Company Formation Ireland

The pharmaceutical company Horizon Pharma plc has incorporated itself overseas in Ireland, following its $600 million acquisition of Vidara Therapeutics International plc. Corporate inversion has become a popular strategy for companies as a means of reducing their tax burden. Earlier this year legislation was introduced that tightened inversion rules under section 7874 attempting to prevent U.S. companies [...]

Ireland is one of four EU Member States with high and improving industrial competitiveness, according to a new report published by the European Commission. The study ranks Ireland alongside the Netherlands, Germany and Denmark as Member States which are doing particularly well in terms of competitiveness. “Ireland’s domestic economy is growing and creating jobs again. Business - crucially including SMEs - [...]

Deloitte, the professional services group, is to expand its operation across the island by creating 338 new roles in the North and 100 new positions plus 200 graduate opportunities in the South. It also intends to create 100 under-graduate roles including co-operative work place programmes and summer internships in the Republic over the coming year. Jackie Henry, senior partner of Deloitte Belfast, said th [...]

Recent improvements in Ireland’s headline economic numbers means the Government has scope to deliver €400 million in tax cuts in the budget , according to Ibec. The employers’ group claimed this reduction in the tax burden would lead to a 4 per cent rise in disposable income next year. In its latest Consumer Monitor report, Ibec said rising employment, strong consumer sentiment and recovering retail sales [...]

A newspaper report has quoted sources as saying Bank of America, Citigroup and Morgan Stanley were considering Ireland as a favourable location if they needed to shift operations. Plans are said to be at an early stage but attention is being focused amid deepening plans for a banking union and the possibility that the UK exits the European Union following a promised referendum. Ireland could prove to be an [...]