Foreign Direct Investments in Ireland
3rd October 2011
It appears Ireland is attracting significant attention worldwide as a rapidly growing European country with the emphasis very much on the “plus side” for foreign direct investment. With regard to US companies FDI is defined as “Ownership or control, direct or indirect, by one foreign person of 10 per cent or more of the voting securities of an incorporated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business Enterprise.”
There are many factors which go to make up this attraction, some of which are
- Generous tax laws - Corporation tax is only 12.5%. In addition, other tax schedules allow a reduction of tax payments for foreign residents who are able to take advantage of a Double Tax Prevention Treaty.
- A skilled work force - The skill set required in the hi-tech and industrial fields are found in a young work force which has an average of age of just 30.
- A developed infrastructure – The island is relatively small which means that there is almost no point in Ireland more than 110 km from a major air- or seaport.
There are four international and seven regional airports in Ireland(32 counties):
Belfast City Airport
Cork Airport
Derry Airport
Donegal Regional Airport
Dublin Airport
Kerry International Airport
Ireland West Airport Knock
Galway Airport
Shannon Airport
Sligo Regional Airport
Waterford Regional Airport
- The country has three major seaports (Dublin, Drogheda & Waterford). The largest, located in Dublin, the Capital city, and a number of the smaller ports all have a direct connection with the European continent.
- Relief in the form of grants for financing preferential projects. The results of this incentive are very perceptible on the ground as a significant number of multi-national companies prefer to set up their development centres in Ireland.
Benefits for FDIs in Ireland [MP1] are granted in a number of forms, from tax at a reduced rate of 12.5% (from 1.1.2003), to grants (The grants are awarded to capital investments, employees training and export expenses. The size of the cash grants depends on the location of the industry (in addition to other factors) and loans given by the IDA.
Benefits for marketing promotion are given either as grants or as loans by the "State Export Board".
- R&D Tax: A tax credit of 25% is available to companies qualifying for additional R & D expenses over year 2003. The tax credit is in addition to the accelerated depreciation allowed to energy efficient projects.
The categories qualifying for R&D credits are natural sciences, engineering and technology, medical sciences and agricultural sciences.
The following is list of investments in Ireland dated October 2011 is produced by the IDA (Industrial Development Authority).
Annual FDI inflows into Ireland increased steadily through the 1990s.
- In the period 1988 to 1990, Ireland's share of world FDI inflows was only 70% of its share of world GDP.
- However, for the period 1998 to 2000, Ireland's share of FDI inflows was over five times its share of world GDP. In 1998, annual FDI inflow reached $11 billion, up from $2.7 billion in 1997, and then jumped to almost $15 billion in 1999. FDI inflows to Ireland peaked in 2000, at over $24 billion, mainly from high-tech computer and pharmaceutical companies.
- FDI inflow dropped sharply to $9.8 billion in 2001 with the burst of the dot.com bubble and the global economic slowdown.
Leading sources of foreign investors in terms of per cent of foreign companies invested in Ireland can be broken down as follows.
- United States (43%),
- United Kingdom (13%),
- Germany (13%),
- Other European countries (22%),
- Japan (4%), and
- Others (5%).
As of the year 2000, the primary destinations of foreign investment have been, in order, manufacturing, finance, and other services.
We will be undertaking a series of articles on the benefits to Irish firms and start-ups in the coming couple of weeks. So be on the lookout for those.
NO. | DATE | COMPANY | LOCATION | ORIGIN | INVEST | JOBS | PROJECT ACTIVITY | CONTACT |
1 | 10/01/11 | Murex | Dublin | France |
| 30 | Expansion of Financial Software systems development centre | Francois Pourprix 00353 1 4398500 |
2 | 15/01/11 | Intel | Leixlip, Co Kildare | US | $500M | 850 construction 200 manufacturing | Upgrade of manufacturing facility | Brendan Cannon Corporate Affairs Manager, Intel 33535 1 6067448 |
3 | 20/01/11 | Quest Software | Citygate, Mahon, Cork | US |
| 150 jobs | Establishing Shared Services Centre | Daphne Kent, Communications Quest, +16147264787 |
4 | 21/01/11 | Valeo | Tuam, Galway | France | €17m | 100 jobs | Expanding facility and R&D | +353 93 23177 |
5 | 08/02/11 | Allergan | Westport, Co Mayo | US |
| 20 manufacturing jobs | Expansion of Manufacturing facility | Thomas McEvoy Media and PR Manager 087 7426684 |
6 | 14/02/11 | Fidelity | Galway and Dublin | US | €11m | 100 technology jobs | Expanding Technology centres | For recruitment –
For media – Fidelity Corporate Communications 001 617 563 5800 |
7 | 16/02/11 | PayPal | Dublin | US |
| 150 customer support positions | European operations and customer service headquarters | For recruitment queries –
