Foreign investors who want to open a company in Ireland
must know that Enterprise Ireland
provided an average of EUR 140,000 to start-up businesses
which were considered to have a high potential for economic development.
Dublin, the capital city of Ireland, ranked as the most well represented region in this sense, as 50% of the companies assisted by Enterprise Ireland were registered here.
Funding for start-up companies in Ireland
offered financial assistance through several funding programs. 128 companies received funds
through the Competitive Startup Fund
. In this particular situation, Enterprise Ireland
can own 10% equity in the company in which it will invest.
The rest of the start-up businesses
received financial assistance through the High Potential Startups
. Businesses with a high potential for development received a higher average sum of money, of EUR 220,000. Our lawyers in Ireland
can offer more details on the requirements that must be met by investors when applying at one of these programs.
At the moment, Enterprise Ireland
owns 2,236 equity investments in companies which were suitable for financing. The direct effect of the funding programs
offered by Enterprise Ireland
is related to the employment
market. Through such project, new 19,000 jobs
were created in 2016 on the Irish market
The government agency is also interested to invest in companies led by women. In 2016, 28% of the companies which successfully applied for Irish subsidies were represented by female entrepreneurs.