Ireland’s medtech sector has established itself globally as one of the leading hubs for medical device and diagnostic companies in the world and the second largest exporter of medtech products in Europe. With nine of the world’s 10 largest medical device companies based in Ireland – and Europe’s premier cluster based in the Galway region – the sector employs over 38,000 people in 450 companies and generates sales in excess of €12.6 billion.
The sector’s track record speaks for itself. Supported by government, industry and strong academic research, Ireland’s integrated medtech sector has grown exponentially. KPMG has a long and successful history working with these companies to help them succeed in Ireland and overseas and to ensure their investments deliver profitability and reach their full potential.
Our success is based on understanding the pressures faced when looking to set up a business in a new jurisdiction or indeed to ensure continued high performance at an existing site. We combine deep industry expertise with timely and efficient support and advice across the complete range of audit, tax and advisory services. For those at start up stage, we provide a pragmatic and cost-effective assessment of the key issues including examining the most beneficial corporate and operating structures available; the potential for maximising taxation reliefs; fundraising, acquisitions and sales of businesses and advice on employee remuneration issues. For those already established here, we provide practical business focussed advice across audit, tax and advisory services designed to ensure that investors continue to receive timely, proactive and relevant advice and support.
With offices in Galway, Dublin and Cork you are never far from on the ground support where and when you need it. Please do get in touch – we look forward to hearing from you.