A fintech company in Ireland refers to a wide category of businesses that provide innovative measures through which financial transactions can be completed. As a general rule, fintech companies designate business activities carried out in the financial sector. Businessmen who want to open a company in Ireland in the fintech field may benefit from numerous advantages, as the country is one of the most relevant locations for this sector. Our team of company formation representatives in Ireland can provide in-depth assistance on the registration of a fintech business, as well as on the incentives available for this type of activity.
Types of fintech activities in Ireland – presented by our team of Irish company formation agents
In order to register a fintech company, the investors will need to follow the standard registration procedure provided by the new Companies Act. Fintech businesses will need to be represented by a legal entity that will have to be registered with the relevant authorities, comply with the tax regulations available here, hire employees following the legal requirments and other compulsory aspects. Our team company formation agents can provide more details on the registration of an Irish company.
When starting the procedure of Irish company formation in the fintech industry, the investors are advised to study the current business activities that are carried out on this market. At the moment, the fintech sector in Ireland is represented by the following:
• transactions and payments;
• asset management;
• currency trading;
• mobile banking;
• financial advisory;
• security and trading.
The business activities of a fintech company can also refer to the technology applicable to back-end operations performed by banks and other financial institutions, but it can also refer to payments software and other similar services.
Why open a fintech company in Ireland?
It is advisable to start the procedure of company formation in Ireland in the field of financial technology because this industry is considered an investment priority by the Irish government. The country is promoted as a digital hub and numerous ICT companies are operating here at the moment, as Ireland offers numerous corporate incentives.
For example, companies can benefit from a low corporate tax (of only 12,5%), employment grants and others. It is also important to know that the country is the home of more than 50% of international organizations operating in the financial industry.
Fintech companies can benefit from various grants, depending on their specific activities and our team of consultants in company incorporation may provide more details. Please contact our Irish company formation specialists for in-depth advice on the registration of a fintech business.