With a generous corporation tax rate, highly skilled and educated workforce, and a glut of innovations; Ireland is set to become the Silicon Valley of Europe. But what makes it a hotbed for top companies like Google, Amazon, Facebook, etc. to launch their European headquarters in Ireland is its access to the EU and Eurozone markets. This makes it an excellent gateway to Europe.
Ireland immigration policies are highly favourable and welcoming for skilled workers. The easy-to-apply Ireland startup visa program upholds this statement by allowing interested entrepreneurs to immigrate to the State of Éire.
Ireland immigration policies are highly favourable and welcoming for skilled workers. The easy-to-apply Ireland startup visa program upholds this statement by allowing interested entrepreneurs to immigrate to the State of Éire.
5 Reasons Why Ireland Is the Gateway to Europe
If you are still wondering why Ireland is the best place to start a business, we share 5 convincing reasons why it can help your company expand internationally.
- Allows Access to World Markets
Ireland is one of the most well-connected countries in the world with strong transport links to Europe and the US. This means getting unfettered access to the European market. For instance, for goods moving between Northern Ireland and the EU, there are no checks, custom duties, or customs borders as it maintains regulatory alignments on goods with the EU. - Availability Of Skilled Workforce
Ireland is the only English-speaking country in the Eurozone which automatically makes English-speaking workforce available in abundance. Workers proficient in the English language give companies a great advantage to deal with other countries in the EU.
Ireland is also home to one of the most educated workforces in the world. According to the OECD data, 51% of 25-34-year-olds in Ireland have a third level qualification; compared to the OECD average of 42%.
These stats only mean that a potential startup in Ireland will never experience a shortage of skilled employees. - Favourable Tax Rate
With a corporate tax rate as low as 12.5% and a 25% R&D tax credit, Ireland has an undue advantage over other EU rivals. And if that wasn’t enough, the Irish government also offers employment, training, and capital grants making it one of the best places to start a business. - Innovation Leader
According to the Global Innovation Index 2021, Ireland ranks 11th in the world in terms of innovation. It is home to world-class R&D facilities and technologies in Europe.
Apart from the top ICT companies, Ireland also houses some of the biggest pharmaceutical and financial firms.
Ireland immigrations for Indian entrepreneurs seem to have risen owing to many tech startups and pharmaceutical companies wanting to expand in Europe. Over 60 Indian companies have invested in Ireland today. - Excellent Quality of Life
An excellent QOL is one of the contributing factors to the rise of Ireland immigration candidates. Not only is it a great place to work, but it is also rich in culture, sports, education, and scenic landscapes. Dublin, Galway, Cork, and Belfast are considered to be some of the best cities to live in Ireland.
How Ireland is the Best Fit for Indian Startups?
Besides providing a single window to enter the entire EU market, the profusion of English-speaking professionals makes it easy for Indians to adapt to the local parlance of Ireland.
The IDA offers many other benefits to Indian startups:
The IDA offers many other benefits to Indian startups:
- 24-48 hours company registration
- 1000+ MNCs
- Cheaper cost of living
- 12.5% corporate tax and 25% tax credit on R&D
- Flourishing fintech, medtech, and edtech sectors
- Free desk space and other incentives to IDA-introduced startups
How Does Brexit Impact Startups in Ireland?
If anything, Brexit has only strengthened Ireland’s position as a significant economic hub in the EU. Companies continue to expand their presence in Ireland as it gives them access to both the EU and the UK markets.
The Northern Ireland Protocol which applies to the EU and the UK is designed to avoid a hard border on the island of Ireland. Northern Ireland is thus a part of the UK customs territory as well as an entry point to the EU Customs Union. It means that Northern Ireland producers can import and export to the EU like before while they can also freely export to the UK. However, checks on some imports from Great Britain into Northern Island are necessary.
The Northern Ireland Protocol which applies to the EU and the UK is designed to avoid a hard border on the island of Ireland. Northern Ireland is thus a part of the UK customs territory as well as an entry point to the EU Customs Union. It means that Northern Ireland producers can import and export to the EU like before while they can also freely export to the UK. However, checks on some imports from Great Britain into Northern Island are necessary.
With solid financials and prospects for growth, Ireland has become a sure-fire gateway to Europe for many immigrants including Indians. Moreover, Ireland’s immigration is geared towards allowing migrants with skills and expertise that are needed by the Irish economy. Therefore, it is said that there could not be a better time to immigrate to Ireland.
Wondering what your best option is to move to Ireland? Contact our experts at Nysa Global who will help you figure it out.
Wondering what your best option is to move to Ireland? Contact our experts at Nysa Global who will help you figure it out.
