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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/

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