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A NEW SURVEY has found that senior executives in most Foreign Direct Investment companies would recommend Ireland as a country to locate.
The research, commissioned by AIB, found 97 per cent would recommend it and 96 per cent of the companies that export report having a mainly positive experience.
More than three quarters of respondents think the business environment in Ireland will improve in the next year and 86 per cent of companies stated that ‘access to Europe’ was important or critical in relation to their priorities for setting up shop here.
The survey didn’t mention Ireland’s attractive corporation tax rate, which we imagine was also a big factor in their decision to locate here.
Simon Scroope, Head of AIB Corporate Banking said he hoped the research will be used as a resource to promote Ireland as a key destination for FDI all over the world.
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Low corporation tax and access to Europe would be the only reason . We do have an educated and experienced workforce but profit always comes first.
Let’s hope they continue to locate here as we badly need the employment .
Tony our educated and experienced workfore have left in droves unfortunately
The usual reason they give is the educated workforce, garbage, its all about the benjamins.
Ireland is a great place for FDI. Educated workforce, it’s in Europe, English speaking – without a doubt they are all factors. But it is the effective corporation tax rate that really attracts much of the FDI.
Dangers to new and existing FDI are left wing govt increasing this effective tax rate. Energy and labour costs are also significant factors, evident at the height of the boom in Ireland.
Juergen and why would you say anything different? You don’t want to pay US tax and don’t sent to pay Irish tax. Usual right wing tea party greed from the king of capitalist spin. Support the 1% with more wealth than the lowest 250 million Americans. But you now have your war in Ukraine and the IMF will fund and fuel it on behalf of the US imperialists.
Im happy to see someone pointed out the fact that we speak Engpish natively. There is only 2 countries in Europe who speak english natively. As a language barrier is a huge problem for companies it makes sense for american companies to locate here. People are always talking about the corporation tax. Im not saying its not a major reason but there are some other big reasons for locating here.
Gerry, the tea party is (mostly) against spending money on foreign interventionism and they don’t have any control in the US.
I think you’ve been drinking the Occupy Wall St kool aid.
Gerry this story has nothing to with the Ukraine. It’s about much needed investment into Ireland bringing money to the Irish state through employee tax and also corporation tax take. Thousands of jobs in Ireland depend on US FDI, and indeed the wider economic well being of Ireland in this still precarious recovery. I would prefer companies to pay zero tax as long as enough employees get well paid jobs contributing tax to your treasury. Your imperialist conspiracy theories blah blah don’t create jobs, FDI undoubtedly does.
Why do indigenous entrepreneurs not share this enthusiasm? No other advanced country is as dependent on foreign direct investment because of the lacklustre contribution of its indigenous industry to national prosperity. What will Sinn Fein and the looney left do to redress this scenario?
Because there are still some right wng red neck fools that still believe in the filter down wealth system.
They”ll tax all of them out of existence. SF’s economic polices don’t add up. Abolish LPT and Water charges, abolish USC and take thousands out of the tax net. Increase social welfare and spending, while decreasing income. Tax the wealthy (what their definition of wealthy is, God knows), tax companies more. Drive away investment and job creators more like. It’s easy to be populist in opposition, we’ll see how they’ll do in the coming months and years when the time comes to make tough decisions at local level.
Unlike other countries, the one reason why Ireland has never solved its unimploynent problem since the foundation of the state is its inability to provide and grow our own local industry’s on a large enough scale, thereby keeping the wealth generated in the country,it looks like our nearly total dependence on FDI for employment will continue,but while welcome, they alone will not solve our chronic unimployment problem.
Criticism of SF is very unfair. They have access to resources that no other ‘party’ has. They have a money tree and the unmentionable other.
@Jason Davis- its also easy to be populist in your opposition to SF! ;) read your own words then read the actual Finance Dept costed SF alternative budget on http://www.sinnfein.ie -try find your populist opposition sway in between, open mind afterwards!
They do. Look around you and read the financial pages.
