A guide to why it might be the perfect time to consider a relocation of staff to the Republic of Ireland
While the Irish public will be hoping that a change of Government can signal a change in the fortunes of the nation’s economy, could it also be the perfect time to plan a relocation of staff to the country.
Having endured years of diminishing financial prospects under the stewardship of Bertie Aherne and Brian Cowen, hopes are high that the frugal building blocks put in place by the Fine Gael party can put the country back on a stable footing.
New Prime Minister Enda Kenny has been vocal in his criticism of the previous administration, and has already signalled his intention to make necessarily difficult cuts in a number of areas.
This could lead to a number of opportunities though, particularly in areas such as the property sector. If your business has experience dealing with the buying/selling of properties, you may be able to purchase properties while prices are at a genuine low, before later selling them on for profit.
For a small company looking to make their mark in such an area, it could be the ideal opportunity to experience genuine growth.
Moody’s, the powerful ratings agency, recently marked down the credit rating of several l Irish banks.
The decision is unlikely to affect savers; however those with money in offshore Irish banks are unlikely to be pleased with new ratings.
The banks directly affected by Moody’s downgrading of the Government guaranteed debt are Allied Irish, Anglo Irish, Bank of Ireland, EBS and Irish Life & Permanent.
Moody’s have stated that this particular downgrading does not affect its other ratings on the banks, which includes the rating of their deposits and their financial strength.
Deposits with Irish banks and their subsidiaries (including the offshore branches) are 100% guaranteed by the Irish Government at the moment, under the Eligible Liabilities Guarantee (ELG) scheme. Yet another reason why it could represent a prime relocation opportunity.
International relocation companies can help you with several of the complex aspects that go alongside any relocation.
