Tuesday, September 25, 2012

Planning International Expansion? Ever Considered Ireland as "Second Home"?

Beyond a Guinness whenever you want one from the neighborhood pub, opening an office in Ireland may make sense for your business. Hey, Red Hat and Quintiles both expanded to Ireland and maintained headquarters location here in the Triangle. And you could, too.

This of course assumes that your business is ready to expand. How do you know? Perhaps you'd want to drop in to CED for Open Office Hours with Jay Bigelow, Director of Entrepreneurship. They're weekly - on Tuesday afternoons between 2 and 4 PM. You don't even have to email or call in advance - swing through and ask questions relevant to expanding your business.

If you have considered international expansion, particularly in Ireland, you may be interested in an upcoming event, "Beyond the U.S. - Using Ireland to Drive International Growth." CED Member Dixon Hughes is hosting a breakfast seminar on October 2, 2012, 7:30 - 9:30 AM, and inviting five excellent speakers to discuss how to determine if one should expand into Europe and the process of doing so once the decision is made.

Ahead of the event, we've asked the organizer, April Mills, at Dixon Hughes, to share a bit more details about the event. Interested? You can register online at this link.

CED Team - Who should attend this event?

April - Any company that is considering expanding internationally, can be a startup to a company looking to expand footprint and sales.  Anyone with IP will benefit from this overview.

CED Team - Can you briefly describe the process of expansion?

April - Going abroad in a global economy, companies can look to several countries as a gateway to Europe.  Ireland, Netherlands, Luxemburg, Switzerland are countries with business friendly locations for establishing headquarters or holding structures or regional HQ.  As companies evaluation global expansion, key risks and opportunities include treasury/finance, management of intellectual property, research and development or other strategic supply chain initiatives.

CED Team - What are the benefits of Ireland – and not another location?

April - Ireland has favorable R&D credit, corporate tax rates, tax holidays and expat initiatives.  Ireland is one of many business friendly locations.

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