There’s no secret as to why so many companies have chosen to base their operations in Dublin – Ireland is the top country in the world for investment incentives. Favourable Tax Regime Corporate Tax Rates Ireland’s corporate tax rate is 12.5%. That’s the third-lowest in the EU, and the third-lowest in the
State Funding & Supports
There is an extensive range of state supports available to companies choosing to base themselves in Dublin.
Foreign direct investment
For both established and emerging multinationals, the highly successful and long-established semi-state agency IDA provides a comprehensive range of services to overseas companies who are looking to establish or expand their operations in Dublin. From arranging introductions within government and industry to providing grants and other investment incentives, the IDA is your key partner for all aspects of your move to Dublin.
Enterprise Ireland is the government organisation responsible for funding and supporting new inward investment to Ireland in food manufacturing and innovation – including all food sectors, beverages, and animal nutrition.
Enterprise Ireland is also responsible for the development and growth of Irish enterprises in world markets. Amongst the support services that it offers to Irish-owned companies are funding, mentoring, training, assistance with forming collaborations for R&D initiatives and networking with overseas customers.
The four Dublin-based Local Enterprise Offices (City, South Dublin, Dún Laoghaire-Rathdown, Fingal) support startups and micro-enterprises of 10 or fewer employees. It can provide grants and other funding options to eligible businesses as well as mentoring, training and other supports.
Irish-owned high-potential startups can avail of funding and support from Enterprise Ireland.
Other Sources of Funding
Finance is available from Irish banks like Allied Irish Bank, Bank of Ireland, Ulster Bank, KBC and Permanent TSB.
Strategic Banking Corporation of Ireland
The Strategic Banking Corporation of Ireland (SBCI) is a strategic SME funding company. Its goal is to ensure access to flexible, lower cost funding for SMEs to create a competitive and dynamic SME sector.
Microfinance Ireland provides small loans of €2,000 to €25,000 to startups and microenterprise through the Irish Government’s Microenterprise Loan Fund.
The Ireland Strategic Investment Fund
The Ireland Strategic Investment Fund has a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland.
Disruptive Technologies Innovation Fund
The Disruptive Technologies Innovation Fund is intended for industry, academics, innovators and entrepreneurs who have an interest in the development of disruptive technologies.
SME Credit Guarantee Scheme
The SME Credit Guarantee Scheme exists to help companies that cannot access credit. You can apply for the scheme by approaching a participating bank: Ulster Bank, Bank of Ireland and AIB. While loans under the scheme are guaranteed by the Irish State, the lenders make all decisions on lending.
Employment Investment Incentive (EII)
The Employment Investment Incentive (EII) is a tax relief incentive provided to assist companies to raise finance which will enable them to allow them to expand and create or retain jobs.
There are many venture capital firms that can assist in funding your business in Dublin. These include:
- ACT Venture Capital
- AIB Seed Capital Fund
- Arch Venture Partners Europe
- Atlantic Bridge Capital
- BDO Development Capital Fund
- Business Venture Partners (BVP)
- Carlyle Cardinal Ireland
- Clarendon Fund Managers
- Crescent Capital
- Delta Partners
- Development Capital
- Draper Esprit
- Dublin BIC
- Enterprise Equity
- Fountain Healthcare Partners
- Greencoat Capital
- Innovation Ulster
- Invest Europe
- Kernel Capital
- MML Capital
- Pentech Ventures
- Silicon Valley Bank
- Suir Valley Ventures
- Synova Capital LLP
- University Bridge Fund
Crowdfunding has grown over the last few years as a source of financing startups and SMEs. Unregulated as yet in Ireland, regulation is expected shortly.
For startups, a range of other private sources of raising seed capital is available including from accelerators, incubators, crowdfunding and Business Angels (link to start up funding and support).
A wide range of Business supports are available from Research and Technology Centres, Business Networks, Industry Associations and Business Meetups.
Whether you’re looking for a 55m² retail unit or a 12,000m² office space, Dublin has the right spot for your business and one that will fit your corporate culture. From new-builds to conversions of characterful historic properties, and from bijou to very big, the perfect base for your start-up – or your international corporation – is here. Available locations include city-centre high-rises in the city’s Central Business District (CBD) and leafy suburban office parks. Thanks to on-going development, Dublin’s property inventory is growing rapidly. According to Property consultants CBRE, ’30 office schemes were under construction in Dublin city centre at
The World Bank’s Ease of Doing Business report ranks Ireland as the world’s 8th easiest place to start a business: “Ireland’s pro-business attitude and relatively low level of bureaucracy supports the setting up of business with a minimum of red tape…[its] strong legal and regulatory landscape makes the country an attractive and stable place to do business”. Regulation Irish regulators, across different sectors, have a strong reputation for excellence. These include the Central Bank of Ireland which is the regulator of all Financial services firms in Ireland, the Health Products Regulatory Authority (HPRA) which boasts a