Question

What is the ease of doing business in Ireland? Write at least 2 paragraphs including citations.

Answer 1

Actually, Ireland is practically one of the easiest places in the world to start a business and only go to the basic elements: it is very cheap and fairly simple to set up a registered company or a limited company. Many countries across the globe have a sluggish and cumbersome registration process (much slower than in Ireland). Many even need permits and licenses (for even simple companies, outside of pharama, food, healthcare). Registering a corporation costs as little as € 20, and forming a company costs less than € 200. Ireland has one of the least obstacles to the development of a new business.

It is a member of the EU and the Eurozone, placing it on the doorstep of the planet's largest tradinc bloc, albeit divided by geography and language.

Before 2008, Ireland had an internal economy that was witnessing very strong price increases in the retail and service sectors. It is due to a lack of demand-which has boosted almost everything's costs. Vendors will charge the highest price they can and customers will have charged it, partially due to a lack of good alternatives and also large levels of disposable income.

The Irish economy has improved after endureing harsh economic conditions. Ireland formally exited the EU-IMF bailout program on 15 December 2013 and the world is watching this crucial moment in the economic recovery of the country. In 2012, the economy expanded by 1.4 per cent and is projected to grow year-on-year to reach high growth rates. The country is looking to concentrate on international trade, which is at the core of its development plans; upward exports and increasingly growing foreign direct investment (FDI).

Reference- Book on Starting a Business in Ireland - Brian O'Kane and New York Times