Investing in Ireland
Investing in Ireland is an important decision that will impact your financial future. There is no ‘one-size-fits all’ approach and it is important to consider your needs, investment horizon, financial goals and level of risk before you decide how to invest.
The Irish government actively promotes Foreign Direct Investment (FDI) and has been successful in doing so since the mid-1990s. The principal goal of IDA’s investment promotion is job creation, particularly in high-value and technology-intensive sectors. A competitive corporate tax infrastructure, including the headline rate as well as double-taxation treaties, tax credits and sector-specific incentives, is a major factor in Ireland’s attractiveness to investors. Other factors include the availability of a highly educated workforce and a flexible labour market.
Investing in Ireland: A Complete Guide for New Investors
Ireland’s government agencies negotiate investment contracts with foreign investors, and a typical contract includes a requirement that the investor attest to meeting externally audited employment creation targets. Grant aid is only provided if the company meets these targets, and parent companies of grant-aided firms must guarantee repayment of government grants if the business closes before an agreed time period, typically ten years.
Investors are free, subject to planning permission, to locate their investments outside Dublin, and IDA has been focusing on developing regional hubs to facilitate investment activities across the country. No restrictions exist on the purchase of land for residential purposes by non-EU citizens, and a large number of equine stud farms and racetracks are owned by foreign nationals.
Investing in Ireland is an important decision that will impact your financial future. There is no ‘one-size-fits all’ approach and it is important to consider your needs, investment horizon, financial goals and level of risk before you decide how to invest. The Irish government actively promotes Foreign Direct Investment (FDI) and has been successful in…