The software industry is one of the most developed economic fields in Ireland. This sector has an innovative approach and it is comprised of more than 850 companies, out which 140 are represented by large multinational companies. Those who want to open an Irish company as a software business should take into consideration that most of the products manufactured in this country are exported to other countries (97% of all software items). Companies operating in this industry will need to obtain a software license and our team of Irish company formation specialists can advise on the procedure.
Software license in Ireland
The software license in Ireland is used for protecting the intellectual property rights of the owner. All software products have to provide a license, in which the parties, the licensor and the licensee, will establish the rights and obligations deriving from the usage of the respective software product.
The following video creatd by our Irish company formation advisers offers a short presentation on the registration of a software company in Ireland:
Depending on the destination of the software product, the company’s representatives can draw different types of software licenses. Investors interested in Irish company formation in Ireland may draw one of the following licenses:
• End User License Agreement;
• Software Development License Agreement.
The legal terms through which a licensee can use the software products of a company in Ireland are established through the latter mentioned agreement and our team of agents in company formation in Ireland can advise on this matter.
Business prospects for Irish software companies
At the level of 2017, the IT market (which also includes the software sector) is expect to grow by 3,6%. The software sector can provide relevant business prospects in certain sub-fields, as follows:
• cloud computing;
• semi-conductor manufacturing.
The semi-conductor manufacturing sector is a very competitive field of activity, as Ireland ranks as the 8th economy on export matters (at the level of 2016). In terms of export, Ireland is the second economy at a global level for the export of software and a leading economy on companies operating in this sector.
Businessmen are invited to contact our team of Ireland company formation consultants for more details on the regulations referring to the software industry.