Now that Brexit uncertainty has triggered your Brexit-proofing plans, it's important to understand the resources available to you when setting up a presence in an EU27 member state. Ireland in particular makes sense for the many reasons set out in the Brexit section of Leman's website - even if that's just choosing Irish law and courts for your contracts. Specific financial incentives for setting up an Irish presence include:
- the Competitive Start Fund (CSF);
- the Innovative High Potential Start-up Fund (HPSU);
- claiming refunds under the StartUP Refunds for Entrepreneurs (SURE);
- tax relief under the Employment and Investment Incentive (EII) Scheme; or
- the Start-up Capital Incentive (SCI).
In addition, the good people at IDA Ireland have themselves set up offices in many countries around the world, including the UK, to promote foreign direct investment into Ireland. The IDA can introduce you to investors, suppliers, advisers, potential management and specialist staff, government departments, and help with office space, grants and other resources to help you establish or expand your operations in Ireland.
Let us know if you would like help with these incentives or introductions to the IDA and others who can help you set up in Ireland. Leman Solicitors already acts for a range of businesses that have successfully relied on these programmes, including software as a service providers, escrow services, alternative finance platforms and tax relief fund operators.
Best of luck with your Brexit-proofing programme!
Now that Brexit uncertainty has triggered your Brexit-proofing plans, it's important to understand the resources available to you when setting up a presence in an EU27 member state.