Benefits of Starting a Business in Ireland | Nathan Trust

One of the main benefits of setting up a company in Ireland is the country’s generous corporation tax rate of only 12.5% on worldwide trading profits. This can be attractive for entrepreneurs and investors. With its favourable tax environment, competitive business costs, skilled labour force, and access to the European market, Ireland is becoming increasingly popular as a destination for businesses looking to expand their operations.

There are many benefits to starting a business in Ireland, but some of the top benefits include:

1. Favorable Tax Environment

Ireland's corporate tax rate of 12.5% is one of the lowest in Europe, making it an attractive destination for businesses looking to maximise profitability. Additionally, in 2025, Ireland continues to provide robust tax incentives such as:

• R&D Tax Credits: A 25% credit on qualifying research and development expenditures is offered.

• CGT Entrepreneur Relief: Reduces the Capital Gains Tax (CGT) rate from 33% to 10%.

• Start-Up Relief for Entrepreneurs (SURE): A tax relief that provides a refund of income tax paid in previous years.

• Employment Investment Incentive: Provides tax relief to investors in startups that create employment.

• Start-up Capital Incentive (SCI): A tax relief that helps start-up companies raise equity financing.

These policies are particularly beneficial for companies in the technology, pharmaceutical, and manufacturing sectors.

2. Access to the European Market

Ireland is often called the “Gateway to Europe” due to its unique position as an English-speaking member of the European Union. As part of the European Union (EU), Ireland enjoys unrestricted access to other member states like France, Germany, Italy, Spain, and Sweden. This means trading without facing tariffs and complex customs procedures. Companies based in Ireland enjoy seamless access to over 450 million EU consumers without facing prohibitive tariffs or customs regulations.

• Connectivity: Dublin Airport offers direct flights to major European cities and global hubs, enabling businesses to maintain international operations effortlessly.

Ireland is part of the Eurozone, having adopted the Euro as its official currency in 1999. Currently, 20 out of the 27 EU member states utilize the Euro, making starting a business in Ireland a strategic move for global trade and market expansion.

3. Highly Skilled Workforce

New figures show Ireland has higher rates of third-level education compared to other EU countries, with third-level attainment rates here well above the European Union average across all age groups.

The data comes from the Central Statistic Office's (CSO) Labour Force Survey quarter two 2024 data and Eurostat data from 2023. (as mentioned recently in RTE news article)

"In Ireland, 63% of 25-34-year-olds had a tertiary level qualification in 2023 compared with the EU-27 average of 43%," CSO statistician Kevin Healy said.

• Renowned universities like Trinity College Dublin and University College Dublin specialise in fields such as technology, engineering, and finance.

• The government's continued investment in upskilling initiatives ensures that businesses have access to highly qualified personnel, which is essential for scaling operations effectively.

One of the key benefits of setting up a company in Ireland is its English-speaking environment, making business operations smoother for international firms. This advantage simplifies recruitment, negotiations, and government interactions.

Ireland's diverse workforce, driven by multinational companies and global mobility, offers access to multilingual talent across the country.

4. Business Support and Start-Up Ecosystem

Ireland has a pro-business environment and a convenient GMT time zone. Ireland offers extensive support services to help businesses succeed, including:

• Enterprise Ireland: Provides grants, mentorship, and access to global markets for start-ups.

• Local Enterprise Offices (LEOs): Offer tailored advice, training, and financial assistance to small businesses.

• Start-Up Visa Program: Attracts non-EU entrepreneurs with innovative ideas, fostering a diverse and thriving business environment.

5. Ireland's Strategic location advantage

Ireland's strategic location, bridging Europe and the United States, stands out as a significant advantage for businesses establishing their presence in the country.

This location provides businesses direct access to the EU's 450 million consumers and the North American market. Major multinationals like Apple, Google, and Pfizer leverage Ireland's excellent transport infrastructure and strategic position.

6. Competitive Business Costs

While cities like Dublin have higher operational costs, regions such as Cork, Limerick, and Galway offer competitive alternatives with access to skilled talent pools and modern infrastructure. Businesses can benefit from government-backed regional incentives aimed at decentralisation.

Why Choose Ireland in 2025?

Ireland's economy continues to thrive, with a projected GDP growth rate of 3.7% in 2025 (IMF). The country remains a global leader in sectors such as technology, life sciences, and financial services, making it a prime destination for businesses of all sizes.

Whether you are a start-up looking for support or an established multinational corporation looking to expand into Europe, setting up a business in Ireland can be beneficial for both your finances and growth prospects.

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💡 Discover More: Visit our comprehensive guide on Setting up a company in Ireland to explore key steps and FAQs.