Ireland Geography, Politics, Economics, and Culture

Ireland is geographically located in Western Europe, separated from Great Britain to its east by several bodies of water. Politically, it is divided into the Republic of Ireland (officially, Ireland) and Northern Ireland, which is a part of Great Britain. The Irish climate is known for being milder than one would assume for its northerly location, as a results of the Atlantic Ocean’s moderating influence, as well as abundant rain and cloud cover.

Ireland is a small nation that depends on trade for its economic growth. The Irish economy has continued to grow since 2017, largely attributable to increased job growth, strong export industry, and low inflation. However, the highest risk currently facing the Irish government is the U.K.’s planned departure from the European Union by 2019.

Ireland’s population is estimated at 5.01 million, most of whom are Roman Catholics, speaking primarily Irish and English. The Irish are known to associate their national identity with their religion. For instance, green is a color linked internationally to being Irish, and within Ireland, green is associated with being Catholic and Irish. Ireland still retains many elements of its ancient, indigenous culture as expressed through its Gaelic traditions in sports, music and language.

2021
March 17St. Patrick’s Day
April 5Easter Monday
May 3May Day
June 7June Bank Holiday
August 2August Bank Holiday
October 25October Bank Holiday
December 25Christmas Day
December 26St. Stephen’s Day
  • Private company limited by shares
  • Company limited by guarantee not having a share capital
  • Company limited by guarantee having a share capital
  • A public limited company
  • Single Member Company
  • Unlimited Company
  • Undertakings for Collective Investment in Transferable Securities (UCITS)
  • A designated activity company (Irish: Cuideachta Ghníomhaíochta Ainmnithe) or DAC
  • Corporate Tax: 12.5%
  • Income Tax (Lowest Marginal Rate): 20% (first €1,650 per year is deductible)
  • Income Tax (Highest Marginal Rate): 52% (40% income tax + 12% social insurance contributions on incomes above €70,000)
  • VAT/GST/Sales Tax: 23% (goods), 9%–13.5% (services), 0% (certain items of food)
  • Allied Irish Banks (Commercial Bank)
  • Bank of America Merrill Lynch International (Commercial Bank)
  • Bank of Ireland (Commercial Bank)
  • Bank of Montreal Ireland (Commercial Bank)
  • Barclays Bank Ireland (Commercial Bank)
  • Citibank Europe (Commercial Bank)
  • Dell Bank International (Commercial Bank)
  • DePfa Bank (Commercial Bank)
  • EBS (Commercial Bank)
  • Elavon Financial Services (Commercial Bank)
  • Hewlett-Packard International Bank (Commercial Bank)
  • Intesa Sanpaolo Bank Ireland (Commercial Bank)
  • JP Morgan Bank (Ireland) (Commercial Bank)
  • KBC Bank Ireland (Commercial Bank)
  • permanent tsb (Commercial Bank)
  • Scotiabank (Ireland) (Commercial Bank)
  • Ulster Bank Ireland (Commercial Bank)
  • UniCredit Bank Ireland (Commercial Bank)
  • Wells Fargo Bank International (Commercial Bank)

Aadmi can support you with your expansion to Ireland. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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