Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below.

Location and language

The first thing to enable a branch or a subsidiary of a foreign company to operate efficiently is a location from where it can coordinate with the parent enterprise. This is what Ireland offers: a time zone that can accommodate liaisons with other European countries and even with North America.

Another important aspect to consider when expanding a company is language. English is not only Ireland’s official language, but it is also an international one, which facilitates communication with businesses and people all over the world.

The friendly business environment

Having access to an advantageous business environment and good legislation is definitely important when seeking to expand a company. From these points of view, Ireland relies on:

• legislation that favors foreign investments through government programs, tax incentives and subsidies;
• great infrastructure that allows connection by sea, and air to countries all over the world;
• access to a reliable internet connection, which is crucial for communicating with clients and business partner;
• quick business setup procedure.

With respect the registration of a legal form, Ireland offers flexibility, as you can run operations under a domestic entity or one that enables you to control it more efficiently, such as the branch office. From this point of view, a team of company incorporation agents in Ireland can help you understand the legal requirements, no matter the entity chosen.

The advantageous taxation system

Ireland offers one of the lowest corporate taxes in Europe and the European Union, which is below the EU average, thus making it quite appealing no matter the way you plan to expand your business. Specifically, if you decide to register a domestic entity, you will pay the tax on its worldwide profits. If you opt for a branch, the levy will be imposed on the profits generated there. The team at BridgeWest Ireland can explain the impact of the legal form on the taxes you will pay.

When discussing tax benefits, it is worth mentioning the access to tax credits, such as the one available for research and development activities, which covers operations like e-commerce, fintech, pharma, IT, and biotechnology. Ireland also has more than 70 double taxation agreements, which favor companies with activities in other countries.

The talent pool and skilled workforce

Ireland has a great education system, which opens the door to a great talent pool. With a higher education system that ranks as one of the best in the world, companies can recruit students and offer advanced training on the job. The alternative is to tap into the skilled workforce, as the country does not lack well-prepared workers either. Moreover, the local labor force is made up of both Irish and foreign citizens who are well-integrated here.

Many global companies already operate here

One of the reasons to choose Ireland to expand a business is the fact that many international enterprises from important industries like IT, pharma, e-commerce, and fintech already have regional bases here. With strong support from the government, some of the largest companies in the world, such as Pfizer, Microsoft, and Meta, have paved the way for other enterprises to expand their operations in a thriving business environment.

EU membership

Brexit turned Ireland into one of the favorite business relocation countries for large companies that had their headquarters in the UK until that time, as Ireland is still an EU member. This means that if based here, a company will enjoy all the benefits that come with being located in the EU area.

From simple formalities when expanding operations into another member state to simplified cross-border trading, Ireland is without a doubt the state to expand a business to if you want to access both the EU and the UK markets.

If you plan to expand your business to Ireland, there are plenty of reasons to choose from in this article. With a low bureaucracy and simple business incorporation formalities, this country will make a great choice, no matter the industry your company operates in.

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