Important Investments in the Financial Services Sector in Ireland Post Brexit
- Written by: Editor
- Posted: 2017-08-31
The financial sector in Ireland is developing at a significant rate, as mentioned by the Industrial Development Authority (IDA), the main institution in charge with providing measures that will attract foreign direct investments in the country. Following Brexit, the agency has observed an increase in the financial activities carried out in Ireland, and in the first half of 2017, more than 15 international companies declared that they are interested in relocating their activities in this country. Businessmen who want to register an Irish company are advised to study the regulations applicable in the field, which can be further detailed by our team lawyers in Ireland.
Financial companies in Ireland
After the decision taken by the United Kingdom to exit the European Union (known as Brexit), numerous companies have expressed their concern in this sense. Many companies have already started searching for other markets where they can relocate their business, for more advantageous conditions.
Thus, Ireland became an attractive location for a wide range of business activities, as the tax regulations (for example, the applicable corporate tax is imposed at one of the lowest rates available in the EU) are favourable for both local and foreign companies. Foreign businessmen can receive advice on the taxation system applicable to companies from our team of Irish lawyers.
Investors who want to open a company in Ireland should know that in the first half of 2017, several financial companies have expressed their intention to relocate here (insurance companies, banks).
Ireland, a financial centre in Europe
Ireland is a financial centre which provides access to other European markets. Investors may set up financial companies here, as they can benefit from attractive policies, desgined to further develop this field of activity.
Ireland’s importance as an international financial center is also given by the fact that, at the moment, 15 of the top 20 international banks operate on this market.
Businessmen may find further information on this topic from our team of lawyers, who can offer consultancy services on the financial activities available here. Please contact our law firm in Ireland for more details.