The industry for hair salons in Ireland is well developed, especially in the large cities of the country. Foreign investors who want to open a company in Ireland as a hair salon should know that their interests are represented on the local market by the Irish Hairdressers Federation, which provides support on the trade and the employment in the sector.
In terms of taxation, companies operating in Ireland as hair salons benefit from a reduced value added tax (VAT) rate, imposed at the rate of 9%, as prescribed by the Value Added Tax Consolidation Act 2010. Foreign businessmen can receive advice on the tax scheme applicable to hair salons from our team of specialists in company formation in Ireland, who can also advise on the registration requirements imposed for this activity.
Necessary compliance regulations for Irish hair salons
After all the procedures related to company formation in Ireland are completed, the owners of a hair salon will be required to comply with additional requirements that are specific for this business activity.Our team of consultants in Ireland company formation matterscan assist on the below mentioned aspects that have to be completed by any hair salon registered here:
- • comply with the health and safety requirements imposed by the Irish legislation;
- • accommodate the premises of the hair salon in a manner that could meet the needs of persons with disabilities;
- • obtain specific business licenses, such as the Fire Safety Certificate, as per the provisions of the Building Regulations;
- • obtain relevant insurance for the premises and register the employees for social security.
If you need assistance, our agents can also help you register the business name as a trademark in Ireland.
Why invest in a hair salon in Ireland?
Opening a hair salon in Ireland can be an attractive idea, considering that the industry (which also takes into consideration spa businesses) contributes to the Irish economy with EUR 540 million on a yearly basis. With a population of less than 5 million citizens, Ireland has approximately 4,000 salons, which register a total of 7,2 million bookings each year.
Another way to start a business as a hair salon is by purchasing a company operating in this industry that is available for sale. The prices of hair salons available for sale in Ireland range between EUR 20,000 – EUR 40,000 and businessmen can contact our team of Ireland company formation experts for assistance on this matter.