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Ease of Doing Business in

Ireland

Ireland Download Profile (1735.5KB, pdf)
Region OECD high income
Income Category High income
Population 4,640,703
GNI Per Capita (US$) 46,680
City covered Dublin

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 18 15 down
3
79.53 79.25 down
0.28
Starting a Business 10 19 up
9
95.91 94.18 up
1.73
Dealing with Construction Permits 38 43 up
5
76.01 75.03 up
0.98
Getting Electricity 33 27 down
6
84.19 84.17 up
0.02
Registering Property 41 40 down
1
76.28 76.27 up
0.01
Getting Credit 32 29 down
3
70.00 70.00
-
Protecting Minority Investors 13 10 down
3
73.33 73.33
-
Paying Taxes 5 5
-
94.40 94.40
-
Trading across Borders 47 47
-
87.25 87.25
-
Enforcing Contracts 90 88 down
2
57.88 57.88
-
Resolving Insolvency 17 17
-
80.01 80.01
-

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

41

DB 2016 Rank:

40

Change in Rank:

down1

DB 2017 DTF (% points):

76.28

DB 2016 DTF (% points):

76.27

Change in DTF (% points):

up0.01

STANDARD PROPERTY TRANSFER
Property value EUR 1,963,621
City Dublin
Indicator Ireland OECD high income
Procedures (number) info_outline 5 4.7
Time (days) info_outline 31.5 22.4
Cost (% of property value) info_outline 2.5 4.2
Quality of the land administration index (0-30) info_outline 21 22.7
  • Measure of efficiency
    No. Procedure Time to Complete Associated Costs
    1

    Conveyancing and standard requisitions on title ordered by the Incorporated Law Society of Ireland

    Agency: Lawyer's office

    The Incorporated Law Society of Ireland has a comprehensive set of conveyancing documents being standard requisitions on title investigating various matters including the following: services, easements and rights, obligations, outgoings, bankruptcy, taxation, building control and environmental regulations, fire services and health and safety, etc.

    In the case of a commercial property transaction a solicitor might consider it prudent to have the physical boundaries of the property in sale surveyed by an architect to ensure that it correlates with the boundaries of the property as shown on the Land Registry Map. To get an architect to certify the identity of the property will take 5 additional days and cost about € 500. The cost is subject to 23 % VAT.

    20 days (simultaneous with procedure 2) paid in Procedure 3
    * 2

    Obtain official certified copies of the property's folio and title map

    Agency: Property Registration Authority of Ireland

    Applications for a certified copy of the Folio and Title Plan can be made on-line on the websiet Landdirect.ie. Copies are issued to the applicant within 1 day of the request.

    Less than a day (online procedure and simultaneous with procedure 1) EUR 40 for all searches
    3

    Lawyer drafts contract and contracts are exchanged

    Agency: Lawyer's office

    The vendor's lawyer would draft the sale-purchase agreement, whilst the purchaser's lawyer would draft the deed which effects the title transfer.

    1 day between 0.25% and 0.75% of property value
    4

    Submission of documents to Revenue Commissioners

    Agency: Revenue Commissioners

    This procedure involves submission of documents to Revenue Commissioners for payment of stamp duty & impression of “Particular Delivered” stamp. Since January 1, 2010, the stamping of deeds is done online. The stamp duty is submitted electronically to the Revenue Commissioners, which in turn sends a certificate of confirmation of stamping via email to the purchaser's solicitor.

    The title deed must be stamped within 28 days of the date of execution of the deed or penalties will be incurred.

    Less than a day (online procedure) 2% of the value of the property
    5

    Lodgment of application for registration at the Land Registry

    Agency: Land Registry

    Once the title deed to the purchaser has been stamped, it can be registered at the Land Registry using the application Form 17. A facility to make an application for registration electronically via the PRA's electronic access system is available while the supporting documents are sent by post ( mailing usually takes 2 days) Supporting documentation will include the deed of transfer and payment of the appropriate fees.


    It is normally the case that the buyer's solicitor will prepare the deed of transfer and will send the draft deed to the seller's solicitor for approval. In certain cases, the vendor's solicitor will draft the deed (e.g. lease of building estate grant). When the deed of transfer is finally agreed between the parties, it will be signed by the parties to the transfer.



