“Despite the Global economic crisis, Ireland remains an attractive location for business and investment.
This is due to its low corporation tax rate and administrative barriers. According to the 2011 World Bank and International Finance Corporation report, Ireland ranks 9th out of 183 economies in terms of ease of doing business and 5th in terms of protecting investors. There are many positive aspects in setting up a business in Ireland, but as with all business transactions there are also issues that one needs to take into consideration.
Tourism is Ireland largest indigenous industry and investing in this sector remains attractive. The industry currently provides employment for over 200,000 people and is contributing in excess of 4% of GNP despite the challenges that it faced over the past 2-3 years.”
This special report from Horwath HTL looks at the Irish Hotel Market, looking at the operating and investment climates post crisis and examining what the future may hold.