According to a recent study conducted on companies operating in Ireland, the insolvency rate registered in 2017 declined by 15%. At the level of 2017, 874 companies had to start the insolvency procedure, down by approximately half compared to 2012, when numerous businesses experienced economic difficulties. Our team of specialists in company formation in Ireland can offer in-depth assistance on the legislation referring to the manner in which insolvency procedures are carried out here.
Ireland’s credit rating was recently modified, being upgraded from A to A+. The change in the country’s credit rating was established by Fitch, the international credit rating agency. Investors interested in company formation in Ireland should know that A+ credit rating shows a stable economy. It is important to know that in the last years (2014-2017), Fitch awarded to Ireland credit ratings that showed a stable and positive outlook regarding the local economy. Our team of consultants in company registration in Ireland can advise on this subject.
Companies operating in the construction sector in Ireland reported a strong increase on the orders they have received at the level of November 2017. This had a positive effect on the employment in this sector. Investors who are interested in Irish company formation in the construction industry should take into consideration that the increase was also reported for residential construction projects, which had the highest rate of development since June 2017. Our team of specialists in company formation in Ireland can advise on the procedures imposed when registering a construction company, as well as on the business permits that are necessary for this business activity.
The procedure for company formation in Ireland was simplified over the years to better address the needs of local and foreign businessmen. At the moment, the registration procedure is straightforward and it can be completed in a short period of time. However, the order in which such procedures must be performed or the aspects that should be decided by the future investors may be confusing, especially to those who are not familiar with the regulations for setting up a new company. Our team of specialists in company formation in Ireland have developed a new tool that can ease the registration procedure, by including the main aspects investors should establish during the process.
The Irish real estate market, for both residential and commercial purposes, is in high demand and numerous investments have been completed this year. For example, the demand for office space in Dublin increased in volume by 22% since the beginning of the year up until October, compared to the same period of the previous year. Investors who want to start the procedure of Irish company formation should also take into consideration that they will need to set up a business address and, in this sense, it will be necessary to either purchase or rent one of the available offices. Our team of specialists in company formation in Ireland can provide in-depth assistance on the main procedures involved in the above mentioned cases.
It is a known fact that Ireland is amongst the top European destinations preferred by foreing investors for starting a business, but according to the latest study conducted by Eurostat, the statistics office of the European Union (EU), the country was also the first economy with the largest number of high-growth enterprises. Businessmen interested in opening a company in Ireland must know that the results are measuring the data for 2015. Also, the high-growth enterprises operating here had a positive effect on the employment market, which is expected to reach full employment in 2018. Our team of consultants in company registration in Ireland can offer in-depth assistance on the employment regulations available for Irish employers.
On the 10th Octomber, the Irish government, through the Ministry of Finance, presented the Budget for the following year. The measures will be included into the Irish Finance Bill and the Budget 2018 represents the third consecutive bugdet following the end of the financial crisis that had a negative impact on most of the European economies. Investors interested in starting the procedure of company formation in Ireland should know that the Irish economy made important progress in the last few years, in key sectors of its local economy. Our team of agents in company formation in Ireland may provide in-depth information on the tax policies available for legal entities, as well as on the tax regulations prescribed under the Budget 2018.
With numerous tax advantages and attractive business incentives, Ireland stands out as one of the top European jurisdictions for investment purposes. Also, the procedure of Irish company formation is a simple one, and the registration can be completed in just few days, thanks to a very straigthforward system created by the local authorities. Ireland offers certain advantages which attracts companies across the world,a large part of them operating in top industries, such as IT or pharmaceutics. Our team of company formation agents in Ireland can offer in-depth assistance on the main reasons to invest in this country and advice on the registration procedures.
The Dublin Port registered important increases in the trading volumes, which have grown by 28.8% in the last five years. Foreign businessmen interested in opening a company in Ireland performing trading activities in the Dublin Port should know that the main driver of the trading increase was the export level, which developed by 4.4%. Our team of company formation representatives in Ireland can offer in-depth assistance on the main trading regulations applicable here, as well as on the tax deductions that can apply to specific fields of activity.
Several sub-fields of the the Irish construction industry developed in 2017 . Investors interested in opening a company in Ireland in the construction sector can have very good business prospects here, as the activity in the industry increased at a fast pace at the level of May 2017. The increase registered in May was situated at an index of 63.6, compared with the index of 61.3 registered at the level of April 2017. Our team of company formation representatives in Ireland can offer in-depth assistance on the business permits that will be necessary for any construction company operating in this country.
The business environment in Ireland is very favourable to Irish company formation due to a wide set of legal measures taken by the local government. The Irish small and medium sized companies (SMEs) asserted that the Irish market has improved and the business outlook for the following year provides a positive sentiment. 59% of the companies which responded to a study referring to the characteristics of the local market declared that Ireland is a suitable environment for doing business and our team of Irish company formation representatives can offer assistance on the investment legislation available here.
Industrial Development Authority (IDA) is an Irish agency that is responsible for the increase of the foreign direct investment (FDI) activities. IDA can offer numerous investment incentives for foreign businessmen who want to open a company in Ireland, being a very productive institution. IDA Ireland is also responsible for the creation of employment opportunities for FDI companies and, at the moment, the institution obtained the highest results in terms of employment that were registered in the last 67 years. Our team of company formation representatives in Ireland can offer more details on how to invest in this country.
Ireland offers one of the most attractive business markets available at a European level. Businessmen who are interested in Irish company formation should know that if they operate in this country through a start-up business, they will be entitled to a set of financing options which can increase the possibility of developing a strong company. Our team of consultants in company formation in Ireland can offer advice on the registration requirements established by the Irish institutions.
The Irish consumer market is interested in purchasing various products and services through online platforms. Foreign investors who want to open a company in Ireland in the online sector should know that there is a high potential for development for e-businesses, as 25% of the Irish citizens who participated in a survey (from a total of 1,000 participants) declared that they have recently purchased various items through online services. Our team of company formation representatives in Ireland can assist investors with legal advice on how to open a website in this country.
The 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.
The Irish aviation industry represents a key player for the local Gross Domestic Product (GDP). The industry has brought more than EUR 4 billion to the Irish economy, while the Irish Aviation Authority considers that Ireland represents a country of aviators. Foreign investors who are interested in Irish company formation should know that the industry benefits from an attractive taxation system. At the same time, it benefits from the provisions of the double taxation treaties signed by Ireland with other contracting states, which can provide a set of tax advantages to companies operating in the field. Our specialists in company incorporation in Ireland can offer more information on how to register a company in the field of aviation.
The tourism industry in Ireland is maintaining a solid growth rate and thus, businessmen interested in opening a company here can find several investment opportunities. It is important to know that the Irish Central Statistics Office announced that more tourists are interested in visiting Ireland and another relevant aspect in this sense is related to the fact that they are spending more time in this country. In the third quarter of the year, Ireland registered an increase of 10%, compared to the same period of the previous year. Our team of company formation specialists in Ireland can offer more information on this matter.
The Irish economy performed very well in 2016, as the country represents at the moment the fastest growing economy at a European level. Moreover, the economic development experienced by Ireland was not influenced in a negative way by the results of the Brexit referendum. The Central Statistics Office (CSO) in Ireland revealed that the value of the businesses operating in this country increased by 4% (the analysis is carried out up until the level of September 2016). Businessmen interested in opening a company in Ireland should know that the increase for the companies was measured based on the gross domestic product. Our team of company formation representatives in Ireland can provide more details on the matter.
Dublin is the capital city of Ireland and also the largest city in the country. Dublin provides the most important investment market in the country and the businessmen who are interested in company registration in Ireland should know that the city is one of the best locations in Europe for investments in the field of real estate. Our team of company formation specialists in Ireland can provide assistance on the legal aspects related to the incorporation of an Irish company or an investment fund.
Ireland registered in 2016 the highest employment level deriving from foreign direct investment (FDI) activities set up in this country. The Industrial Development Authority (IDA) announced that one in five jobs which are created in Ireland is of FDI origin, sustained through the assistance of the institution. The level of employment registered in 2016 represents a record within the 67 years of IDA’ activity. Persons who are interested in company registration in Ireland can find out more details on the employment legislation available here from our team of specialists in company formation.
Cyber – security should represent a priority for any company incorporated in Ireland or elsewhere, as this measure will secure the online activities of a company and its employees. With one of the most developed economies in the European Union and in the world, Ireland represents 4th best country at a global level for business purposes. Those who are interested in company registration in Ireland should know that the local authorities have recently opened the Cyber-security Centre of Excellence, a project implemented through Industrial Development Authority (IDA). Our team of company formation representatives in Ireland can offer more details on this matter.
Ireland, which is one of the most important locations for business domiciliation, has recently been nominated as the international leader in marine technology. The Industrial Development Agency (IDA), which is the main authority for creating foreign direct investment opportunities in Ireland, announced that the Irish Marine Cluster received the International Maritime Partner Award, which was offered at the Blue Tech& Blue Economy Summit, held in San Diego. Foreign investors who are interested in company registration in Ireland in this field can receive various incentives for such businesses. Entrepreneurs may find more details on the legal requirements related to this industry from our team of company formation representatives in Ireland.