The European Commission (EU)
has recently offered positive information on the prospects of the Irish economy
announced that the Irish economy
will increase in 2017 by 3.4%, in the context in which the economic growth in other European countries may decrease or slow down. Thus, businessmen who want to open a company in Ireland
could benefit from the advantages of a solid and developed economy. Our team of company formation representatives in Ireland
can offer advice on the legislation regulating the field in which the investors hold interest.
Irish economy in 2017
The level of development in 2017 will provide a stable and firm economy, in the conditions in which the main economic driver will be represented by the internal demand. Alongside with this factor, the Irish economy will grow as an effect of the labour market regulations applicable in this country.
Foreigners interested in the procedure of company registration in Ireland
should know that during the process, the company
will need to register for the payment of several taxes related to the activity of the company’s employees
. In Ireland
, both the company
and the employee
are liable for labour taxation
Economic outlook for 2017 and 2018
Thus, exports in 2017 are estimated at 3.80%, showing a solid increase compared to the level of 2016 (2.3%). Moreover, the exports will further increase in 2018, reaching 4.2%. Imports will also increase, from 1.5% in 2016, to 4% in 2017 and 4.5% in 2018.
Investors should know that the procedure of company formation in Ireland
for a business dealing with import-export activities
specifies that the company’s representatives
should obtain relevant business permits and licenses
attesting the right to perform a certain commercial activity