Moving to and managing money in Ireland

Employment permits, family routes and other permissions each have their own evidence. A job offer does not, by itself, give you the right to work.

Tax residence depends on days and, in some cases, on intention and ties. Count the days in the year you arrive. A permit is not that count.

Irish banks ask for identification, an address and a personal public service number once you have one. Opening an account before you have an address can be the awkward part. Ask what the bank will accept.

If you are paid in euros by an Irish employer, a local account is the simple path. Foreign accounts remain relevant for savings you are not moving.

Residents are generally taxed on worldwide income, with credits and reliefs that depend on your circumstances. Ireland has offered relief for some people assigned there by an employer. Confirm whether it still applies to your contract and your year of arrival.

Tax and social insurance are both part of the payroll picture. A net-pay illustration from another country is not a guide.

Dublin housing is competitive. Most new arrivals rent. Read the lease, the deposit rules and who the landlord actually is.

Buying is a solicitor-led process. Lending depends on Irish income and credit in many cases. A mortgage approval from the UK or elsewhere is not an Irish offer.

Funds and foreign accounts can be taxed in ways that surprise people used to another system. Ask a qualified adviser before you move a portfolio in order to ‘simplify’ it.

Employer pensions in Ireland and a pension you already hold abroad are separate. Contributions to the old one may stop when you leave the country that sponsored it.

Public healthcare access depends on residency and contributions, and private cover is widely used. Check waiting and what an employer plan actually includes for your family.

If you own a home in another country as well, insure each one for the way it is used.

Ireland is used both as a place to employ people and as a place to form a company. Those are different projects. A company formed in Ireland and managed from somewhere else may not achieve the result you expect.

Banking a new company takes its own due diligence. Do not assume the personal account will receive the company’s money.

Euro costs are straightforward if your pay is in euros. Sterling savings are a conversion, and the rate matters if you are moving a house deposit or several years of savings.

Banks ask why money is arriving. A contract, a sale completion statement or a gift letter is more useful than a verbal explanation.