It’s business-friendly

Encouraging healthy economic activity is a priority of the Irish government and Ireland has the fastest growing economy in the EU. It’s also amongst the most competitive economies in the world, with one of the lowest unit labour costs in Europe.

As the top country in the world for investment incentives and with a corporate tax rate of 12.5% Ireland is an especially hospitable environment for doing business. Double tax agreements with 74 other countries (73 are in effect)  affirm that international trade is a priority.

graph depicting top 5 European cities for capital investmentSource: fDi Markets

Thanks to a minimum of red tape and consistent, transparent regulations, the World Bank’s ‘Doing Business’ report named the country as the easiest location in the EU to set-up a company – and credits its tax system as the most business-friendly in Europe, North and South America. Dublin itself was ranked no 2 globally for ‘business friendliness’ by FDI. No surprise then that AIB, a major Irish bank, found that 97% of senior FDI executives would recommend relocating to Ireland.

Its strategic location is unique

Dublin is the gateway to Europe and has excellent links with the US; as one of the most globally connected cities in the world it is the ideal base for your business. Ireland is a committed member of the EU and the Eurozone. As the only native English-speaking country in the Eurozone (and post-Brexit, the only one in the EU), and with excellent transport, locating in Dublin provides unique access to the 500m-strong EU population – and with it 28% of the world’s GDP.

Dublin’s connections with the US – on a business, personal and political level – allow easy access to that market. What’s more, as one of only six countries worldwide offering pre-clearance, easy travel is facilitated between Dublin and a host of US locations.

Dublin docks area aerial view

It’s modern, multifaceted and multinational

Dublin is home to some of the most influential multinational corporations, with substantial clusters in technology (Google, Microsoft, IBM and Huawei amongst them), pharma and biotech (Johnson & Johnson, Roche, Pfizer, Novartis, MSD, Allergan and many others), and finance (including HSBC, JP Morgan, Deloitte, Accenture and PwC).

But this city isn’t made just for big hitters: Dublin is a hub of emerging as well as established multinationals with a thriving startup scene.

Its workforce is unmatched

Ireland is consistently ranked among the top countries in the world for labour productivity, availability of skilled labour, availability of financial skills and flexibility of its people, according to figures from the World Bank.

Dublin is home to the country’s top universities, and a recent European Commission study confirmed that the Irish are “the most highly employable graduates in the world”. Another key element of Dublin’s workforce is international talent. Highly skilled workers are attracted to Dublin for its many career opportunities, but especially for the great lifestyle that this compact, friendly city offers.

It’s a centre of innovation

One of the leading research, development and innovation locations in the world, Dublin welcomed almost $1.6bn in R&D investments in the five years to September 2017. The city’s commercial, political and social environment makes it the ideal location for companies to carry out successful and profitable RDI activities.

Global leaders in key high-tech industries have undertaken RDI projects in Ireland in areas such as Pharmaceuticals, Bio Technology, Medical Devices, ICT and Financial Services. In fact four of Forbes’ top 10 World’s Most Innovative Companies 2018 – Workday, Salesforce, Amazon and Facebook – have offices right here in Dublin.

graph depicting top 5 European destination cities by projects, inward FDISource: fDi Markets

Ireland’s dynamic RDI sector is stimulated by an exceptional level of collaboration between industry, academia, state agencies and regulatory authorities. The sector is also supported by a highly pro-business government policy. The government’s Innovation 2020 strategy on R&D, science and technology is intended to help Ireland further develop as a global innovation leader, as is the unprecedented €8.2 billion investment that has been made in a world-class research system as part of its strategy for Science Technology and Innovation.

Other unique advantages that Dublin-based RDI enjoys include a robust intellectual property (IP) regime, a young, skilled and well-educated workforce with strong technological and business skills and a low corporate tax rate.

Support Mechanisms

IDA Ireland has an extensive programme of grant aid for RDI projects. This includes a 25% R&D tax credit designed to encourage companies to undertake new or additional RDI activity in Ireland. In addition to funding, IDA Ireland provides a number of direct support mechanisms for RDI operations, such as employment and training grants.

Research Centres

Multiple research centres are located throughout Ireland focusing on RDI projects for specific key industry sectors. They range from ICT to Nanotechnology and Marine Science. The ones below are all based in Dublin.

  • ADAPT – Centre for Digital Content Platform Research
  • AMBER – Advanced Materials and Bio-Engineering Research
  • BEACON – Bioeconomy Research Centre
  • CONNECT – SFI Research Centre for Future Networks and Communications
  • Enterprise Ireland – The Technology Centre programme
  • FutureNeuro – SFI Research Centre for Neurological Diseases
  • iCrag – Irish Centre for Research in Applied Geosciences
  • iForm – SFI Research Centre for Advanced Manufacturing
  • INSIGHT – Big Data and Analytics Research Centre
  • UCD research institutes
  • TCD research institutes
  • TDU – DIT college of sciences and health research institutes

It’s smart

Continued investment in the city is ensuring that Dublin is ready for the future. Two projects in particular are are the vanguard of smart cities, Smart Dublin and the Smart Docklands district.

Smart Dublin is a joint project between the county’s four local authorities in partnership with technology providers, researchers and citizens. The Smart Docklands district, launched jointly by Dublin City Council and Trinity College Dublin’s CONNECT research centre in 2018, is an innovation quarter that will include public spaces to allow workers to connect with the start-up community as well as with university students.

You might also like...

Life in Dublin

Compact and easy to navigate; mild no matter the season; filled with opportunity: there are a lot of reasons Dubliners love the Fair City. But if there’s one reason to move here, it has to be the people. They’re the reason the city was recently voted in the top 10 friendliest cities in the world; why it has the greatest nightlife; why its art and culture is some of the most influential and vibrant to be found anywhere. And once you get here, they’ll be the reason you want to stay. Quality of Life If you’re planning on moving to Dublin, y

Read More

Global players

Since the 1950s, Ireland has pursued a vision of ‘industrialisation by invitation’ by creating a welcoming business environment. The country’s strong legal and regulatory landscape also contributes to its reputation as an attractive and stable place to do business. EU and Eurozone membership, a young, well-educated, English-speaking workforce and a competitive corporate tax rate have enticed thousands of international companies to set-up shop here. According to the IDA, one-third of MNCs in Ireland have had operations here for over 20 years, a clear demo

Read More

Business ecosystem

Ireland’s capital has a thriving, vibrant and diverse business ecosystem which always has room for entrepreneurial business people.

Read More