business structures

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.

The Irish and the Belgians have a long and remarkable history which stretches back from centuries old. To date, Belgium is Ireland’s third largest export market. One of the major reasons behind the two countries’ flourishing relationship is the Ireland-Belgium double taxation convention. The signing of this agreement has allowed Irish and Belgian residents to conduct business activities in the two countries without facing fiscal evasion or double taxation.

The double taxation treaty between Ireland and the United Arab Emirates was signed in early July 2010. The tax convention was meant to prevent over taxation of businesses operating in both countries and it has also greatly strengthened the bilateral ties between the two nations. The pact fosters investment opportunities in either of the states and increases instances of trade endeavors between the two countries.

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

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.

To open a fintech company in Ireland, you first register a Private Limited Company with the Companies Registration Office and clearly define your fintech services (such as payments, lending, or crypto). Depending on your activity, you must obtain the appropriate license from the Central Bank of Ireland, which involves strict compliance with AML/KYC, risk management, and governance requirements. You’ll also need to open a business bank account, ensure your technology complies with GDPR data protection rules, and register for taxes like corporation tax. Ireland offers strong government support through Enterprise Ireland, but regulatory approval can take several months, so proper planning is essential.

Every business is mandated to register a business name, whether they are a sole trader, a partnership or any other company type. 

Although appearing simplistic, the issue or transfer of shares can be a daunting and complex task to complete successfully. It is imperative that concerned parties get expert assistance from qualified, registered and seasoned agents, eg. solicitors and tax advisors.