1The big global players are already here
Many of the world’s biggest and most successful companies across a range of industry sectors already have considerable operations in Ireland, such as Microsoft, Pfizer, Abbott and Intel. These companies have done their research and voted with their feet, resulting in significant investments in their Irish operations. This is testament to their confidence and belief in the future of Ireland and her people.
Don’t take our word for it!
Former US President Bill Clinton, at the Invest in Ireland Forum in New York in February 2012, said:"You'd have to be nuts not to take advantage of the unique investment opportunity presented by one of the most business-friendly countries in the world, with the youngest, best-educated workforce in Europe."
Ireland is home to:
- 9 of the world’s top 10 medical technology companies, such as Boston Scientific and Medtronic
- 8 of the top pharma/bio companies including Pfizer and Amgen
- 10 top ‘born on the internet’ companies, like Google and Facebook
- 3 of the top 5 games companies, such as EA and Activision
Almost 1,000 multinational companies have chosen Ireland as their strategic European base due to our pro-business environment and attractive taxation rates.
- Ireland has one of the lowest corporation tax rates in Europe at 12.5%.
- Companies can avail of a 25% tax credit against research and development costs.
- Ireland has double taxation agreements with more than 60 countries, including every major trading partner.
3Ireland is a member of the European Union and the Eurozone
According to the IMF (International Monetary Fund), the economy of Europe is the largest and most affluent economy in the world. The euro is the official currency of the eurozone and is used daily by 332 million Europeans. The euro is the most traded currency in the world after the US dollar and Ireland is the only English-speaking country in the eurozone.
Benefits of the EU and eurozone include:
- duty-free access to the world’s most valuable market from Ireland
- companies in the eurozone are not exposed to currency fluctuations when trading in the eurozone
- CE mark certification is valid across the European trading area
- European citizens can move freely within the EU to live and work
4Talent and innovation
Ireland has the youngest population in Europe with an average age of 34.4 years. A 2010 European Commission study of third-level education stated that Ireland produced “the most highly employable graduates in the world”. Collaboration between leading-edge scientists and industry researchers is fostering a new generation of world-class innovation.
- Ireland is 1st in the world for the availability of skilled labour, according to the World Competitiveness Year Book 2011.
- IBM set up its first Smarter Cities Technology Centre in Ireland.
5Quality of life
Ireland has long been marketed as the land of a hundred thousand welcomes, Céad Míle Fáilte, and this is evidenced through the growing number of diverse nationalities working in Ireland. Contemporary Ireland is multicultural and multilingual, with a vibrant society living in one of the most open economies in the world. In 2011 the Lonely Planet Guide named Ireland as one of the top 10 friendliest countries in the world.