    On completion of the application the Property Registration Authority will advise the lodging party of the completion.


    The fee payable for the transaction referred to is €800

    1 day by post + 9 days of wait after lodgment EUR 800

    * Takes place simultaneously with previous procedure.

  • Measure of quality
    Answer Score
    Quality of the land administration index (0-30) 21.0
    Reliability of infrastructure index (0-8) 8.0
    What is the institution in charge of immovable property registration? Property Registration Authority
    In what format are the majority of title or deed records kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Fully digital 2.0
    Is there an electronic database for checking for encumbrances (liens, mortgages, restrictions and the like)? Yes 1.0
    In what format are the majority of maps of land plots kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Fully digital 2.0
    Is there an electronic database for recording boundaries, checking plans and providing cadastral information (geographic information system)? Yes 1.0
    Is the information recorded by the immovable property registration agency and the cadastral or mapping agency kept in a single database, in different but linked databases or in separate databases? Single database 1.0
    Do the immovable property registration agency and cadastral or mapping agency use the same identification number for properties? Yes 1.0
    Transparency of information index (0–6) 4.5
    Who is able to obtain information on land ownership at the agency in charge of immovable property registration in the largest business city? Freely accessible by anyone 1.0
    Is the list of documents that are required to complete any type of property transaction made publicly available–and if so, how? Yes, online 0.5
    Link for online access:  Landdirect.ie
    Is the applicable fee schedule for any property transaction at the agency in charge of immovable property registration in the largest business city made publicly available–and if so, how? Yes, online 0.5
    Link for online access:  Landdirect.ie
    Does the agency in charge of immovable property registration commit to delivering a legally binding document that proves property ownership within a specific time frame–and if so, how does it communicate the service standard? Yes, online 0.5
    Link for online access: Landdirect.ie
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the agency in charge of immovable property registration? No 0.0
    Are there publicly available official statistics tracking the number of transactions at the immovable property registration agency? Yes 0.5
    Number of property transfers in the largest business city in 2015: 13,751
    Who is able to consult maps of land plots in the largest business city? Freely accessible by anyone 0.5
    Is the applicable fee schedule for accessing maps of land plots made publicly available—and if so, how? Yes, online 0.5
    Link for online access: Landdirect.ie
    Does the cadastral or mapping agency commit to delivering an updated map within a specific time frame—and if so, how does it communicate the service standard? Yes, online 0.5
    Link for online access: Landdirect.ie
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the cadastral or mapping agency? No 0.0
    Geographic coverage index (0–8) 2.0
    Are all privately held land plots in the economy formally registered at the immovable property registry? No 0.0
    Are all privately held land plots in the largest business city formally registered at the immovable property registry? No 0.0
    Are all privately held land plots in the economy mapped? No 0.0
    Are all privately held land plots in the largest business city mapped? Yes 2.0
    Land dispute resolution index (0–8) 6.5
    Does the law require that all property sale transactions be registered at the immovable property registry to make them opposable to third parties? Yes 1.5
    Is the system of immovable property registration subject to a state or private guarantee? Yes 0.5
    Is there a specific compensation mechanism to cover for losses incurred by parties who engaged in good faith in a property transaction based on erroneous information certified by the immovable property registry? Yes 0.5
    Does the legal system require a control of legality of the documents necessary for a property transaction (e.g., checking the compliance of contracts with requirements of the law)? Yes 0.5
    If yes, who is responsible for checking the legality of the documents? Registrar; Lawyer.
    Does the legal system require verification of the identity of the parties to a property transaction? Yes 0.5
    If yes, who is responsible for verifying the identity of the parties? Registrar; Lawyer.
    Is there a national database to verify the accuracy of identity documents? Yes 1.0
    For a standard land dispute between two local businesses over tenure rights of a property worth 50 times gross national income (GNI) per capita and located in the largest business city, what court would be in charge of the case in the first instance? High Court
    How long does it take on average to obtain a decision from the first-instance court for such a case (without appeal)? Between 1 and 2 years 2.0
    Are there any statistics on the number of land disputes in the first instance? No 0.0
    Number of land disputes in the largest business city in 2015:
    Equal access to property rights index (-2–0) 0.0
    Do unmarried men and unmarried women have equal ownership rights to property? Yes 0.0
    Do married men and married women have equal ownership rights to property? Yes 0.0