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ARTICLE · 20 SEPTEMBER 2024

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Leveraging Ireland's Startup Ecosystem: A Guide To HPSUs And Immigration Pathways

Enterprise Ireland, the national body in place to support internationally-traded professional services companies, defines High Potential Start-Ups (HPSU)...

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Enterprise Ireland, the national body in place to support internationally-traded professional services companies, defines High Potential Start-Ups (HPSU) as 'businesses with the potential to develop an innovative product or service for sale on international markets and the potential to create 10 jobs and €1 million in sales within three years of starting up.'

Support for HPSU in Ireland stems from various government initiatives, including funding via Enterprise Ireland. The corporate tax rate (presently at 12.5%) is also a means of attracting HPSUs to set up and headquarter in Ireland.

Ireland is regularly among top destinations for business lists globally and is the only remaining English speaking country in the European Union. Outside vast Foreign Direct Investment routes, Ireland has specific ease of access to the EU/EEA and Swiss markets as well as some favourable arrangements with the UK.

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