Ireland As A Business Location - Autumn 2012
01 October 2012
As Managing Partner of Mason Hayes & Curran, it gives me great pleasure to introduce you to this edition of ‘Ireland As a Business Location’. As a top tier Irish law firm working with market leading companies in Ireland, we understand the many and varied challenges that corporations face when locating in a foreign country. We have the necessary skills to assist you during your initial set-up and in your ongoing legal requirements. To this end, we have established offices in both New York and London, two of Ireland’s most important conduits for inward investment.
Ireland has a lot to offer foreign organisations, from attractive and stable corporate tax rates to a highly motivated and skilled workforce. These factors, amongst others, have resulted in Ireland becoming one of the most successful locations for foreign investment in the last decade. The figures speak for themselves in terms of international confidence in the Irish market and underscore why major organisations choose to invest in Ireland.
• Ireland is ranked 1st in Europe for ease of doing business and 2nd globally as the most attractive country
for Foreign Direct Investment (FDI).
• 1,004 companies have chosen Ireland as their strategic location in Europe
• Ireland has a very competitive tax rate and also offers a 25% Research and Development tax credit.
• Dublin is ranked as the best city in the world for human capital with over 50% of our population under the
age of 35 and 60% of students going on to further education.
Given the context, it is easy to understand why eight of the world’s top ten ICT companies have chosen to base their EMEA operations in Ireland and we are delighted to advise a large number of these. Our specialised technology team operates at the top end of this market, advising on highly complex issues with international impact, particularly data privacy, outsourcing and IP.
Another major source of jobs and FDI in Ireland is financial services, which includes banking, investment funds, asset financing and insurance. Ireland is home to over 50% of the world’s leading organisations in this sector. Our dedicated and award-winning asset finance team works closely with local and international finance houses. In the insurance sector, we represent all of the major insurers, including Liberty and Mitsui on their entry to the Irish market. Liberty Mutual’s entry via the purchase of Quinn Insurance was a highly complex deal and was recognised as the ‘Most Innovative Deal of 2012’ by Finance Dublin. In terms of future trends, we are confident that we will see continued growth of inward and direct investment. This publication contains some highlights on the local market and the Irish legal system.
If I can be of any further assistance or you require additional information, please feel free to contact me.
Mason Hayes & Curran
*'Ireland by the Numbers' video was created by IBEC