Ireland back from the brink - reasons to be positive

Over the past number of years Ireland’s reputation at home and abroad has taken a battering. Ireland suffered three successive years of negative economic growth during the years 2008 to 2010. Things are now beginning to improve, preliminary results from the Central Statistics Office (CSO) indicate that GDP increased by 0.7% for 2011.

Many multinational companies are now looking to invest in Ireland again. In 2011 new investment into Ireland increased by 30% and 13,000 new jobs were created by foreign direct investment (FDI) companies source (PricewaterhouseCoopers)

  Why Ireland is attractive location to invest  in

•    12.5% Corporate tax rate

•    Ireland has one of the youngest workforces in Europe

•    3rd lowest tax rate in the EU

•    48% of 25-34 years olds have a third level qualification

•    The only English speaking Euro-Zone member

•    33% of the population are under the age of 25

Ireland has become a hub for many FDI Companies

•    3 of the worlds top 5 gaming companies are located in Ireland

•    50% of the world’s top banks are operating here

•    9 of the top 10 pharmaceutical companies are in Ireland

Many of the job opportunities over the next few years will be primarily in exporting companies. While the domestic economy in Ireland is struggling the export sector is flourishing, and this is no surprise when you consider that Ireland is the 2nd largest exporter of medical devices and is one of the top 5 exporters of software in the world.