A shareholders’ agreement consists of a signed contractual pact or accord involving a number of or all of the parties who own shares in a company. Frequently, a similar agreement may involve the company as a standalone body as well. The fundamental use of a shareholders’ agreement is to create a holistic framework to guide the administrative affairs of the company. It further articulates on how to handle matters that may cause undesirable rifts in the company setup.
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.
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.
Over the years, the Irish government fiscal policy has undergone some revisions. These changes have positively transformed Ireland from being one of the most backward European countries to become one of the most economically thriving countries in the European Union. Today, Ireland stands as one of the most favorable destinations for international companies who want to set up a holding company in Europe. What makes Ireland very attractive for foreign investors are the low tax rates and it’s generally foreign-friendly legal structure.