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EC: Irish Economy Will Grow by 3.4% in 2017

Written by: Bridgewest

EC-Irish-Economy-Will-Grow-by-3.4-in-2017.jpgThe European Commission (EU) has recently offered positive information on the prospects of the Irish economy. EC 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
 
 
Our team of company formation consultants in Ireland can offer an in-depth presentation on the employment legislation available here. 

 

Economic outlook for 2017 and 2018 

 
The EC predicts that the import-export activities registered in Ireland will increase in the following years. 
 
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
 
We invite businessmen to find out more on this subject from our team of company formation specialists in Ireland
 

Comments

  • Laura 2017-02-16

    The Irish economy is very solid, especially after the last 2-3 years, when numerous industries reported very good financial results.

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