Ireland as a Digital Economy

Ten reasons why Ireland is such a good place to invest

Talent

Ireland has become a place where a lot of Europeans like the work and over the last number of years has attracted a large number of multinational companies to set up bases in Ireland such as the Google and Facebook offices in Dublin. As well as that the stats tell us that 1 out of 3 multi-national companies are in the country over 20 years. The massive array of talent in Ireland includes 14 of the top 15 medical technology companies with also the top 5 industrial automation companies and the top 5 global; software companies.

The Irish Economy

Irelands economy is stable, competitive, secure and pro-business and is a committed member of the EU single market. This makes the Irish economy attractive to foreign tech companies to invest and set up companies in Ireland with the flourishing state of the economy from a business perspective.

Committed EU Member

Ireland is the only English speaking country in the eurozone and is one of the most internationally engaged companies in the world.

Pro-Business Environment

Ireland has consistently ranked as one of the top countries in the world in which to do business in, supporting FDI growth. Successful governments have maintained this pro-business outlook.

Infrastructure

Ireland has all the resources that a modern business needs, with networks and transport links and easy access to the EU market and international supply chains. Ireland also has a sustainable energy commitment with the aim of having 80% of energy supplied by renewable;e sources by the year 2030.

Ireland also has great connectivity for companies with access to high speed, low latency networks to the US, UK and EU.

Quality of Life

As well as being a great place to do business Ireland can offer a high quality of life with an open, multicultural and diverse population there's something for everyone. I have touched on Irelands strong infrastructure already but outside of that there are a lot of locations around the country worth seeing and public transport is always readily available.

Highly Educated Work Force

Ireland has one of the best higher eduction systems in the world and a highly educated work force so there would be no shortage of skilled labour should a company choose to locate in Ireland.

Low Tax Rates

Ireland has one of the lowest tax rates in the world. A lot of multi-national companies have chosen to set up in Ireland due to the low corporation tax rate of 12.5%. Also the 25% tax credit against research and development costs is a huge draw for multi-national organisations.

Springboard to European Union

The benefits of Ireland being in the EU are : Duty free access to the worlds most valuable EU market.

Companies in the Eurozone are not affected by currency fluctuations.

Citizens can move freely within the EU.

Reliefs for Expats

Ireland has a programme called the Special Assignee Relief Programme which allows relief from income taxes earned by employees designated to work in Ireland. This is essential when a business is in the earlys stages of doing business in Ireland.

gov.ie - Harnessing Digital - The Digital Ireland Framework

Above is an interesting link if you would like to learn more about Irelands digital economy framework.

If you've managed to get this far, thanks for reading!