Increasingly, companies are selecting the United Kingdom of the Republic of Ireland as their strategic base from which to expand into the European market.

1. DOINGBUSINESSIN
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DOINGBUSINESSIN
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2. Increasingly companies are selecting the
United Kingdom or the Republic of Ireland
as their strategic base from which to
expand into the European market.

3. 46% of companies we asked have
operations or are considering
setting up operations in the UK or
the Republic of Ireland.

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Both countries are great places to do business.

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In January 2016, the World Bank rated both
the Republic of Ireland and the UK in the top
20 “Best Countries for Doing Business.”

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REPUBLIC OF
IRELAND: #17

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UNITED KINGDOM: #6

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Being so close to Europe — with good
transport links via road, rail, sea and
air — both countries are attractive
bases from which to do business.

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The 28 EU member states are a huge
market. Having a base in the UK or Ireland
provides easy access to that market.

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Many of the trading practices, regulations
and standards apply throughout the EU,
and key tasks such as accounting for value
added tax have also been simplified to
facilitate trade between member states.

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>> It’s one of the most trusted jurisdictions for doing
business in the world
>> It has an extensive tax treaty with year-on-year tax
reductions (which now stand at 20%)
>> A UK company can be established quickly, in some
cases in just one business day
>> The corporate tax rate currently stands at 20%
WHY DO BUSINESS IN THE UK?

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>> It is one of the longest established low-tax jurisdictions
within the EU
>> Its 12.5% corporate tax rate has attracted many
multinationals, including Adobe, Amazon, Apple and Facebook
>> 9 out of 10 pharmaceutical companies are located in Ireland
>> A company can be established in approximately 5 to 10
business days
WHY DO BUSINESS IN IRELAND?

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Legislative requirements do vary across the
UK countries of England, Wales, Scotland
and Northern Ireland.

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For example, sometimes only a portion of
UK laws will apply in Northern Ireland and
laws may have varying effective dates.

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The Republic of Ireland has its own
legislative and regulatory frameworks that
are distinct from the UK’s.

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These differences will affect many areas
of doing business depending on whether
you establish operations in the Republic of
Ireland or the UK …

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… such as how you structure employment
contracts and your mandatory obligations
around pensions, paid time-off and unfair
dismissal rights.

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A proper strategy that accounts for
the host country’s unique regulatory
requirements is critical for successful
operations in either jurisdiction.

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To learn more about the differences
and similarities between these two
destinations, view “Differences and
Similarities: Doing Business in the UK and
the Republic of Ireland" today.

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