Why Set Up your Business in Ireland?
Republic of Ireland is a member of the European Union and the Eurozone. Ireland is ranked first in Europe and second in the world as most attractive country for Foreign Direct Investment (FDI). It is the only English-speaking country in the Eurozone with a highly skilled youngest work force, providing access to a single market of over 500 million Europeans and other most valuable markets of the world.
Ireland is one of the fastest-growing economy in 2016 as per the European Commission. Ireland has a highly globalised economy, with a well-established FDI sector generating significant exports across business sectors. The pro-business attitude enables companies to set up swiftly, with minimum red tape, in a connected environment.
Over 1,200 most successful multinational companies have chosen Ireland as their European base. Ireland has double taxation agreements with more than 70 countries. Ireland offers lowest corporation tax rate in Europe of 12.50%, companies can also avail of 25% tax credits against research and development costs.
Over the years, Ireland has attracted investment from different business sectors, such as healthcare, electronics and engineering, financial services, and computer software. Companies including IBM, PayPal, Google, Facebook, Siebel, Apple, Microsoft, Yahoo, Twitter, Citi, Pfizer, Huawei, Takeda, Fujitsu, Novartis and Trend Micro and Ericsson etc. have been based in Ireland for many years, and are among the many companies who have continued to invest in Ireland. Government’s support has backboned the development of businesses, leading the nation to rise and become an investment nation.
If you are looking at a good plan to park your wealth and expand your fortune, Ireland will surely be on the top of the list.
3E Accounting understands the challenges and difficulties lie ahead and we are here ready to help. If you are planning an overseas business setup in Ireland, contact us today at info@3ecpa.com.sg and let’s work out the best solution for your business.
