Challenges When Investing In Ireland

TG
TMF Group BV

Contributor

TMF Group experts work from 120 offices in 80+ jurisdictions, making sure that complex administrative tasks are done right and on time. From legal set-up and oversight to regulatory filings, accounting, tax and payroll, we look after our clients’ administrative burdens so they can focus on their businesses.
It might be Forbes' No 1 country for ease of doing business, but that doesn't mean Ireland is without its challenges.
Ireland International Law

It might be Forbes' No 1 country for ease of doing business, and the top destination for FDI in the world according to the IBM Global Location Trends 2012 report, but that doesn't mean Ireland is without its challenges.

Ahead of our webinar on doing business in Ireland without the headache, Irish Managing Director Ronan Reilly gives five challenges facing a company wanting to invest in the Emerald Isle.

  1. Whilst it can take less than five days to incorporate a company it can take a number of weeks to open a bank account so ensure you have all of the necessary Know Your Client (KYC)/ Anti-Money Laundering (AML) information
  2. Without proper legal and tax advice mistakes can be made
  3. Finding the right service providers may take some time
  4. It takes time to understand employment issues, including recruitment, employee rights, payroll taxes, employee benefit schemes, pension schemes, health insurance, VISAs for non-EU nationals etc.
  5. Grants and fiscal incentives are available but need time to be understood

If this whets your appetite for Ireland, be sure to join our webinar on 29 May; find out more here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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