60 Irish start-up companies formed per day in 2016

7,665 new companies have been formed in Ireland between the 1st January and 12th May 2016.

That’s an average of almost 60 per day.

Most are in the professional sector – accountants, consultants, legal practice and the like.

Finance and wholesale & retail sectors were the second and third most popular industries for start-ups.

The construction sector has rocketed with a 29% increase in numbers this year.

Meanwhile, 9,864 businesses were registered in Ireland. 65% (6,377) were set-up by sole-traders, 26% (2,517) by companies and the remainder by partnerships (two or more individuals).

Source: http://www.vision-net.ie/

Siobhan O’Shea is a freelance writer. She writes about pretty much everything but especially likes to bring readers’ attention to new tech, marketing, human behavior, and other oddities.