To invest or not to invest

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“Doubt is only removed by action. If you’re not working then that’s where doubt comes in.” – Conner McGregor

Today we spoke with IDA (Industrial Development Authority). A government organization thats role is primarily to attract foriegn investors or corporations to move to Ireland and place their business there. So listed below are some takeaways of pros and cons.

Pros:

  • Low corporate taxes
  • English speaking country in the EU
  • Tech Hub of the EU
  • Talented and educated workforce
  • Land to grow business
  • Diverse and young workforce

Cons:

  • High income tax
  • High cost of living
  • Economy is still young
  • Not a lot of people to hire
  • Weather or city restrictions
  • Poor logistics

So if I were to make a decision based on the information presented to the class I would not. Only because of the high income taxes as well as the poor logistics and competition to attract workers. The reason Dublin is a Tech hub, is because software can be sold online instead of shipping it out. To me, wanting to start a business other than tech or pharma, Ireland would not be a wise choice, but on the tech, financial, and pharma side, this country is a steal. The growth of the IDA offices world wide is a sign that Ireland is becoming a well reknown country for industry. This gives me hope that these cons will soon disappear and prove Ireland to be a great country for an EU head quarters for any company.

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