
Did you know that Ireland has one of the lowest corporate tax rates in all of Europe? At 12.5%, Ireland is an international hub for multinational companies like Google, Apple, and Facebook.
Often known as the “Silicon Valley of Europe”. It hosts the European headquarters of tech giants such as LinkedIn, Twitter (now ‘X’) and Microsoft.
Along with ease of doing business, access to the EU markets and the highly educated workforce makes Ireland all the more attractive to the business community. At Juris Consultants we help you not only incorporate your company but also assist with growth strategies to expand your business globally.
BUSINESS OPPORTUNITIES
Ireland’s stellar business policies, robust infrastructure, and liberal legal system all add to its appeal of a favourable business environment. Let’s delve deeper into the business opportunities that Ireland brings to you if you choose to expand or incorporate your company in Ireland.
1. E-COMMERCE
E-commerce is the perfect idea for someone to start a small business as you don’t need to be physically present at the geographical location of your business. Incorporation of your company, logistics, warehousing, payment gateways, and even local partnerships can be done from your residential location. Setting up your E-commerce company in Ireland also gives you access to trade with other members of the European Union.
- Clothing Boutique – Boutiques can meet the growing demand for slow fashion by providing individualized and useful alternatives that appeal to customers who value sustainability and originality above mass-produced fashion.
- Meat packaging – Any person who is into the business of packaging and storage can partner with one or more local farms to sell meat as Ireland is a major producer. If you have the capability to pack and store this meat, you can expand into the business of selling by-products of farming through local partnerships.
- Biotechnology – Innovative ideas relating to pharmaceuticals, biopharmaceuticals, or medical devices that enhance people’s lives are welcome anywhere but especially in Ireland. Additionally, because of an upward-trending “cluster effect,” (when businesses in similar industries are located in the same geographical area) nine of the ten largest pharmaceutical corporations have operations in Ireland. (Novartis, Pfizer, Johnson & Johnson, Abbott, Bayer, Roche, Merck & Co., Meissner)
2. SOFTWARE
Software as a Service (SaaS) is a good avenue for you to use your engineering experience. You can sell your goods or services to customers in Ireland from the comfort of your own home with just a laptop and your engineering expertise. You can market your products to a worldwide audience and build a strong online presence by utilizing online channels. Ireland is a great place to do this because of its “Knowledge Development Box” Organisation, which offers an effective tax rate of 6.25% on income from qualifying intellectual property, this is one of the extra incentives it provides for digital and tech-driven enterprises.
Some Examples:
- Fintech- The existence of large, international corporations greatly enhances Ireland’s fintech capabilities. Big names in finance like Stripe, PayPal, Mastercard, Elavon, Fiserv, Coinbase, and Block have made a home in Ireland. Their presence brings valuable expertise, funding, and important partnerships to the fintech scene in the country.
- Data science and Software development- Leading IT and tech companies like Deloitte, Google, and Accenture having offices in Ireland are actively looking for data scientists with experience. Since businesses frequently like working with established enterprises over independent contractors, you may establish yourself as a reliable partner by starting your own business to provide these specialized services.
3. CONSULTING
Consulting as a service has a wide consumer base as you can provide a variety of services related to telecommunications, business, legal, information technology, finance, and even event planning. Entrepreneurs can take advantage of their specializations and skills and meet the demand by virtual or in-person consulting.
4. CLEANING SERVICES
Cleaning services play an important role in improving the health and organization of workplaces, homes, and individuals. They help maintain clean environments, reduce the spread of illness, and support overall well-being. The demand for cleaning services is on the rise, especially in busy urban areas and businesses where cleanliness is essential. There are many opportunities for growth in this area, ranging from household cleaning to specialized options like industrial cleaning, post-construction clean-ups, and environmentally friendly services.
- Domestic cleaning – Services can be provided with respect to cleaning houses, bathrooms, carpets, cars, or infested interior furniture. Services related to insect and pest control could be supplementary to the primary services.
- Commercial cleaning – Businesses can target other business chains that outsource their cleaning services like hotel chains, hospitals, restaurants, public utilities or any other public and private businesses.
CONCLUSION
According to a report by New Financial, Dublin was a leading beneficiary for Brexit relocation post-early 2021. There was an influx of financial services investments that led to the growth of the country further leading to investments in their startup and entrepreneurship sector. Ireland offers the support, resources, and networks needed for anyone aiming to succeed, whether you run a large company looking for a base or a young business wanting to expand. By setting up business in Ireland, companies can tap into the vibrant ecosystem that helps them grow and stand out in the global market.
We at Juris Consultants are available to help you at every stage, from growth strategy to incorporation and beyond. Allow us to streamline the procedure and assist you in realizing Ireland’s enormous business success potential. To begin your journey, contact us right now.
