IDA Ireland’s main objective is to encourage investment into Ireland by foreign owned companies. It works as a strategic partner and provides consultancy and support services free of charge to help organisations set up and grow. Our success is measured by the impact of Foreign Direct Investment (FDI) and IDA-supported companies on the Irish economy.
Ireland: the Number One choice for Foreign Direct Investment
Our people and your business, a winning combination
There are many reasons why companies locate themselves in Ireland, but it all starts with positive leadership and policies. Successive governments have developed an open economy and invested heavily to develop Ireland's infrastructure. This has allowed the IDA, a semi-state body, to continue to attract high-performing industries to our shores, even through challenging times.
We favour green lights over red tape, which is why we are the best country in the world for ease of doing business (Forbes). New business is welcomed and supported by the flow of talent coming from our schools, universities and abroad, to work for high-performing companies across a range of cutting-edge sectors.
IDA Ireland’s main objective is to encourage investment into Ireland by foreign-owned companies. It works as a strategic partner and provides consultancy and support services free of charge to help organisations set-up and grow. Our success is measured by the impact of Foreign Direct Investment (FDI) and IDA-supported companies on the Irish economy.
2015 was a record year for FDI in Ireland as IDA client employment reached its highest ever level at 187,056 people.
IDA Ireland client companies created 18,983 jobs during 2015 across a range of sectors, with every region of Ireland posting net gains in jobs.
Renewed export growth
In 2014 total exports from IDA clients were €130bn representing 67% of national exports of €194bn. IDA clients have diversified their exports across the globe. In 2014 51% of exports from IDA clients went to Europe (excluding the UK) and 20% to North America. IDA client exports to the UK were €17bn or 13% of total exports. UK exports as % of total exports has trended down from a high of 17.5% to the current level of 13% over the past number of years.
Ireland is increasingly seen as the place to undertake substantial R&D activity and is ranked as 6th most innovative EU country (European Innovation Scoreboard). IDA clients spend €1.5bn on in-house R&D annually and employ 12,600 R&D staff.
Spend in Irish Economy
Total spend in IDA supported companies grew by 8% from €16.7m to €18m from 2013 to 2014.
Ireland has an impeccable track record for attracting Foreign Direct Investment for over 50 years, helping Ireland's economy beat global trends. IDA's track record speaks for itself, as our partnership approach has led to increased investment, expansion and diversification of client activities.
Ireland’s corporate tax rate is 12.5%. Organisations also benefit from a comprehensive tax treaty network providing tax treaties with 70 countries.
Ireland has a small highly globalised economy, with a large exporting sector, and a significant number of multinational corporations. While the global downturn impacted significantly on Ireland, the outlook for the economy is improving.
The Irish economy has recovered with domestic demand improving and strength in our trading partners fueling external demand:
- Ireland has retained its status as the European Union’s fastest growing economy
- Unemployment has been falling for the three years, as the economy continues to add jobs
- Domestic economy now recovering and contributing positively to growth
- Exports are at an all-time high, driven by both goods and services.
There are over one million people currently in full-time education in Ireland. These are engaged in three levels of education: primary education (up to 12 years); secondary education (12-18 years); and third-level education (18+ years).
- In 2014 over 255,000 students enrolled in third-level courses across Ireland’s universities and colleges
- Over 65,000 students enrolled in Social Sciences, including Business and Law, equating to 26% of total student enrolments
- Over 70,000 or 28% of students enrolled in Science and Engineering courses.
Contact IDA Ireland
Tel: + 353 1 603 4000
IDA Twitter: twitter.com/IDAIRELAND