Ireland is an attractive destination for global companies and was recently awarded the top spot in Forbes’ Best Countries for Business list.
Ireland continues to attract companies from a variety of sectors including ICT, Life Sciences, Financial Services, Engineering, Digital Media, Computer Gaming and Social Media
Ireland can give companies a strategic European base from which they can
achieve their global vision. With English as the main language, it is easy to set-up and operate in Ireland.
Due to its young native
population and large numbers of multilingual talent from across Europe, it is easy to access and
service other European countries from Ireland
Many multinational corporations that originally located in Ireland because of the low rate of corporation tax have continued to expand
their activities in Ireland because of the availability of a skilled workforce and the technology infrastructure.
Ireland also has a flat corporation
tax rate of 12.5% for companies. The Irish tax regime is open and
transparent and complies fully with OECD guidelines and EU competition
law. Due to such attractive tax, regulatory and legal regime, combined
with its open and accommodating business environment, Ireland’s status
as a world-class location for international business is well established
and prompted Forbes to rank Ireland 1st in the world for best place to do business in Dec 2013.
U.S. firms invested $129.5 billion in Ireland between 2008 and 2012. It
represented a greater total than had been invested in the previous 58
years combined. Ireland was the fourth-biggest recipient of U.S. foreign
direct investment last year and attracted almost as much U.S.
investment as all of developing Asia.
Companies like Google, Intel, Microsoft, Pfizer are among the world’s
leading corporations that have set up in Ireland. Some of India’s best
known companies also have operations in Ireland including HCL, Wipro,
Wockhardt, Reliance Life Sciences, Ranbaxy, Crompton Greaves and TCS.
There are now more than 1,000 overseas companies with a presence in
Ireland and they employ 150,000 of the nation’s 1.9 million workers. Dublin has already established itself as a location for multinationals,
so it has the necessary infrastructure for other companies to easily
move into the country and set up shop.