Globe Capitalist / Countries / Ireland

Ireland

A beacon for international business with a captivating blend of historic charm and modern innovation, Ireland beckons entrepreneurs who seek a robust economic environment, seamlessly paired with rich cultural experiences. For the entrepreneur, Ireland’s open economy and favorable tax regime pave the way for profitable ventures, and for leisure, the picturesque landscapes promise a serene retreat.

Living in Ireland: expat's guide to move and settle in
The campus of Trinity College Dublin, one of Ireland's oldest institutions

Ireland, often referred to as the Emerald Isle, represents a unique combination of ancient traditions and progressive thinking. Its rich history is evident in every corner, from the ancient ruins to the stories passed down through generations. Despite its historic roots, Ireland is at the forefront of the global technological and financial markets, positioning itself as a hub for innovation and business. Its appeal extends beyond economic prospects, as its lush landscapes and vibrant cities attract millions of tourists every year.

Country Ireland
Population Approximately 4.9 million (Source: World Bank)
Capital Dublin(Population over 1.4 million)
Main cities Cork (approximately 210,000)
Limerick (approximately 94,000)
Galway (approximately 80,000)
Waterford (approximately 54,000)
Language English (over 98%)
Irish (approximately 1.7%)
Time in Ireland GMT+0
Currency Euro(€, EUR)
Religion Roman Catholic (approximately 78.3%)
Church of Ireland, Anglican (approximately 2.7%)
Muslim (approximately 1.3%)
Other religions and none (remainder percentage)
Tax regime Standard rates are 20% and 40%
VAT 23%
Overage salary Approximately €38,500 annually (Source: Central Statistics Office, Ireland)

Ireland: Your Next Horizon

Renowned for its rich heritage, enthralling landscapes, and vibrant cities, Ireland stands as a beacon of opportunity for individuals contemplating relocation. Whether you’re an ambitious professional, an entrepreneur seeking fertile ground for innovation, or someone eyeing a tranquil retirement haven, Ireland promises a blend of thriving economic opportunities and unmatched quality of life. The nation’s robust education system, forward-thinking business policies, and an inherent spirit of warmth and hospitality have made it a top choice for expatriates worldwide.

Living in Ireland

Cost of living

Living in Ireland offers a high quality of life, but this can come at a premium. Major cities such as Dublin and Cork tend to be pricier in terms of accommodation, dining, and entertainment. On the other hand, more rural areas or smaller towns offer a relatively more affordable lifestyle. It’s essential to factor in your lifestyle preferences, career aspirations, and family needs when determining where to reside in Ireland.

Quality of education

Ireland is globally renowned for its stellar education system. Universities such as Trinity College Dublin, University College Dublin, and the National University of Ireland, Galway, have garnered international acclaim for their rigorous academic programs. These institutions draw students from all corners of the globe, ensuring a multicultural academic environment.

Health care and insurance

The healthcare system in Ireland is comprehensive and efficient. Residents have access to both public and private healthcare services. While public healthcare is funded through general taxation, many residents opt for private health insurance to access services without waiting times and for more choice in their care.

Climate

Ireland boasts a temperate maritime climate, characterized by mild temperatures, moderate rainfall, and the absence of temperature extremes. Winters are typically mild with occasional frost, while summers are cool with average temperatures hovering between 15°C to 20°C.

When is the best time to visit Ireland?

The best time to visit Ireland is during the spring (May-June) and early autumn (September-October) when the weather is pleasant, and the landscapes are in full bloom. These periods also tend to offer better travel deals and fewer crowds compared to the peak tourist season in July and August.

Fun and entertainment

Ireland, with its rich musical heritage and vibrant pub culture, ensures a lively atmosphere for young expats. From Gaelic football matches to dynamic nightlife in cities like Dublin and Galway, there’s never a dull moment.

Best places to live in Ireland

Cities like Dublin, Cork, and Galway are popular among expats for work, thanks to their economic vitality and cultural vibrancy. Limerick and Waterford, with their family-friendly communities and amenities, are often chosen by those raising families, while more rural areas are favored by retirees seeking a tranquil setting.

Dublin (over 1.4 million)

Dublin, the capital, stands as a hub of economic activity, offering numerous employment opportunities, especially in the tech and finance sectors. The city is also celebrated for its rich history, diverse culture, and a plethora of entertainment options, making it a magnet for both locals and expatriates.

Cork (210,000)

Known as the “Rebel City,” Cork offers a unique blend of urban sophistication and quaint charm. Its thriving arts scene, culinary delights, and proximity to scenic coastal towns make it a preferred destination for many expatriates.

Limerick (94,000)

Limerick, with its riverside setting, historic landmarks, and modern amenities, offers a balanced lifestyle. Its university and growing tech sector have been instrumental in drawing young professionals to the city.

