The race of relocating has begun even before United Kingdom has been announced out of the European Union bloc. The flow of investments has taken exit route from Britain and couple of neighboring countries are now in the beneficial seat. Ireland is one of those nations.
It is learned Ireland will be in the hot seat due to its key regional location and such economy that is open for foreign investment. In the global FDI arena itt is a significant player.
Ireland also has tax incentives, talented workforce and dedicated agency to lure FDI.
The potential changes to US corporation tax laws would also impact FDI flow in Ireland.
The Trump administration is seeking to cut the tax paid by US business to 10 percent from 35 percent.
the tax reforms may not happen in 2017, but companies like Apple and Amazon have been thinking to bid to Ireland environment ahead of Trump interfering in their affairs.
Ireland knows the time is ripe to take advantage of emerging FDI and Brexit effect will intensify it.
Meanwhile, not to forget the China-Dublin recent negotiations that will benefit the current situation with direct air route between capitals of both the countries. Ireland will become more attractive propositions from global firms.
A recent research reveals tax breaks in Ireland is helping the country in the creation of such an environment where skills could be acquired and deployed. This is the primary reason the country could soon become a global hub.
It is to note corporate giants like Google, LinkedIn and Facebook have installed major headquarters in the country.