With exports continuing to be the primary driver of Ireland’s economic performance, it’s not surprising that the shape and dynamics of Irish corporates is evolving. While multi-nationals and in particular the pharmaceutical sector account for a significant percentage of Ireland’s export figures, exports by Irish owned companies are at an all-time high.
At WENTWORTH we have been alert to the evolution of the SME sector and the transformation many businesses have undergone in response to economic changes in Ireland. During the economic crisis businesses had to adapt to survive and this include looking increasingly at overseas opportunities. Our services have also evolved to meet the changing needs of our clients, including supporting their international commercial activities.
Our International Operation Support services focus on supporting international growth, including the setup of operations overseas. We have dedicated experts with experience in international expansion and operational support, in addition to our financial experts in audit, tax and advisory.
Many businesses can fall in to numerous taxation traps when they expand internationally and, sometimes are unaware they have created a permanent establishment overseas and that they have taxation liabilities in the new jurisdiction. Our International Operation Support services ensures that the appropriate operational and governance structures are put in place, allowing business to function properly and in a controlled manner.
Many businesses eventually as part of the organisational lifecycle of the business will expand their trading activities internationally. This brings a new spectrum of financial, commercial and taxation implications to bear on the business. At WENTWORTH we can assist businesses with new market research, taxation planning, cost base analysis, the finance function, transfer pricing, corporate structuring and the provision of interim management services along with a range of other services necessary for a smooth overseas expansion.
This service also caters for the needs of foreign direct investment into Ireland. We provide supports to middle tier corporates who are looking to relocate to Ireland. We are currently working with clients from the U.S., Europe, Asia and Australia, advising them on the process of setting up in Ireland.
Our services include:
- New market research
- Cost base analysis
- Corporate structuring
- Foreign company incorporation
- Interim management services
- Cost base analysis
- Business process outsourcing
- Taxation planning
- Repatriation of revenue
- PAYE exclusion orders
- Transfer pricing
- Permanent establishments
- VAT
- Personal tax planning
Other relevant services: