Do you know what companies like Google, Facebook, Pfizer, EA Games and Airbnb have in common? Its headquarters are in Ireland. These are just a few examples, because, in addition to being global giants, Ireland attracts more and more startups, which leads many people to baptize the country as the Silicon Valley of Europe. Understand better why this phenomenon is happening in Ireland.
The struggle to attract investment in Europe is not an easy one. Competition with countries like Switzerland, for example, is fierce. However, with long-term planning and sound decisions, Ireland has managed to stand out when it comes to attracting multinationals, mainly linked to technology.
First of all, it is undeniable that the higher tax burden attracts investors. With a tax rate of 12.5% on these companies. To give you an idea, in Brazil, the average is 34%, in the United States it is 35% and the world average is 22.96%, according to a study carried out by the National Confederation of Industry (CNI), in partnership with the Ernst Young consultancy.
The country also maintains several tax treaties with other countries, such as the United States, Canada, China, Japan and Australia, attracting investors from these places. In addition, startup companies are tax exempt for the first three years, other than the super profit $320 Euros
The existence of large technology companies, the growing number of foreign students and a relatively young but well-educated workforce it is the ideal scenario for companies to find qualified workers.
Ireland has a young population, with an average age of 35 years. A 2010 study by the European Union Education Commission identified Ireland as the country that “produces the most employable young graduates in the world”, that is, the student finishes their studies with the best qualifications on the planet.
Culture of cooperation
Another factor that definitely puts Ireland in the spotlight is the partnerships between universities and companies, which generate more and more qualified professionals. Cooperation at different levels, such as hiring interns, preparing studies and developing projects generate positive results for companies, universities and students, generating a positive and attractive cycle for all.
Land of Opportunities
As we have seen, Ireland is attracting more and more global giant companies and new talents that seek the country for their startups. In this way, the country has become a land of opportunities, for those looking for good jobs and for those who want to expand their business in foreign lands.
If you are thinking of a safer working life outside the country, as we have seen in this article, Ireland is one of the best options for you. Think about it!