By Andrew Lambe, 2nd October 2012
The American magazine ‘Fortune’ last week named Dublin as one of the seven best cities in the world for start-up companies and to register a business. The 7 cities, most of which are in the EU include Copenhagen, Oulu (Finland), Eindhoven (Netherlands), Stockholm, Zurich and Singapore.
Out of the 7 cities mentioned, Ireland has the lowest level of corporate tax at just 12.5% compared with Denmark, (25%), Finland (24.5%), Netherlands (20-25%), Sweden (26.3%), Switzerland (12.5-24%) Singapore (17%), (Source: WorldwideTax.com)
Fortune declared that it searched the globe for cities that compare to the San Francisco Bay Area’s “potent combination of creativity and capitalism”.
It started with information from the Global Innovation Index and looked for cities that are “especially hospitable to companies seeking the mix of talent, curiosity, and risk taking that leads to game-changing new products and services”.
Fortune also commented that Dublin is considerably more cost-effective than London, boasts much low corporate tax rates, and everybody speaks English.
It also paid tribute to Dublin’s “Silicon Docks” which is home to technology giants Google, Facebook, LinkedIn, and Zynga. Last year Twitter declared that it was opening its 3rd international office (after London and Tokyo) in Dublin, choosing the Irish capital to be its European headquarters.
Fortune also made reference to the annual Dublin Web Summit, which is one of the fastest-growing tech conferences in the world.
The Irish Govermnent have promised to make Ireland the best small country in the world to do business in by 2015, and this certainly shows that Ireland is going in the right direction. There are many other factors which makes Ireland such an attractive jurisdiction for start-up’s including its Eurozone membership, excellent holding company regime, vast number of Government incentives available, and its educated and flexible workforce.
Company Bureau can assist your company to establish in Dublin, Ireland in the quickest possible timeframe. We can assist with a full range of professional services including incorporation, domicile, bank account, taxation, accounting, company secretarial, etc. at a fraction of the cost of the large legal/accounting firms. For more information on how to register a company in Ireland and a free consultation in confidence, please contact Andrew Lambe on +353 1 6461625.