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Irish Government will Offer Financial Support to Companies Affected by Brexit

Written by: Editor

Irish-Government-will-Offer-Financial-Support-to-Companies-Affected-by-Brexit.pngThe Irish government announced that it will provide financial support to companies which are directly affected by the exit of the United Kingdom from the European Union (known as Brexit). Several business activitites reported a decrease in orders deriving from Britain, such as the tourism sector, even though this sector registred an overall increase on the summer months. Our team of agents in company formation in Ireland can provide in-depth assistance on relocating a company from UK.

Irish measures following Brexit 

 
In the light of the new market conditions, the Irish government imposed relevant financing measures to assist businesses which are impacted by the Brexit. Amongst the most important financing measures, we mention the following:
 
allocation of EUR 300 million under the low-cost Brexit Loan Scheme for Businesses;
increasing the number of employees who work in state agencies which directly handle Brexit procedures;
allocation of EUR 25 million for companies operating in the agriculture and food sectors;
maintaining the Value Added Tax (VAT) in the tourism sector at the rate of 9%
 
The Brexit Loan Scheme for Businesses is addressed to all small and medium sized companies with less than 500 employees which are currently impacted by Brexit or which will become affected by this procedure. 
 
As mentioned above, the Irish accommodation units have observed a decline in the number of clients arriving from Britain, but those who are interested in opening a company in Ireland should know that 71% of the businesses in this sector registered an increase in their overall activity. Our team of consultants in company registration in Ireland can provide in-depth assistance on the main rules of law applicable to tourism businesses.
 

Irish embassies across the world 

 
Following Brexit, Irish representatives have established new embassies to promote trade and investment activities in Ireland
 
At the moment, Ireland set up new embassies in the next countries: 
 
Chile;
Santiago;
Colombia.
 
Other new embassies will be established in the Middle East and Asia, in countries such as: 
 
Jordan;
India
 
Businessmen are invited to contact our team of consultants for in-depth information on the Brexit regulations available for Irish businesses
 

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