The Republic of Ireland has been independent of the United Kingdom since 1922. Around a third of the population live in greater Dublin, the country’s capital and main economic centre. Ireland ranked eighth in Forbes’ Best Countries to do Business 2018–an indication of the country’s outward-facing attitude to business.
The financial crisis of 2007 brought to an end 24 years of continual growth. The government succeeded in reviving Ireland’s economic fortunes by introducing a series of tax schemes designed to attract foreign investment. Ireland’s favourable tax regime makes it an ideal base for companies looking to set up Europe.
Today the Irish economy is driven by international investment, built largely around financial services and the high-tech sectors. American firms contribute disproportionately to the country’s economy -fourteen of Ireland’s largest twenty firms are US based. US firms employ around a quarter of Ireland’s workforce and pay around 80% of all business taxes.
HLB Ireland currently has three member firms providing top-tier advisory services to clients looking to do business in Ireland and abroad. HLB Ireland currently has eight specialist partners with 75 staff covering all areas of assurance, advisory, tax and insolvency.
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