1. Europe
has an average of 21.5% tax rate, and Ireland is greatly below this with a tax rate
of 12.5%, this makes Ireland highly attractive to global companies, companies
that are taking advantage of this low tax rate is Google, Pfizer, Apple and Johnson
& Johnson. In 2021 Ireland had the second lowest tax rate in Europe
according to Statista, Hungary with the lowest at 9% and Portugal's highest tax
rate at 31.5%
2. Ireland
also has tax treaties with Japan, Australia, Canada, the United States and the United
Kingdom, this allows a 25% research and development tax credit.
3. Ireland's highly skilled workforce, Ireland has the highest average of 18-year-olds in
education than any other European country. Ireland’s colleges are also up to
date with the constantly changing technological environment by offering
constantly adapting and updating IT courses and offering a large variety of apprenticeships.
4. By doing
business in Ireland gives business access to the European markets as it is
part of the European Union and since Brexit has occurred Ireland is the only country
in the EU that speaks English as their first language which is a great
advantage to companies originally located in English speaking countries such as
America or Australia.
5. Ireland
has a programme available known as the ‘Special Assignee Relief Programme ‘it
is an income tax relief for people who are assigned to work in Ireland who are
originally from another country.
6. Ireland
is accessible from anywhere, Ireland has access to airports and sea
links such as ferries and boats, that will transport you to places within Ireland
and internationally. Motorways are located all around the country which allows
for easy access to goods around the country. Ireland is constantly adapting and
improving their road, rail, air, and sea networks.
7. Ireland supplies grants and funding to companies starting
up annually to new businesses, a company within Ireland known as ‘Enterprise’ supplies
a 10 million euro fund to attract international startups in Ireland.
8. Enterprise also offers startups a broad range of other
supports, these can include mentoring, introducing them to advisors and incubation
programmes. Ireland's local enterprise office also offers support to small and
medium-sized enterprise startups with support such as financial aid, training and
by holding networking events throughout the year.
9. Ireland has a good quality of life, although working and
living in Dublin is not cheap it is cheaper than some other large cities such
as London and New York. The UNDP Human Development Report Index 2020 found
Ireland to have the second highest quality of life in the world, ranking number
two of 189 countries.
10. Ireland ranked first place for being the easiest place
to set up a company within Europe and since 2014 Ireland has been one of the
fastest growing nations within the European Union, and it has attracted hundreds
of international businesses such as Facebook, Intel, Microsoft and others. These
big companies relocating can result in other big and smaller companies
relocating and branching to Ireland due to the fear of missing out.
References
Image: https://www.etsy.com/ie/listing/586690911/ireland-map-print-ireland-wall-art
1: https://www.statista.com/statistics/1253236/combined-income-tax-rate-europe/
3: https://www.nathantrust.com/insights/ireland-is-the-number-1-destination-for-us-tech-firms
7: https://www.thinkbusiness.ie/articles/moving-business-to-ireland/
8: https://www.thinkbusiness.ie/articles/moving-business-to-ireland/
9: https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=New+York%2C+NY&country2=Ireland&city2=Dublin#:~:text=Cost%20of%20Living%20Comparison%20Between%20New%20York%2C%20NY%20and%20Dublin,you%20rent%20in%20both%20cities).
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