Why invest in the fintech sector in Ireland?
Ireland represents the top investment destination at a European level for fintech companies. Investors who want to open a company in Ireland in the fintech sector can benefit from the support of the local institutions, such as Enterprise Ireland, and can benefit from an attractive taxation system. Also, the local market is growing in terms of employment as more foreign companies are drawn here as a consequence of the Brexit decision. Our team team of consultants in company formation in Ireland can advise businessmen on how to set up a business in this sector and can offer in-depth assistance on the regulations addressed to the fintech industry.
What is the current trend of the Irish fintech industry?
The fintech sector in Ireland has been increasing at a fast pace in the last decade. If in 2008, this market was valued at EUR 850 million, in 2015, it increased at EUR 11 billion. This fast growing market has experienced relevant development for specific sub-sectors, such as banking, accounting, online banking and innovation. Our team of specialists in company formation in Ireland can advise on the incentives related to these industries.
What are the main types of fintech activities developed in Ireland?
Investors who want to start the procedure of company registration in Ireland in the field of financial technology (fintech) can choose from several types of activities that are relevant on the local market. Some of the main types of fintech activities are presented below:
- • transactions and payments – they refer to services developed by companies that offer modern means of processing payments;
- • asset management – services that are usually delivered by a financial service company or financial institution, such as bank;
- • financial advisory – the term refers to a wide range of activities that are offered by a professional, such as a financial advisor, who can help investors in managing various financial tools;
- • security and privacy – this field is one of the major concerns of the companies operating in the fintech sector in Ireland.
Businessmen are invited to contact our team of Irish company formation specialists for in-depth assistance on the registration of a fintech company. Our representatives can provide tailored advice and may assist on the business permits that can be required by the local authorities; investors can also request advice on the most suitable business structure that can be set up in the financial industry sector.