Just like any other country, the Irish government requires businesses to be registered and obtain licenses before they can start their operations. Apart from the obvious company registration license, certain business activities such as pharmaceuticals, telecommunications and IT would require separate and additional licensing.
Ireland is currently home to nine out of ten of the world’s largest pharmaceutical companies. A lot of multinational companies are finding convenience in Ireland and over the years the pharmaceutical sector has grown to be one of the major backbones of the Irish economy.
As you might have probably guessed, fintech simply refers to financial technology. Ireland happens to be one of the major hubs for entities operating in the field of financial services and technology (fintech). It is one of the most targeted European countries by many multinational companies operating in this field. Two major reasons behind this are its skilled workforce and a favorable tax regime.
Collaboration has become the new cool, not only in the business landscape but in almost every industry. The Irish jurisdiction is in great support of joint ventures and establishing a joint venture in Ireland comes with a number of benefits. Ireland even has a government agency (Enterprise Ireland) set in place for the development of local Irish companies and the development of successful joint ventures. Enterprise Ireland is also responsible for innovation, technology transfer among other calculated alliance arrangements.
Trademarks serve as markers or identifiers by which companies can use to mark their products or services and distinguish them from those supplied by other businesses. The registration of trademarks in Ireland is not mandatory, however you are highly recommended to register your trademark to protect your brand. A trademark gives you exclusive rights to your services and products such that no one will be able to legally use your trademark without your consent.
In Ireland High Potential Start-Ups or HPSU are those companies with the potential to provide an innovative service or product for sale on global markets and the capability to generate at least 10 jobs and €1m in sales within three years of commencement. In general, HSPUs are those companies with the ability to drive innovation and wealth creation, by developing new products and markets never seen before and generating networks which never existed before.
