Ireland is one of the best places in the world to do business. International companies are attracted for a variety of reasons, but the facts speak for themselves.
Ireland has a small highly globalised economy, with a large exporting sector, and a significant number of multinational corporations. While the global downturn impacted significantly on Ireland, the outlook for the economy is improving.
. EUROPEAN COMMISSION IS EXPECTING GDP GROWTH OF 1.7% IN 2014, DRIVEN BY IMPROVING EXTERNAL AND INTERNAL CONDITIONS
. TOTAL EXPORTS EXPECTED TO GROW BY 2.8% IN 2014 LED BY CONTINUED GROWTH IN SERVICE EXPORTS
. UNEMPLOYMENT HAS FALLEN FOR PAST 2 YEARS DOWN TO 11.8% FROM A PEAK OF OVER 15%
. IRELAND’S COMPETITIVENESS HAS IMPROVED DRAMATICALLY SINCE 2008 & INFLATION IS BELOW THE EU AVERAGE
Corporate tax rates have been one of the principal elements of the favourable enterprise environment in Ireland for more than three decades. The Irish tax regime is open and transparent and complies fully with OECD guidelines and EU competition law.Ireland’s corporate tax rate is 12.5%. Organisations also benefit from a comprehensive tax treaty network providing tax treaties with 70 countries.
Cost of Living
Ireland’s cost of living has improved every year since 2008 compared to the European Union.Our portfolio of Business and Technology parks in strategic locations, along with a selection of privately owned properties, gives many options to potential investors.Ireland’s housing market continues to recover. The national residential property price index rose by 6.12% (6.01% in real terms) during the year to October 2013, according to Central Statistics Office Ireland.