Ireland

Ease of Doing Business in

Ireland

This page shows summary Doing Business 2012 data for Ireland. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 4,451,310
GNI Per Capita (US$) 40,990.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
10 8 down -2
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 13 9 up -4
Dealing with Construction Permits 27 28 up 1
Getting Electricity 90 90 No change
Registering Property 81 76 up -5
Getting Credit 8 8 No change
Protecting Investors 5 5 No change
Paying Taxes 5 5 No change
Trading Across Borders 21 21 No change
Enforcing Contracts 62 37 up -25
Resolving Insolvency 10 9 up -1

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 13 DB 2011 Rank 9 Change in Rank down-4
Indicator Ireland OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
4 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
13 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
0.4 -- 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 -- 14.1
No. Procedure Time to Complete Associated Costs
1 The founder swears before a Commissioner for Oaths 1 day EUR 10
2 File necessary materials with the Companies Registration Office (CRO) 10 days EUR 50 with pre-approved memorandum and articles, EUR 100 for standard registration
3 Get a company seal 1 day (few hours) EUR 20
4 Register for corporation tax, social insurance (PAYE/PRSI) and VAT with the Revenue Commissioners 1 day no charge

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