The Republic of Ireland was recently ranked 7th by IMD business school based in Lausanne, Switzerland from a pool of 63 competitive nations well-known for business. This was an upsurge of five places after declining to 12th in the 2018 rankings. The chief cause of this decline was the Brexit issue.
When registering a company, the destination choice does not only depend on the bureaucracy involved. It also encompasses the operating conditions the business will have to face in the future as well as its legal obligations to the authorities. Selecting between Ireland and other EC countries involves looking over the benefits the Republic of Ireland has to offer compared to its counterparts.
When registering a company, the destination choice does not only depend on the bureaucracy involved. It also encompasses the operating conditions the business will have to face in the future as well as its legal obligations to the authorities. Selecting between Ireland and other EC countries involves looking over the benefits the Republic of Ireland has to offer compared to its counterparts.
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.
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.
