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Why Start a Company in Ireland?

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Michael Deane
Why Start a Company in Ireland?

If you’re looking for a business-friendly, supportive, fast-growing environment, then Ireland is perfect for you. Over the past several years, the Irish government has striven to make the start-up process as simple and straightforward as possible, offering legal and financial initiatives for businesses both growing locally and arriving from overseas. 

If you choose to incorporate in Ireland, your company will sail through the difficult early days with ease and confidence. You will thrive alongside like-minded, business-savvy individuals in one of the fastest-growing startup and e-commerce markets in the entire world. 

Just what makes Ireland the number one choice for all new companies looking for a permanent home? 

Low Taxes 

First things first, Ireland currently boasts one of the lowest corporate tax rates not just in Europe, but in the entire world. That’s right – companies operating out of Ireland will pay corporate taxes of only 12.5 percent! In addition, the Irish government has established programs to help small businesses through the early days, in which startup costs can often limit a company’s ability to earn profits. You may be able to pay zero percent corporate taxes during your first year of operation. 

Ireland has also entered into double taxation treaties with a whopping 60 countries all around the world. This means that your company can safely advertise your goods and services to an international audience – WITHOUT having to worry about paying cripplingly high tax rates in multiple countries when you do so. 

Simple Registration Process

The registration and incorporation process for companies in Ireland is refreshingly simple and bureaucracy-free. Ireland’s Companies Registration Office (CRO) works together with businesses to limit lengthy paperwork and irritating waiting periods. From start to finish, the entire process often takes no more than 3-5 business days!

Irish law is on the business owner’s side during every single step of the process. Foreign entrepreneurs can open Irish bank accounts and apply for virtual office space without ever once setting foot in Ireland. Delegation of company roles is also significantly streamlined – businesses incorporated in Ireland require naming only one director and one company secretary. 

Legal Advantages

Beginning in 2000, the Irish government passed a number of laws to simplify the day-to-day running of a company. Intellectual property and patents for digital goods or services boast unequaled levels of protection thanks to the 2003 European Communities Regulations, which Ireland was the first country to adopt. 

Irish laws also allow businesses to provide digital signatures on all important documents, which are accepted as just as legal and valid as physical signatures. Ireland-based businesses, whether domestic or foreign in origin, are given priority when it comes to registering domain names using the extensions .ie (for Ireland) and .co.uk (for the United Kingdom). Truly, Ireland’s digital incorporation laws will help your business along every single step of the way. 

Access to Young, Talented Workforce

You can’t run a company entirely on your own – and no country knows and acknowledges that better than Ireland. Ireland currently holds the record for the youngest population in the entire continent of Europe. What does this mean for business owners? Simply put, they will have unparalleled access to a large, well-educated, eager and hardworking workforce with which to staff their company. 

In fact, the excellence of Ireland’s workforce has been repeatedly acknowledged by global business partners and world leaders. Most famously, former US president Bill Clinton identified Ireland as “one of the most business-friendly countries in the world” with “the youngest, best-educated workforce” during a speech in 2012.

Don’t forget that Ireland’s young workforce is also extremely tech-savvy, Internet literate and highly familiar with the e-commerce world. Studies show that over 2/3 of Ireland’s population shops using e-commerce Web sites every single day, and its online markets have experienced consistent growth every year since 2015. 

Choose Ireland Today!

It’s official: absolutely everybody in the business world is talking about Ireland. World Bank lists it as the best place to start a business in the European Union, while Forbes magazine named it the fourth-best in the entire world! Truly, Ireland offers advantages that no other country can currently match. 

So, what are you waiting for? Ireland is the perfect place to incorporate and establish your company. From the legal to the financial, paperwork to hire, you will have access to an uncountable number of advantages in every single area of business founding and management. Choose Ireland as your business’s home, and enjoy unparalleled growth and success starting from your very first day.

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Michael Deane
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