Why is Ireland such a good place to business?

 

Hello there!

 

Thanks for joining me again on my digital economy news and updates blog. For this blog we are going to dive right into why Ireland is such a great location to business. Hopefully this week’s blog will grab your attention….

 

So, Ireland is a landmark for lots of global companies/FDI to set up in and here are 10 reasons why according to the IDA website as to why we are such a great little country!!!

 

Exportation

Ireland has a great network when it comes to exportation and has massive transportation relations to Europe and the UK. Many industries benefit from Irelands exportation including Technology, Pharmaceuticals , Food and beverages, medical devices , and financial services. A notable statistic from the IDA Why Ireland is 72% of total national exports (2020) were from multinationals in Ireland.

 

EU Membership

Ireland have been members of the European Union for over 50 years and have remained with steady relations throughout. We are a heavily engaged country internationally within the EU and we have a massive support across our nation towards our membership so much so that 83% of Irish people are positive about EU Membership and 88% believe that Ireland has benefitted from EU membership.

 

Home for FDI’s

Close to 1700 multinationals have based themselves on the isle of Ireland. They support Ireland positively by contributing to our economy and our society by means of direct investment and capital expenditure.

 

Economic Resilience

We are one of the most advanced economies and have maintained a very high standard of performance even during the pandemic. Ireland is set up for future situations through our underlying structural strengths and capital investment plans.

 

Pro-Business

Ireland is an extremely pro-business nation due to our continuous support for FDI’s. We have been ranked 4th most competitive economy in the EU, 12th globally and 3rd ranked globally for high-value FDI projects.

 

Irelands Accessibility

Ireland is a very accessible country from any angle due to our daily connections by sea and air from Europe the UK and anywhere else. Theres always accesses to transport and a well organised Airport right in our capital. We also have countrywide motorway network connects all regions with transport hubs and Ongoing public investment in sea, air, rail, and road networks.

 

Sustainability

Ireland has built and continued to progress on a policy that has three core objectives of sustainability, security of supply and competitiveness. Ireland also highly backs sustainable energy sources. We hope to have up to 80% of electricity from renewable sources by 2030 and a 50% reduction in emissions targeted within the same timeframe.

 

 

Highly educated graduates and industry aligned education.

Ireland has a great sea of highly skilled graduates and that have a base that highly support technology and science. A high focus is also put on women in STEM careers in Ireland which is the future pipeline. Many of the colleges and universities in Ireland are very industry focused and create lasting relationships with those industries around them. They use these industries to help guide and design their courses in order to produce the best and highly skilled graduates as possible. Just to note also that Ireland is home to 9 of the top 10 US technology and software companies are in Ireland and Industry-focused research centres offer talent and collaboration opportunities.

 

International Talent

Ireland is a nation that Is extremely open to international talent and houses a very skilled and diverse workforce and 9% of total people employed in Ireland in 2022 are non-Irish. We are also the 6th highest international share of workforce in the EU in 2022.

 

Quality of Irish life

Some of the most recognised international indexes rank Ireland among the best places in the world for quality of life, satisfaction levels, household income, education standards, health, and life expectancy. They also say that Ireland has the 2nd highest quality of life in the world (UN HDI)and among the highest life satisfaction in the OECD (Organization for Economic Cooperation and Development).

 

 

So, I think I have given a pretty good insight into why Ireland is such a good place to business there are many more reasons why business should be conducted in Ireland above was just a snapshot. For a very small nation we are continuing to thrive and thrive as time goes on and we have a reputation to succeed which we will continue to do so!

 

Thanks again for continuing on this journey with me into the digital world.

Chat soon,

Hazel