Ireland is a go-to destination for foreign businesses seeking a strategic foothold in Europe. But what sets it apart from others? Let’s dive into the 9 key reasons:
𝟭. 𝗢𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗼𝘄𝗲𝘀𝘁 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝘁𝗮𝘅𝗲𝘀
Ireland’s 12.5% corporate tax rate is among the lowest in Europe, making it a compelling choice for tax optimization.
𝟮. 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗘𝗨
Due to Ireland's membership in the European Union, businesses can access over 450 million consumers, being particularly invaluable to businesses involved in goods, services, or financial markets.
𝟯. 𝗘𝗻𝗴𝗹𝗶𝘀𝗵-𝘀𝗽𝗲𝗮𝗸𝗶𝗻𝗴 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁
Ireland serves as a strategic entry point for many, particularly American businesses seeking to access the European market. As the only English-speaking country in the Eurozone, it removes language barriers.
𝟰. 𝗦𝗸𝗶𝗹𝗹𝗲𝗱 𝘄𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲 𝗮𝗻𝗱 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗲𝘅𝗰𝗲𝗹𝗹𝗲𝗻𝗰𝗲
Ranked 6th globally for higher education in 2024 by The Campus Advisor, Ireland is known for academic excellence. Top universities like Trinity College Dublin and UCD produce top talent in IT, engineering, and finance.
𝟱. 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻
Enterprise Ireland supports startups and SMEs, while R&D Tax Credits offer up to 30% relief. The Knowledge Development Box lowers IP tax to 6.25%, awith up to 80% deduction on relevant profitsnd the IDA provides grants and incentives for foreign companies.
𝟲. 𝗘𝘀𝘁𝗮𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗵𝘂𝗯 𝗳𝗼𝗿 𝗺𝘂𝗹𝘁𝗶𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻𝘀
Ireland serves as the European headquarters for numerous global corporations, e.g. Google, Facebook, Apple, and Microsoft. It's not just Europe's hub for U.S. tech giants—it’s a launchpad for innovative SaaS, biotech, and fintech startups.
𝟳. 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗲𝗱 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗿𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝗰𝗲𝘀𝘀
Ireland offers an efficient and straightforward system for setting up a business, with the Companies Registration Office (CRO) enabling quick incorporation. Foreign investors are permitted to own 100% of their businesses.
𝟴. 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀-𝗳𝗿𝗶𝗲𝗻𝗱𝗹𝘆 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀 𝗮𝗻𝗱 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲
According to the Ease of Doing Business Index, Ireland ranks high for its stable economy, transparent legal framework, and well-developed infrastructure. Key highlights include efficient banking systems, modern transportation networks, competitive utility costs.
𝟵. 𝗧𝗮𝘅 𝘁𝗿𝗲𝗮𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝗱𝗼𝘂𝗯𝗹𝗲 𝘁𝗮𝘅𝗮𝘁𝗶𝗼𝗻 𝗿𝗲𝗹𝗶𝗲𝗳
To ensure foreign businesses aren't double taxed on income they generate in Ireland, Ireland has signed over 70 double taxation agreements with countries like the US, the UK, China, Japan, Australia, and Canada, among others.
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