Company Formation Ireland

Irish companies secured the second highest level of venture capital investment on record in 2020, the latest KPMG Venture Pulse reports shows.  KPMG said that a total of $970m was invested in 226 deals involving Irish companies, up from $561m across 242 deals in 2019.  It noted that the investment levels for 2020 are the second highest on record and come after $1.305.2 billion was invested in Irish compani [...]

The resilience of the Irish economy will mean it will grow by 0.8% this year, the country's largest business group has forecast in its latest Quarterly Economic Outlook. 2021 will still bring challenges, Ibec states, but nonetheless it expects Gross Domestic Product to power back and grow by 5.3%. Much of the recovery will be driven by continued export growth of 2.1% next year following a 5.3% increase in [...]

Ireland is on track to record the fastest GDP growth in the world in 2020, aided by pharma & IT exports, according to the latest figures from Central Statistics Office (CSO). Domestic demand is down, but much less than earlier expectations due to strong government supports. Goodbody Stockbrokers say the arrival of a vaccine, with the potential unleashing of private savings bodes well for 2021. GDP [...]

Consumers will be faced with VAT and customs duty from 1 January if buying goods from the UK, however, the changes are likely to result in an increase in the tax take for the Government. Revenue has outlined the costs which consumers will face from 1 January. Anything priced under €22 will not face any additional import charges. But if goods are valued at more than €22 including shipping, delivery, in [...]

There was a collective sigh of relief across the world as President-elect Joe Biden made his victory speech. In Ireland, that relief was accentuated both by Biden's Irish ancestry and, more importantly, by his position on Brexit. Biden is adamant that any post-Brexit trade deal must not compromise peace in Northern Ireland. Many feel that this position bodes well for a deal between the UK and EU rather [...]