Information 

If you are thinking of setting up a business there are a number of issues you need to consider. Different supports and regulations apply, depending on your particular situation. You may be employed, unemployed or someone who is coming from outside Ireland to set up a business. 

You can find more information in these documents on becoming self-employed and closing or selling a business. General information for doing business is available on pointofsinglecontact.ie. Other sources include: the guide to self-employment, Toil and Trouble (pdf); Financial Support for Irish Business (pdf) and a leaflet on starting your own business (pdf) published by the Irish National Organisation of the Unemployed.

Your Local Enterprise Office provides information, training, advice and financial support to small businesses.

Resources for starting a businessEnterprise Ireland is an Irish Government agency which is responsible for the development of Irish industry. It provides advice and financial support to High Potential Start-Up (HPSU) businesses. You can find information about starting a new business on its website.

IDA (Irish Development Authority) Ireland is an Irish Government agency with responsibility for securing new investment from overseas in manufacturing and internationally traded services sectors. It can provide information about setting up a business in Ireland and may provide grants to companies wishing to locate in Ireland or expand their existing operations in Ireland.

The following organisations provide their members with advice and information about running a business: Small Firms Association (SFA) and Irish Small and Medium Enterprises (ISME).

The Enterprise Europe Network has published Info2innovate, an online directory of innovation supports and services for small and medium enterprises.

Unemployed?

If you are unemployed you may be eligible for the Back to Work Enterprise Allowance (BTWEA) or the Short-Term Enterprise Allowance (STEA). If you are starting a business, you also may get extra supports under these schemes, for example grants for training, market research, business plans and access to loans to buy equipment.

The Start Your Own Business scheme provides tax relief to people who are unemployed for at least 12 months and getting a qualifying social welfare payment and who set up a qualifying business. It runs from 23 October 2013 to 31 December 2016 and provides a two-year exemption from income tax (up to a maximum of €40,000 per year) for people who have been unemployed for at least 12 months prior to starting their own business. You can read more information in this Revenue guidance on the Start Your Own Business Relief.

Foreign Nationals

Nationals of the European Economic Area (EEA) or Switzerland do not need permission to set up a business in Ireland. Generally, non-EEA nationals must get permission from the Minister for Justice and Equality in order to set up a business in Ireland. They may be eligible to apply for the Immigrant Investor Programme or the Start-up Entrepreneur Programme. If they wish to start a retail, catering, personal services or similar business they should apply for the business permission scheme.

 

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