Many international businesses have chosen to move their headquarters to Ireland in recent years. As a result, the country has become an attractive destination for foreign investors and entrepreneurs.
These large well-known companies have already moved their operations to Ireland, including Google, Facebook, Amazon, Apple, and Microsoft. The country has become a hub for multinational conglomerates, with many Fortune 500 companies having a presence in Ireland.
So, why is Ireland to be such an attractive destination for businesses? Here are some of the benefits that Ireland offers:
Low Corporate Tax Rates In Ireland
Ireland has a corporate tax rate of 12.5%, which is much lower than other European countries. This has made it an attractive destination for businesses looking to reduce their tax liabilities.
Highly Skilled Workforce
Ireland has a highly educated and skilled workforce, which is essential for businesses operating in a knowledge-based economy.
Supportive Business Environment
The Irish government has worked hard to create a supportive business environment, including a range of tax incentives and grants to help businesses get established in the country.
Access to the EU Market
Ireland has been an EU member since 1973 and has received significant financial benefits from being a part of the EU market which gives businesses access to a market of over 500 million consumers.
Attractive Immigration Policies
The Irish Immigrant Investor Programme allows high-net-worth individuals to gain residency in Ireland by investing in Irish businesses. Additionally, the country has a range of work permits and visas that make it easy for businesses to attract and retain skilled workers from around the world.
These factors have combined to make Ireland an attractive destination for international businesses. A recent survey by Ernst & Young showed that Ireland was the most attractive country in Europe for foreign direct investment.
In conclusion, Ireland is a great destination for businesses looking to expand internationally. From its low corporate tax rates to its highly skilled workforce and supportive business environment, Ireland offers a range of benefits that make it an excellent choice for businesses looking to set up operations overseas.
