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.
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.
Setting up a bank account in Ireland is no different from other countries. It’s a pretty straightforward process as long you have all the required documents. Both foreign citizens and national citizens are free to choose any Irish financial institution they would want to work with. The most common types of accounts in Ireland are:
Double taxation often crops up when doing business internationally and can be such a headache to the modern business world. Swiss citizens contemplating of doing business in Ireland will be relieved to know of the 1965 standing treaty that prevents double taxation in the event where a legal entity carries out taxable activities in one of the two states.