Galway (80,000)

Galway, the cultural heart of Ireland, is renowned for its vibrant arts scene, music festivals, and coastal beauty. The city promises a perfect blend of traditional Irish charm and modern conveniences.

Waterford (54,000)

Waterford, Ireland’s oldest city, is steeped in history and is famous for its crystal ware. Its serene environment combined with a rich maritime heritage makes it a unique place to live.

Is Ireland safe?

Ireland is consistently ranked as one of the safest countries in the world. While petty crimes like pickpocketing might occur in tourist-heavy areas, violent crimes are relatively rare. Its communities are close-knit, fostering a sense of security and belonging among residents and newcomers alike.

Moving to Ireland

How to move to Ireland as an expat

VISA

To move to Ireland, non-EU/EEA nationals typically require a visa. Ireland offers various visa categories, from work and study to family and retirement visas. The type of visa and its validity largely depend on the individual’s circumstances and the purpose of their move.

Residency By Investment

Ireland offers a Residency by Investment program, often referred to as the Immigrant Investor Programme (IIP). This scheme allows individuals and their families to secure residency in Ireland by making a qualifying investment in the country.

Does Ireland allow Dual Citizenship?

Yes, Ireland does allow Dual Citizenship. This means individuals can hold Irish citizenship alongside another country’s citizenship without facing any legal repercussions from the Irish government.

Real estate

The Irish real estate market has witnessed considerable flux over the past few decades. Dublin, being the economic center, tends to have the highest property prices, with a city-center apartment costing significantly more than a villa in a rural setting. The demand for housing in major cities has led to a surge in prices, but several government initiatives are underway to address housing affordability and increase supply. Rural areas offer more affordable options, with properties boasting larger plots of land and scenic views.

Can expats buy property in Ireland?

Yes, expats can buy property in Ireland. There are no specific restrictions on foreign nationals purchasing real estate in the country, whether they live in Ireland or not.

Why should I move to Ireland?

Ireland, renowned for its welcoming populace and vast green landscapes, is an embodiment of historical richness coupled with contemporary advancements. As a nation, it seamlessly blends old-world charm with modern amenities. Ireland stands out not just for its natural beauty and cultural heritage but also for its progressive economy, favorable business environment, and high quality of life. Its education system is globally acclaimed, and the country’s vibrant arts scene and rich literary traditions make it a cultural powerhouse. Relocating to Ireland provides an opportunity to be a part of this unique meld of history, innovation, and diverse cultural experiences.

Pros Cons
  • Robust economy with many global businesses headquartered in Ireland.
  • High-quality education system.
  • Friendly and welcoming populace.
  • Rich cultural and artistic traditions.
  • Safe living environment with low crime rates.
  • Attractive landscapes and natural beauty.
  • Cost of living in urban areas can be high.
  • Volatile weather conditions with frequent rainfalls.
  • Property prices in cities like Dublin can be steep.
  • Public transportation infrastructure may be limited in rural areas.

Doing business in Ireland

Economy

Ireland’s economy is one of the most dynamic in the European Union, with a strong emphasis on services, particularly in the fields of information technology, finance, and pharmaceuticals. Multinational corporations, drawn by the country’s attractive tax regime and skilled workforce, have established their European headquarters in Ireland. This influx has bolstered Ireland’s position as a significant player in the global market, with key sectors including software exports, agri-food, tourism, and medical devices.

Tax in Ireland

Ireland’s taxation system is characterized by its simplicity and attractiveness for businesses. The corporate tax rate is among the lowest in Europe at 12.5% for trading income, making it a magnet for global corporations. Additionally, there are various tax reliefs and incentives available to both local and international businesses. For individuals, there are two standard rates of income tax: 20% and 40%. Value Added Tax (VAT) generally applies at a standard rate of 23%, with reduced rates for certain goods and services.

Startups

The startup ecosystem in Ireland is thriving, backed by a supportive government and numerous accelerator programs. Ireland’s commitment to fostering innovation can be seen in initiatives like Enterprise Ireland, which provides funding and support to startups. Dublin, in particular, has seen a surge in coworking spaces, tech hubs, and innovation centers, making it a hotspot for budding entrepreneurs. This culture of innovation, combined with easy access to the European market, makes Ireland an ideal base for startups.

Company formation in Ireland

Establishing a company in Ireland is a straightforward process, often completed within a few weeks. The country offers a variety of incorporation solutions, including Limited Companies, Designated Activity Companies, and Unlimited Companies, among others. The favorable tax regime, combined with a pro-business environment and access to a skilled workforce, makes Ireland an attractive destination for expats looking to start or expand their businesses. Additionally, the presence of numerous multinational corporations provides ample networking and collaboration opportunities.

How to open a company in Ireland?

Read the detailed guide on how to open a company in Ireland.

How to open a bank account in Ireland?

Read the detailed guide on how to open a bank account in Ireland.

Living in Ireland: expat's guide to move and settle in

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