Ireland is a stable parliamentary democracy with a written constitution. The Government is elected and controls the legislative and political process. Ireland is a member of the EU and the United Nations. Irish law is based on common law, legislation, the Irish Constitution and EU law.
In 2014, Forbes ranked Ireland as one of the best countries in the world for business. We are a small highly globalised economy, with a large exporting sector. We will soon be the only native English-speaking jurisdiction in the EU. We have a young, highly educated and skilled workforce. We have a low corporate tax regime which doesn’t breach EU or OECD criteria; and we have an extensive and expanding double tax treaty network, with over 70 countries, including the US, UK, China and Japan.
Ireland has a very well developed and sophisticated banking and financial services infrastructure with established experience in handling the requirements of international companies. The banking sector is regulated by the Central Bank of Ireland. Over half of the world’s top 50 banks have operations in Ireland.
The 2015 World Bank “Doing Business” report ranked Ireland in the top 10% of the 189 economies surveyed, while the 2010 World Bank “Investing across Borders” report states that Ireland: “…is among the most open to foreign equity ownership (of high income OECD companies)”; and has “…one of the simplest and shortest processes” to establish a foreign-owned limited liability company (among high-income OECD countries).
In our capacity as business and commercial solicitors in Dublin, Peter Boyle & Co. Solicitors provide FDI advice in the following areas: