There are a number of reason whys it is lucrative for business owners to start their business in Ireland. Ireland is considered to be a tax haven; it offers foreign investors a number of options that are attractive and beneficial for the business over time.
There are a few factors that make Ireland the perfect location for starting a business. The country has a great reputation in regards to educated and skilled laborers, which impacts the quality of the work for every business in the country.
The leniency in taxation for business is another great attractor for business owners, as with completely transparent systems. Ireland also has a stable economy with it being a part of the Eurozone, which is known to be one of the most affluent and stable economies by IMF, International Monetary Fund. Therefore, investors can opt to easily start their businesses with online company registration for a hassle-free setup.
Ireland has had the fastest growing economy in recent times, starting in 2014 and has grown steadily over the years. In 2018, it was noted that the county’s GDP has increased by a whopping 7.8% and is known as the fastest-growing economy in Europe, making it an ideal option to simply proceed with online company registration and get started.
Easy business transactions
If business owners are looking to actively participate and access the European markets, it is then practical to think about doing business in Ireland, which is the fastest-growing economy of the European Union. A survey, as far back as 2016, states that Ireland is one of the most lucrative places for foreign investors with a ranking in the top 10% for a survey conducted in 189 countries worldwide. The test was done considering 11 different factors that each country was graded on, and Ireland had a high rank on three important fronts, namely paying taxes, minority investor protection, and resolving insolvencies. Numerous structural reforms since 2011 have ensured that it is one of the most lucrative countries to do business in.
Skilled and highly educated labor
Ireland has put much emphasis on education and has one of the highest-ranking as the best education system across the globe. As a country, Ireland is dedicated and invested in improving the skill base to ensure that the maximum percentage of the population has employments options to support themselves and their families. As of now, Ireland is the only English speaking country in the Eurozone, which is considered to be the ideal location for lucrative business options; the nation has at least half a million of their population speaking foreign languages.
Ireland has a multitude of business advantages, offering investors the unique opportunity to incorporate the business or companies into the European Union, giving leverage of choosing to transact within the EU and also in the US markets.
Therefore, if you are thinking about starting your company in Europe, choosing Ireland, and starting with the online company registration with the best-suited organisation providing comprehensive banking solutions for the business is ideal and convenient.