Both Ireland and Switzerland represent very good investment locations, providing numerous business incentives for the businessmen who want to start a company in these countries. However, each country has its own characteristics which recommend them for investment purposes. Foreign entrepreneurs who are interested in Irish company formation must know that Ireland provides several advantages on the ease of doing business in comparison with Switzerland. Our team of Ireland company formation consultants can offer assistance on this topic.
Starting a business in Ireland vs. Switzerland
According to the data provided by the World Bank referring to the aspects of starting a business, Ireland ranks as the 10th global economy for the ease of opening a company, in comparison with Switzerland, which occupies a much lower rank (71 – at the level of 2017).
Foreign investors interested in the procedure of company formation in Ireland must know that the 10th rank was attributed to this country due to a set of factors – related to the number of days necessary for registering a business and the costs involved in the process. Our team of company registration consultants in Ireland can offer consultancy on this aspect.
Construction permits in Ireland vs. Switzerland
Many international companies are involved in the real estate sector, which requires obtaining special permits and licenses designed for this field. Businesses operating in this sector will need to obtain construction permits and, in this sense we mention that Ireland occupies the 38th rank, compared to Switzerland, which is situated on the 68th rank at the moment.
Those who want to open a company in Ireland will need handle a set of 10 procedures in order to obtain the respective construction permits, while in Switzerland, the process contains 13 main procedures.
Taxation in Ireland vs. Switzerland
Another relevant aspect when starting a business in a foreign country refers to the corporate taxation system. Ireland is recognised at a global level for providing an advantageous taxation, offering one of the smallest corporate taxes available in the European Union.
Ireland occupies the 5th rank for the ease of paying taxes. Switzerland also has a good rank, as it is situated on the 18th position in the World Bank report.
Businessmen interested in further information on this subject are welcomed to contact our Ireland company formation specialists, who can offer advice on other related matters, such as the investment legislation addressed to foreign investors.