Ireland as a Digital Economy

Why Choose Ireland?

Ireland is an extremely attractive hub for tech companies for many reasons, these include:

1. The low corporate tax rate of 12.5% is one of the biggest pull factors for tech multinationals. This is the second best tax rate in the EU falling just shy of Hungary's 9% rate and slightly more advantageous than Lithuania's 15%. According to Tax Foundation, the average across European OECD countries is 21.5%.

2. Ireland's highly educated population is another enticing factor. The nation ranks third among the 38 member countries of the OECD for rate of third level accomplishment. 

3. As a by-product of point 2 there is a strong talent pool to choose from. With 62.3% of Irish people aged 23-24 having completed third level education, Ireland is a great place to set up headquarters as there is an extremely youthful workforce with one third of the population being under 25. 

4. The pro-business environment is another great selling point. According to the CSO, the value of FDI rose to over €1 trillion in 2019 with 9 of the top 10 US technology companies present in Ireland.

5. Ireland is the only native English speaking country in the Eurozone. This is a big factor as English is the current language of international business.

6. Building on from point 5, Ireland's connections to the European market is another advantageous factor as it simplifies trading with most of the EU.

7. Another alluring element is the diversity of the nation. With over 200 nationalities represented in Ireland, this shows it is a multicultural country.

8. Irelands focus on sustainability could enhance tech multinationals long term business value.

9. Irelands infrastructure is another appealing factor as this facilitates trade and investment.

10.  Last but not least is Irelands Economic strength. The GDP grew by 9.4% in 2022 which was driven mostly by multinationals.