Business Reforms in Ireland
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Ireland made starting a business easier by removing the requirement that a founder seeking to incorporate a company swear before a commissioner of oaths.
Protecting Minority Investors: Ireland strengthened minority investor protections by introducing provisions stipulating that directors can be held liable for breach of their fiduciary duties.
Paying Taxes: Ireland made paying taxes more costly and complicated for companies by increasing landfill levies and by requiring additional financial statements to be submitted with the income tax return.
Registering Property: Ireland made transferring property easier by enhancing its computerized system at the land registry and implementing an online system for the registration of title.
Getting Credit: Ireland improved its credit information system by passing a new act that provides for the establishment and operation of a credit registry.
Enforcing Contracts: Ireland made enforcing contracts easier by modifying the monetary jurisdictions of its courts.
Labor Market Regulation: Ireland ended a 60% rebate for employers on severance payments and eliminated the requirement for third-party notification when terminating a redundant worker.
Starting a Business: Ireland made starting a business easier by introducing a new online facility for business registration.
Registering Property: Ireland made property transfers less costly by introducing a single stamp duty rate for transfers of nonresidential property. It also extended compulsory registration to all property in Ireland.
Registering Property: Ireland made registering property easier by reducing the maximum chargeable stamp duty for property transactions.