Advantages of it include:
- More direct access to that market. Where you don’t establish an actual presence and you are not planning to service the market directly from Ireland, you are relying on the integrity of sales agents, distributors and couriers’/transport agents. It may be difficult at times to convince buyers/clients that you are in a position to provide an effective service within that jurisdiction where you do not actually have a presence in that jurisdiction.
- Wider opportunities for grant aid depending on your business sector.
- There are also some attractive tax saving methods available in the UK, such as generous capital allowances, Professional tax advisers in Northern Ireland should be able to advise on these issues, enhanced tax reliefs, for e.g. Research and Development, Patent Box.