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					General conditions for business in Ireland Many of the professional business advisory firms publish general guides on Irish business conditions, including the legal and taxation framework. Useful publications include Doing Business and Investing in Ireland by PriceWaterhouseCoopers and Doing Business In Ireland by BDO Simpson Xavier. However, it always advisable to check for updates. The Irish Economy The Department of Finance Monthly Economic Bulletins are a good source of current conditions. The Central Bank Quarterly and annual reports provide comprehensive information on the economy, while the Economic and Social Research Institute (ESRI) regularly publish commentaries and reports on various aspects of the economy. Many of the banks, stockbrokers and other financial institutions also publish regular commentaries and forecasts on the economy. Investing in Ireland IDA Ireland is the Government Investment and Development agency responsible for securing new investment from overseas in manufacturing and international services sectors. IDA Ireland also encourages existing foreign enterprises in Ireland to expand their businesses. The National Development Plan outlines the Government’s proposed investment programme in infrastructure, education and other major sectors of the economy over the next decade. Work Permits Information on work permits, employment rights and other regulations on working in Ireland is available from the Department of Enterprise Trade and Employment Establishing a business The most common form of business entity used in Ireland is the private limited company. Every company must maintain a registered office in the Republic of Ireland. The share capital of private limited companies may be denominated in any currency and the currency adopted is generally dictated by the company’s commercial requirements. Every company must have at least two directors, one of which must be resident in the Republic of Ireland. The Companies Registration Office provides information on the establishment and maintenance of a company. However, it is always advisable to seek the assistance of a professional business advisor if setting up a new company. Other useful sources of general information include Starting a Business in Ireland, the Start Your Own Business Guide published by the Department of Enterprise, Trade and Employment and the Enterprise and Entrepreneurship guide published by AIB. New business start-ups Certain forms of assistance are available to entrepreneurs to develop a new business idea or to start up a new business. Dublin Business Innovation Centre (DBIC) assists the creation and development of enterprise and innovation in the Dublin region.  DBIC accompanies selected entrepreneurs through the various start-up stages and continues to assist the business through the first three/five years by offering a variety of support services to assist business development. Assistance may also be available from County Enterprise Boards which are organised on a regional basis and in addition from the Bank of Ireland, Ulster Bank and the AIB.

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