Why set up in Ireland
Why Ireland for ICT Investment?
- 10 of the world’s top ICT companies have a large base in Ireland (e.g. Intel, HP, IBM, Microsoft)
- Growing population … young, well educated, highly skilled, flexible & multilingual
- One of the world’s most attractive tax systems with a 12.5% corporate tax rate and 25% R&D tax credit
- Competitive costs, with ongoing improvements
- Flexible/pro-business location
- Excellent research facilities and capabilities
- The only English speaking member of the Euro-zone
- Access to an EU market of 500 million people
- An advanced telecommunications infrastructure
Ireland – Some Key Facts
- Ireland: 1st for real corporate taxes 1
- 1st for skilled labour 1
- 1st for investment incentives 1
- 1st for business legislation for foreign investors 1
- 1st in Eurozone countries for doing business (Forbes 2010)
- 1st for FDI & corporate tax regime (2009 Global Innovation Survey)
- 1st in Europe for R&D (from an after-tax cost perspective, using a given level of expenditure) (Source: Mazars 2010)
- World’s number 1 provider of employable graduates (EU Commission 2009)
- Second most globalised economy 2
- Third highest proportion of maths, science and computer graduates in the 20-29 age cohort in the EU 3
- IMD Competitiveness Yearbook 2011.
- EIU/Ernst & Young 2011. Measure reflects openness to trade, capital movements, exchange of technology and ideas, labour movement and cultural integration.
- 2010 Eurostat Yearbook.
