Wendy O’Brien, World Executives Digest | Expanding your business to countries that are very welcoming in terms of international business and foreign direct investment is one of the greatest step for your business growth. Countries like Ireland is the perfect destination for your prospect investment for your business. Doing business in Ireland has certain essentials that would help your business to grow accordingly to adapt in the globalized competitive world today.
Here are the top ten points of information that any enterprise or investor should know when relocating or do business in Ireland.
- Forming a company in Ireland – Irish law caters to several types of company structures which are easy to establish. Having the benefit of extending your business to a country that can typically achieve within five days for incorporations is an easy market for your businesses prime growth.
- Establishing a branch in Ireland – Possibly a foreign company can establish a branch in Ireland without incorporating company’s registration office subject information.
- Acquiring an interest in land – There are no restrictions on foreign corporations purchasing land in Ireland, which has a greater benefit if your company will choose from freehold to leasehold.
- Leasehold land – Long term leases will provide your company a much more capable for more than one year, but less than 35 years attract stamp duty of 1% of the annual rent payable where there is no premium.
- Freehold land – Purchasing a commercial property overseas is somewhat risky, but with Ireland’s VAT percentage of 13.5% on the purchase price seems to be a negotiable matter for your business purpose.
Taking the risk to grow your business overseas is full of risk and dilemmas along the way, but Ireland has a promising proposition for your business. Learn more about the different essentials for business and prospective investors on the infographic below by Amorys Solicitors.
Embedded from Amorys Solicitors