Ireland’s prosperous economy, highly skilled workforce and position as a gateway to the European Union has made it a hub for the operations of thousands of multinational businesses. It’s also home to some of the biggest names in tech, financial services and the pharmaceutical industries.
Covid-19 latest information
This guide is an accurate reflection of the pre-Covid-19 business environment in Ireland. Please note that due to the current situation, some circumstances may have changed in this country. Figures and data in the guide were last updated in August 2020.
Ireland now boasts one of Europe’s strongest-performing economies.
HSBC has been operating in Ireland since 1979 and is now one of the country’s leading international banks. Over the last 40 years, we have continued to provide a range of financial solutions to businesses trading internationally from Ireland.
HSBC’s unrivalled presence in all of the world’s major developed and emerging markets means we are well placed to help businesses make the most of the opportunities this brings.
We are proud of our rich heritage and traditions. HSBC's strength throughout the centuries has been its ability to be innovative and build long-term relationships with our customers and within our communities. This approach, together with a commitment to grow our business organically in each of our markets, has allowed our customers to stay safe and secure. Get in touch today if you have international ambitions or you are looking to harness our global capabilities to enable your business to thrive.
Head office address: 1 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland
1 World Bank Group, 2019
2 Trading Economics, 2019
3 Central Intelligence Agency (CIA), 2019
4 Trading Economics, 2020
5 PwC, 2019 * Map shows cities of economic significance according to the CIA, 2019
All indices represent the latest 2018/19 rankings
for ease of doing business (in a survey of 190 measured economies by The World Bank)
A focused, pro-business policy framework which promotes a highly successful, open and competitive business environment makes Ireland a prime location for many of the world’s leading businesses.
Ireland is the only English-speaking member of the Eurozone currency bloc, offering a trading gateway into the European Union and its 500 million consumers without any exchange rate risk.
One of Europe’s fastest-growing economies, Ireland is a stable, competitive and secure country in which to do business.
Ireland has a highly skilled workforce and significant government investment in education looks set to boost its skills base further.
More than 1,000 pharmaceutical, tech, social media and finance multinationals have already made Ireland the hub of their European operations.
Ireland’s capital city, Dublin, is an urban hub with true global clout and appeal. A key destination for international students, it’s also gaining a growing reputation as Europe’s ‘silicon valley’.
Rich in history and cultural heritage - and renowned worldwide for its stunning natural beauty - Ireland is also a thriving modern economy. High-tech firms and pharmaceutical companies are its new drivers of growth.
Ireland is a magnet for multinationals, attracted by its dynamic, pro-business environment and well educated, highly skilled English-speaking workforce.
Home to global leaders spanning many different industries, Ireland’s economy is now one of Europe’s fastest-growing. Consistently ranked among the best countries for doing business, it has the infrastructure, talent and culture in place to support innovation from start-ups to international corporations.
With the youngest population in Europe, Ireland boasts over 35,000 international students. In order to meet forecast industry demand, the Irish government has put a number of initiatives in place that aim to make the country a global leader for technology skills.
As a committed member of the European Union, Ireland provides businesses with guaranteed access to the European market.
The only English speaking country in the Eurozone, it’s an ideal European base for international organisations.
Read on to discover more about the dos and don’ts of doing business in Ireland. Also find out how trading in or with the country could help boost the future growth of your business.
At least one director of every Irish company must be a resident of the EEA. Alternatively, a €25,000 ‘bond’ must be paid every two years, or the company needs to appoint an Irish resident as a non-executive director to satisfy requirements.4
High business costs can make foreign direct investment in Ireland less attractive, and also reduce the competitiveness of Irish goods and services trading in domestic and international markets.5
The limited availability of prime office space for rent in large urban areas is a concern for businesses looking to base themselves in Ireland. However, there is currently a large amount of office space construction underway.5
Start-ups seeking finance options can sometimes struggle, with a relative dearth of business angels, private equity and venture capital options in Ireland.
1 INSEAD, 2018
2 Irish SME Association, 2018
3 World Bank Group, 2018
4 Companies Registration Office, 2018
5 National Competitiveness Council, 2018