Emerging Companies: Choosing Ireland as a Location for Your Business
04 December 2013
One of the key decisions when expanding internationally is selecting a business location. At Mason Hayes & Curran, we regularly assist emerging companies setting up in Ireland.
In the following article, we take a look at why companies choose Ireland and also examine some of the main considerations that need to be reviewed when establishing in Ireland.
For companies with an international outlook, Ireland’s strategic location is obvious. Easily accessible from mainland Europe and North America and the only English-speaking Euro currency zone member, Ireland is frequently used as a base to serve the European market which holds more than 490 million consumers. Our attractive and stable corporate tax rates at 12.5%, structured tax reliefs for Research and Development and skilled workforce also offer distinct advantages to emerging companies locating here.
Ireland’s track record in attracting investment is clear with eight of the world’s top ten ICT companies basing their EMEA operations in Ireland and over 1,000 companies choosing Ireland as their strategic location in Europe. Recognition of Ireland’s stature as a successful location for business has also grown in recent years. Ranked 11th globally out of 82 countries in the 2008 - 2012 Business.
Environment Ranking of the Economist Intelligence Unit and 17th in the IMD World Competitiveness Yearbook 2013, Forbes 2011 named Ireland as the best country in Europe in which to do business. Furthermore, Ireland was ranked the 2nd most attractive country globally for Foreign Direct Investment by the NIB/FDI Intelligence Inward Investment Performance Monitor 2011.
Company incorporations in Ireland involve a number of stages for emerging companies and it is crucial to consider these from the start.
We regularly advise and assist emerging companies in relation to issues such as:
- business name registration
- office address registration and branch registration
- memorandum and articles of association and shareholders agreements
- statutory registers
- resident director requirements
- share certificates
- directors’ notification and company law compliance
- contracts of employment and employment handbooks
- tax registration and company secretarial maintenance
- grant aid and support
Other issues such as premises, employee and commercial contracts and local regulations also need to be considered when setting up a new business in Ireland. We can address these issues and advise emerging companies on how to make the establishment process as easy and seamless as possible.