Open a Software Company in Ireland
Open a Software Company in IrelandUpdated on Thursday 07th June 2018
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The software sector is a major component of the Irish economy. Ireland stands out as the world’s second largest software exporter and one of the main markets for attracting foreign companies operating in the ICT and software sectors. At the same time, the country is known as a center of excellence in the field of software, accounting for more than 900 software companies. On an annual basis, the country exports software products with a total value of EUR 16 billion and our team of lawyers in Ireland can provide legal assistance on the regulations concerning the exports concluded in this industry.
Main characteristics of the Irish software market
One of the main assets of the Irish software market is given by the quality of the local workforce, which has a high level of skills necessary for conducting IT and software activities.
As mentioned earlier, the country has attracted numerous international companies operating in this sector and, at the moment, companies recognized at a global level for the quality of their services have set their European headquarters in Ireland. These companies provide software services, systems for online payment solutions or services related to social media activities, as well as software products for the gaming industry.
The following video offers a short presentation on the registration of a software company in Ireland:
The main location usually chosen by foreign businessmen is Dublin, the country’s capital city, which is seen as the European leading center for companies that provide innovative gaming products and services. Our team of Irish lawyers can assist foreign investors in setting up a business in Dublin or in any other major city in Ireland.
The sector employs approximately 12,000 persons, qualified in providing services such as:
• core software development;
• software testing.
Top software activities in Ireland
Although the software industry in Ireland is represented by a large variety of activities, the highest market demand is given by the following:
• cloud computing;
• innovative software products;
• software products for security and health services;
• software designed for the energy sector and telecommunication.
Depending on the company’s activities, the investors may need to obtain business licenses and permits and comply with various procedures. Our lawyers can assist with more information and investors are invited to contact our law firm in Ireland for tailored advice.