Investing successfully in Ireland
Ireland’s determination to remain a leading location for inward investment may be tested in the next few years, but recent experience suggests its chances of success should not be underestimated, says Paul Golden
The most obvious characteristic of the Irish corporate landscape is the influence of multinationals in sectors ranging from pharmaceuticals to technology to finance. Apple, Intel, HP, Accenture, MSD and Pfizer are just some of the global industry leaders that employ thousands of people in Ireland. Data from the Central Statistics Office suggests multinationals employ more than a fifth of the total workforce despite accounting for less than 1% of the total number of enterprises.
This is not a recent development, as Ireland began actively pursuing inward investment from pharmaceutical multinationals as far back as the late 1960s. But the impact of these mega-companies has been a hot topic in recent years as global tax rules have become widely discussed at EU level and beyond.