Dublin is a major global hub for fund administration, aircraft leasing, insurance and a range of wholesale banking activities. Ireland is the 4th largest provider of wholesale financial services in the EU. It is a base for a wide variety of financial firms which are attracted by robust regulation and a strong skills base as well as excellent investment and tax incentives. A combination of 12.5% tax and an exceptionally extensive and comprehensive set of double
High-quality tech and multilingual talent is readily available in Dublin. Add to this a rich tech startup ecosystem, 9 out of the top 10 global tech companies, a supportive business ecosystem including technology and research centres and an excellent quality of life and it’s easy to see how Dublin provides the perfect base to thrive.
“Dublin boasts the highest level of FDI on a per capita basis of all locations in the study”, according to FDI Intelligence in its report, FDI European Cities and Regions of the Future 2018/19. The report continues: “The city has established a reputation as a software and IT hub, with major investments in recent years from US software giants including Facebook and Google. In the five-year period analysed, almost half of all investments in the city were tech-based”.
According to a report published in Sept 2018 by CBRE (EMEA Tech Cities: Opportunities in Technology Hotspots) “Dublin is in the Top 3 large tech cluster cities, with both large and small tech occupiers expanding and looking to secure accommodation in the Irish capital.”
Paddy Conlon, executive director of the CBRE, has said: “Dublin’s continued success in growing its tech presence is supported by strong government and IDA promotion, particularly toward US companies attracted by the cultural affinity and attractiveness of the city to young talent from across Europe.”
This is confirmed by the 2019 Tholons Service Globalization Index which ranks Dublin as No. 5 in its top 100 Super Cities.
6 technological sub-sectors in which Ireland has already gained a global foothold have been identified by the IDA (link): the Internet of Things (IoT), Clean Tech, Cloud Computing, The Internet, ICT and software. The Irish tech industry is continually evolving, branching out into new disciplines including fintech, med-tech, automation technology, sports-tech, artificial intelligence and nanotechnology.
To learn more about Dublin tech companies, visit the TechIreland website and search keyword ‘Dublin’.
Large employers in this sector include
Ireland is a global centre for life sciences. Pharmaceuticals, biotechnology, medical devices and diagnostics are all areas in which significant investments in operations have been made on a country-wide basis. Ireland is one of the top global exporters of medicinal and pharmaceutical products. All of the top ten global pharmaceutical companies, nine of the top 10 medtech companies and seven of the top ten diagnostics companies have bases in Ireland. Numbers of Irish-owned companies in the sector have also grown significantly. Companies are attracted by Ireland’s favourable tax environment, international reputation in regulatory compliance and track record in clinical and
Dublin has long been famed for its vibrant arts and recreation scene. This sector accounts for almost 6% of all employment in the capital and has experienced comparatively faster growth than the EU average since 2011. This trend is expected to continue, boosted particularly strong growth in sports and recreation activities. Funding to support initiatives in the arts is available from bodies such as Creative Ireland, the Arts Council and Culture Ireland. The main bodies involved in the arts and recreation are: The Arts Council