PwC launches new 'Doing business and investing in Ireland' guide

Pictured launching the new PwC 2009 Doing business and investing in Ireland guide are (l-r): Liam Diamond (Tax Partner & Inward Investment Leader, PwC), Colm Kelly (Senior Tax Partner, PwC), Joan Callaghan (Tax Director, PwC) and Barry O'Leary (Chief Executive, IDA Ireland)

PricewaterhouseCoopers today launches its latest ‘Doing business and investing in Ireland’ publication.

As Ireland continues to manage the downturn, a key focus must be on ensuring that we remain a location of choice in which to invest and do business. PwC’s 2009 CEO Pulse survey confirmed that the majority of Ireland’s business leaders believe that Ireland remains well placed to attract investment going forward. The survey further revealed that Irish business has taken decisive action to ensure that it is well placed to recover quickly when world demand resumes.

Launching the report, Barry O’Leary, Chief Executive, IDA Ireland said:

“Despite the challenging economic conditions, Ireland continues to attract and secure FDI investment across a broad range of sectors. However, it has never been more important for everyone to work together to support further business opportunities. In doing so, we will continue to develop Ireland as a proven location for high value manufacturing and a thriving centre for the delivery of business services to global networks.

This report, by PwC’s inward investment specialists, provides such first class support and guidance for companies doing business and investing in Ireland. Through the insights provided and its useful summary of the laws, regulations and practices in Ireland, investors will be well placed to identify all relevant issues when establishing a business in Ireland.”

Speaking at the launch, Liam Diamond, Tax Partner & Inward Investment Leader, PwC said:

“Notwithstanding the downturn and the challenges presented, Ireland has a number of opportunities to shine. These include our strong talent pool, our favourable tax regime, our friendly pro-business environment and a positive approach taken by Irish Government which has prioritised the development of Ireland as a leading knowledge economy. Opportunities will exist for companies who keep ahead of trends and who position their businesses for the new world we will live in.”

Colm Kelly, Senior Tax Partner, PwC added:

“For the investing company, doing business in a foreign environment requires local knowledge and expertise to guide it through the financial reporting and tax requirements in order to operate successfully. This publication is a useful reference tool helping business identify and manage the opportunities for doing business in Ireland.”

ENDS

Notes to Editor

For copies of the report please call Sharon Fuller on 01 792 8936 or email.

Chapters in the report include:

• Ireland – an introduction
• The environment for inward investment to Ireland
• Business organisation in Ireland
• The labour market and its legal framework
• Corporation tax and tax incentives in Ireland
• Other taxes

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