International
support

In more than 90 countries

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Daniel FLORET
Head of International Desk United Kingdom, Nordic countries

Support by the
Crédit Agricole group

Last updated: August 2021

Crédit Agricole Group's International Desk provides support to the Group's corporate clients in Ireland for their on-site operations, including account openings, financing, information and banking advice. It relies on the Group's entities and leading local partner banks. For NBFCs, the International Desk offers the support of local law firms, accounting firms and its leading partners for the internationalisation of companies.

The Crédit Agricole group is active specialised financial services in the country: CACEIS and Crédit Agricole Creditor Insurance Life & Non life (Insurance).

For more information, see the list of the Crédit Agricole Group’s locations.

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Means of payment

With Ireland

Company cheque

Bank cheque

SWIFT transfer

Bill of exchange

Promissory note

Documentary remittance

Documentary credit

Usage

Common

Common

Common

Weak / None

Weak / None

Weak / None

Common

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Advice from the
international desk

General Information

Business in Ireland is conducted in a less formal way than on mainland Europe. This does not mean the Irish take business any less seriously. The Irish are often accustomed to conveying messages through anecdotes or information that may initially seem trivial. So be careful! Politeness is almost sacred and it may sometimes take precedence over objectivity of facts. Thus, a caller who remains silent for a long time before agreeing may be considered as someone who may have the intention of declining your offer. If things get tense, humour and self-derision should be used as assets.

The Republic of Ireland has traditionally been a host country for foreign investment, particularly in the fields of life sciences, finance or new technologies. In addition to a very advantageous corporate tax rate (12.5%) and numerous setting-up aids, the IDA (Industrial Development Authority) offers effective support to companies wishing to invest on the Emerald Island.

 

Means of Payment & Banking Specificities

As collection times may be long and the risk of fraud has recently increased, it is recommended to avoid accepting cheque payments from Ireland. SEPA euro credit transfers are highly recommended instead.

Although the Republic of Ireland is located in the Euro zone, the country's banking practices are similar to an Anglo-Saxon operating model, similar to that of the United Kingdom. You must present a report of the company drawn up by legal experts (“legal opinion”) to open non-resident accounts and the country is highly selective as far as local banks are concerned.

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