Reasons why many entrepreneurs are starting their businesses in Dublin

There are many excellent reasons to locate your new start-up business in Dublin. From our favourable low tax regime and supportive environment for start-ups, to the availability of well educated workforce Dublin is the place to be. Ireland is simply a great place to live.

Ireland has already attracted a huge level of foreign direct investment, particularly from the USA. Thousands of American companies have chosen Ireland because of its pro-business environment.

In summary:

  • There is a wealth of talent across the country
  • The population is the youngest in Europe
  • It is the only English-speaking country in the Eurozone
  • The workforce is highly-educated with availability of skilled labour
  • Labour costs are below European average
  • Ireland has a pro-business environment
  • The business infrastructure is constantly improving: Ireland has one of the most advanced and competitive telecommunications infrastructures in Europe

Reasons to invest in Ireland 

An entrepreneur establishing a start-up should definitely consider Dublin because of the incredible pro-business environment and the wealth of opportunities, supports and talent on offer. If you want your business to flourish, you need to be in the best location.

1. Dublin is a start-up friendly environment

Dublin is a low bureaucracy, low tax environment that is very supportive of entrepreneurs, we even have a Dublin Commissioner for Startups http://startupdublin.com/.    Read what credible independent sources say about the Irish business environment.

2. Dublin is a world leader in key innovative sectors

Dublin is home to world-class companies and research centres in sectors such as ICT, life sciences, gaming, financial services and food & beverages. This gives start-ups locating in Ireland easy access to quality staff, experienced entrepreneurs, investors, suppliers, research institutes and other support services with deep expertise in these sectors. 

Just one example of innovation is CeADAR , a world-class creative environment that fosters innovation and supports the development of a team of highly innovative technology professionals. http://ceadar.ie/Learn more about the innovative sectors in which Ireland is actively engaged.

3. Dublin is a dynamic source of start-up funding and support programmes

Dublin-based start-ups have access to an extensive range of start-up support programmes and, from a funding perspective, many types of investor, who between them can satisfy the needs of companies across all stages of their growth. On a per capita basis, the level of funding and grants available is high by international standards. Learn more about start-up funding and support programmes.

Thanks handy online tool helps identify which support is for you? https://www.localenterprise.ie/Discover-Business-Supports/Supporting-SMEs-Online-Tool/

Government support agencies include;

IDA Ireland http://www.idaireland.com/ (good video on the home page) Enterprise Ireland http://www.enterprise-ireland.com/ Local Enterprise Office Dublin City https://www.localenterprise.ie/DublinCity/

4. Dublin is a great place to live and work

Dublin is an ideal location for life and work with great opportunities for business and a great way of life for families. With a broad and well educated workforce, it is a great place from which to recruit and retain local and international talent. Learn more about living in Ireland.

Dublin's economic resurgence continues.

Key Facts (Spring 2019) from the Quarterly Dublin Economic Monitor

  • Employment: Unemployment in Dublin is down to below 5% from a high of 13% in 2008.
  • Residential Rents: Residential rents reached €1,650 during Q4 of 2018, however a decline of 0.8% may signal the first signs of market stabilisation.
  • Residential Property Prices: In decline for 4 consecutive months, the longest spell of declines since February 2012. 
  • Housing Completions: Rising to 6,932, year on year growth of 21.5% for 2018.
  • Public Transport Trips: Record levels of public transport usage in 2018, with over 223 million trips recorded, +6% on 2017 figures.
  • Dublin Office Rents: remain unchanged for 6 consecutive quarters however overall Dublin City rents have increased by 18% since Q4 of 2008.
  • Mastercards Dublin Spending Pulse: Dublin economy spending grew by 4.3% year on year Q1 2019. Overseas tourism spending increased by 15.1% but UK tourist spending decline by 5%. 
  • Output: Continued to rise sharply across the Dublin economy during Q1 2019 with the construction sector registering the sharpest rise in business activity.

5. Ireland is a gateway to world markets

Ireland is one of the most open and globally connected countries in the world. Its geographic position, easy transport links to Europe, the US and the Middle East; and membership of the EU and Euro provides easy access to some of the richest markets on earth. Learn more about Ireland as a base for accessing world markets.

Sources:

IDA Ireland, Enterprise Ireland, Connect Ireland, Dublin City Council, LEO Dublin City

Other:

More details about the Dublin Economic Monitor 

Dublin a breadth of fresh air video  

https://www.djei.ie/en/Publications/Publication-files/Statement-of-Strategy-2016-2019.pdf

Download 'Start in Ireland and Take on the World - Reasons Your Start-Up Should be in Ireland (pdf        format).

http://www.idaireland.com/en/how-we-help/resources/infographics/ireland-attracts-global-investment/index.xml

 

 

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