Paul Coghlan was re-elected to Seanad Éireann (Industrial and Commercial Panel) in July 2007.  He is Fine Gael Seanad Spokesperson on Arts, Sports and Tourism having previously held the portfolio of Enterprise, Trade and Employment in the Upper House.

He was elected to the Senate (Industrial and Commercial Panel) in 1997.

He was a member of Kerry County Council, Killarney UDC, Kerry VEC, and Dingle Harbour Commissioners. Paul is a member and former President of Killarney Chamber of Commerce. He was a founding director of Radio Kerry and is a trustee and former Chairman of Muckross House.

He is a member of the Institute of Bankers in Ireland, the Life Insurance Association and the Institute of Professional Auctioneers and Valuers.