Yes, Ireland needs to create more indigenous entities at home that can take root here and develop into global players in their respective fields, similar to Kerry Group, Glanbia, CRH, Aryztia, Smurfit Kappa, Ryanair, Kentz, Mercury Engineering, et al.
As seed and development capital for new businesses becomes more accessible in the marketplace following global financial crises of 2008, and as additional supports become available from Enterprise Ireland and EU (Horizon 2020) for innovation, entrepreneurs in Ireland now have the best chance to progress their new business ideas.
I think we have quiet a large number of home grown industry and quiet a number of successful internationally. FDI is huge and vital to Ireland at the end of the day 4.5million people just spending their money at home we would struggle st stay going we need foreign money. Saying that there is only circa 100,000 people working directly for US companies in Ireland so the other 2million employed are not to be forgotten.
As for never “fully” sorting out or unemployment problem. In the boom we had over 150,000 people on the dole when we needed 20,000 immigrants a year to fill the jobs on offer. That is not down to enough indigenous and local industry to keep people employed that is something completely different altogether.
Is that the budget that would see anybody who owns a house, a car, her business premises and a small trading company shelling out at least 10000 Euro a year on top of income tax. Or that pretty much every farmer in the country will have to raise from somewhere 10000 a year to pay the same wealth tax. Or that you will pay 10% more tax on the death of your parent. Or that there will be a new 48% tax band. Is that the ine you are talking about?
Yes but Sinn Fail will be in power in 2016 and then they will leave in droves.
Its so funny…fear mongering that the Country will fall apart if Sinn Fein get in power. You would imagine we have a functional Country fighting for its citizens rights thats at risk of being lost, wake up!
Photograph proves what 75% of Ireland believes – Dublin is Ireland – screw the rest of the country!
Wow, you’re a real idiot!
Explain ???
Have you heard of Shannon? The first place in the country to receive any FDI way back in the 60′s! Only for the positive experience that the companes had there the rest of the country wouldn’t have benefited from any FDI! It remains to this day the largest single site concentration of foreign investment in Ireland.
And would have progressed twice as fast except for DAA sticking their greedy hands in! You are giving me one example out of 31 counties !
I didnt think I’d need anymore, you said Dublin (1 example) is Ireland; I explained Shannon (1 example) was long ahead of Dublin! Therefore Dublin is not Ireland, all counties have a part to play in making Ireland what it is! Going on your theory we could blame Dublin for the financial crisis as the headquarters of all banks is in Dublin but we all know outrageous decisions throughout the country contributed to the financial crisis!
Companies love doing business here. Would it be anything to do with the slave labour scheme called jobbridge cos that makes our labour force actually very competitive…….. But also poor and exploited.
“97 per cent would recommend it and 96 per cent of the companies that export report having a mainly positive experience”… so there’s 1% who didn’t have a positive experience but would still recommend it? Sound
What next, will Glanbia release research saying that Ireland have the best milk and cheese in the world? “I completely trust any research that Irish banks carry out” said nobody ever.
Our tax policy will be changing in the next year or so. Some if not all of the tax avoidance loopholes are being closed. The rate will remain the same. It’s going to interesting how this plays out.
Profit is not a dirty word and all business is about the pursuit of profits. The purpose of any business is to create value for a shareholder by giving value to a customer.
The reasons why American businesses in particular chose Ireland are simple;
1. Unfettered access to the European single market.
2. Common language.
3. They understand and have confidence in the legal system.
4. A benign taxation regime combined with comprehensive international tax treaties.
5. Educated work force.
6. Stable and democratic system of government.
And, of course, if they are prepared to locate in areas of high unemployment there will be cash incentives.
Sure why would you not invest here?
The government has no interest in indigenous companies. Nearly all govt funding is given to companies who are looking to export straight away. This leads to an inferiority complex so when they do succeed they take the first buy-out offer to come along from one of the international big boys and run.
And they’re right because if things did get tough for them they know our govt will be too busy laying out the carpet for slimeballs like Donald Trump to care.
Unless the are prophets of doom!
Nothing wrong with making a prophet, being competitive and continually striving for better.
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