Ireland as a Digital Economy: 10 Reasons why Business' Thrive in Ireland

Hi Everyone, 

Welcome back to my blog! As I mentioned last week, this post will focus on Ireland's digital economy but more specifically the top 10 reasons why business choose to locate here in Ireland.

1. Low Corporation Tax. 

Being one of Europe's lowest rates, Irelands' corporation tax of 12.5% is the most attractive for businesses when deciding where to set up. This helps maximise profits while reducing their tax burden.

2. Tax Credits and Capital Allowances.

These are additional incentives to reduce taxes even further.

3. Accessibility. 

Irelands exceptional transport system allows easy access to airports and daily international connections by sea and air. Regular investment is devoted to these networks.

4. Highly Educated Graduates.

IDA Ireland has identified that 62.3% of Irish people, aged 23 to 34, have completed third level education. This leads to increased productivity, especially in knowledge intensive and high technology sectors.

5. Advanced Technology.

Ireland's advances in technology allow businesses to expand their reach, streamline operations and enhance productivity. The adoption of ecommerce has assisted in online sales and reaching a global audience.

6. English Speaking.

Roberts Nathan states that Ireland is one of the only two English Speaking members of the Euro zone.

7. Political Stability.

Businesses find that placing their investments in peaceful places such as Ireland appealing. Irelands political system is very stable which assures security for investors.

8. Quality of Life

Ireland is ranked as the second-best place in the world regarding quality of life with high life satisfaction.

9. Diversity

There are 200 different nationalities represented in Ireland and reports show that Irish people are extremely friendly towards foreign residents.

10. Start-Up Funding and Support

Enterprise Ireland discusses the extensive range of support programmes provided in Ireland which satisfy needs of companies through their growth.

I may be biased that Ireland is a wonderful place to do business, however the above factors support this. I hope you’ve enjoyed this post and let me know in the comments if you have or would set up a business here in Ireland.

Until next week!