Ireland is a diverse economy that caters to many different types of industries. Here are some of the industries that are relatively well developed and popular in Ireland:
Technology and Information Technology (IT):Ireland is known for its technology and IT industries, with many multinational tech companies having their European headquarters here. Dublin is also known as the "Silicon Valley" of Europe.
Life Sciences & Healthcare:Ireland has a strong presence in the pharmaceutical, biotechnology and medical device sectors, attracting numerous life sciences companies.
Financial Services:Ireland is an international financial centre, particularly competitive in terms of management, banking and insurance.
Aerospace & Manufacturing:Ireland has some of the largest international manufacturing companies, particularly in aerospace and precision engineering.
Agriculture and food processing industry:Ireland's agriculture and food processing industry is also an important part of the country's economy, exporting a variety of agricultural products.
Creative Industries:Ireland is rich in cultural and creative resources, including film and television production, design, cultural and creative fields.
Overall, Ireland has a good support for innovative and international businesses, so there are opportunities for a variety of industries. Of course, before choosing the right industry for your business, it is best to do some market research and professional consultation.
So, are there no locals who can register an Irish company?
First of all, let's understand the requirements for foreigners to register an Irish company:
1. The person or legal entity intending to register a company in Ireland can be either resident or non-resident in Ireland.
2. Resident or non-resident individuals can serve as directors of companies in Ireland. Setting up a company in Ireland does not require a resident individual to be one of the shareholders or directors. However, if an Irish company does not have at least one director who is resident in the European Economic Area (EEA), it must purchase a non-resident bond. It is important to note that this requirement relates only to residency and not to citizenship. Assistance in obtaining non-resident bonds is available.
3. If the company is a private share***, at least 1 shareholder is required to register the company in Ireland. Individual shareholders can become directors of the company at the same time.
It can be seen here that to register an Irish company, a person from the European Economic Area is required to act as a director, but if not, then it is necessary to spend money on directors' bonds, which is exempt from the requirement to hire a local director.