For media queries – Kieran O’Byrne, Hill & Knowlton PR for PayPal – 086 254 7949 / 01 6626 930 |
8 | 16/01/11 | AMS | Athlone, Co Westmeath | US | €4.6m | 50 jobs | Manufacturing operation | Job Inquiries Sean Gannon, c/o Collins McNicholas 090 64 78104
Media queries Antoinette Tyrrell, Press Officer, Tel: +353 (0) 1 603 4256, Mob: +353 (0) 87 7572053 |
9 | 02/03/11 | Kelcourt | Tullamore, Co Offaly | US |
| 55 jobs | Manufacturing operation | For job/supplier/media queries contact |
10 | 15/03/11 | Zenimax | Galway | US |
| Hundreds of jobs | Customer Support operation | Media queries – Steve Escalante
Employment opportunities –
Supplier queries |
11 | 24/03/11 | Metal Improvement Company | Galway | US |
| 20-30 jobs | Technical manufacturing | For further info – |
12 | 30/03/11 | Dublin | US |
| 100 jobs | Sales, business development, marketing and customer services | Vacancies can be viewed on LinkedIn website | |
13 | 04/04/11 | EMC | Cork | US |
|
| Expansion of R& D centre | Michelle Murphy, M: 00 353 (0)86 853 7806, Email: michelle.murphy@clarify |
14 | 05/04/11 | Avaya | Galway | US |
| 75 jobs | Customer Experience Centre | http://jobs.brassring.com/EN/ASP/TG/cim_advsearch.asp?partnerid=261&siteid=34 |
15 | 06/04/11 | Asset Control | Dublin | US |
| 50 jobs | Technology centre of excellence | For further details Peter Mullinder +44 (0)2077430320 |
16 | 06/04/11 | Bausch and Lomb | Waterford | US | $100 m |
| Medical Technologies Company Manufacturing Industry | No contact given |
17 | 13/04/11 | HP | Galway | US |
| 50 jobs | Cloud Services centre | |
18 | 15/04/11
| FMC | Cork | US |
|
| Expansion (Biopharma services and food) | No contact given |
19 | 19/04/11 | Gilt Groupe | Limerick and Dublin | US |
| 100-200 jobs | International HQ and Software development centre & Customer support centre | Submit CVs to |
20 | 26/04/11 | NEI | Galway | US |
| 50 jobs | Integration & Support Operations Centre | NEI Human Resources |
21 | 12/05/11 | Easylink | Clonakilty Co Cork | US |
| 20 jobs | E-commerce solutions | Easylink |
22 | 13/05/11 | NPD | Athlone, Co Westmeath | US |
| 100 jobs | Consumer and retail tracking market research | The NPD Group |
23 | 16/05/11 | Harmac | Castlerea, Co Roscommon | US |
| 100 jobs | Manufacturer of medical devices | For recruitment enquiries please contact: |
24 | 18/05/11 | McAfee | Cork | US | 6M | 30jobs | Software | Michelle Spencer, PR Manager, Tel: +44 1753 513200, Mob: +44 7788 107966 |
25 | 30/05/11
| Marketo | Dublin | US |
| 125 jobs | Software | Simpson Financial & Technology PR |
26
| 06/06/11 | Mycroft | Waterford City | US |
| 50 jobs | Software | Shanley Stern |
27 | 07/06/11 | Dell | Dublin /Limerick | US |
| 150 jobs | Cloud Computing | Angie Kinane Q4PR 087 812 6249 |
28 | 08/06/11 | Teleflex | Limerick | US |
| 80 jobs | Medical Devices manufacturing | Teleflex Medical Limerick |
29 | 10/06/11 | Zynga | Dublin | US |
|
| Social Gaming Company New European Centre | Michelle Kramer |
30 | 13/6/11 | Aspect | Galway | US |
|
| Software Two new centres (Technical Support, Software production and shared services) | Jenny Thornton |
31 | 14/06/11 | Aruba Networks | Cork | US |
| 40 jobs | IT | Wilson Craig, Corporate Communications, Aruba, +1 408 516 6182 |
32 | 15/06/11 | BNY Mellon | Dublin | US |
| 50 jobs | Financial Services |
|
33 | 17/06/11 | Ericsson | Athlone | Sweden |
| 100 jobs | Software | Carol Barnes, Public & Media Relations, West & Central Europe |
34 | 21/06/11 | Symantec | Dublin | US |
| 60 jobs | Software | Katherine James, Senior Public Relations Manager, UK & Ireland and Nordics Office: +44 (0)118 943 6384, Mobile: +44 (0)7725 734353 |
35 | 22/06/11 | MSD | Cork | US | €28.6m | 70 jobs | Biopharma | Ann‐Marie O'Sullivan |
36 | 23/06/11 | Butterfield Fulcrum | Dublin |
|
| 60 jobs | Fund Administration | Lisa Jane O’Neil, LJO Associates, Tel: 1 212 786 7629, Mob: 1 917 361 8303 |
37 | 23/06/11 | BioMarin | Cork | US | $48.5 | 100 jobs | Biopharma | BioMarin Pharmaceutical Inc. |
38 | 01/07/11 | Alere | Galway | US |
| 100 jobs | International Business Service | david.toohey@alere.com or kevin.o’reilly@alere.com
|
39 | 17/07/11 | SAP | Dublin and Galway | Germany |
| 100 jobs | Software | http://www.careersatsap.com/en/FindYourJob.aspx
|
40 | 20/07/11 | Analog | Limerick | US | €50m | 100 jobs | ICT Research and Development Centre | Angie Kinane/Claire McGovern, Q4PR Tel: 01 4751444/087 8126249/085 1564924 |
41 | 21/07/11 | BSB | Dublin | Belgium |
| 120 jobs | Software | Euan Sellar, BSB Press Office +32 10 48 98 73 |
42 | 21/07/11 | Allianz | Dublin | Germany |
| 50 jobs | International Health Insurer | Rachel Sherry/Alan Duncan, Grayling PR Tel: 01 669 4900/087 662 2111/086 198 8471 |
43 | 21/07/11 | Sangart | Cork | US |
| 120 manufacturing jobs and 125 construction | Biopharma European headquarters and Commercial Manufacturing facility | Marites Cristobal Coulter, Edelman Public Relations Tel: +1 323 202 1424/+1 415 819 2214 |
44 | 21/07/11 | Wolters Kluwer | Dublin | Netherlands |
| 13 RD&I jobs | Financial Services Research and Development investment | Charles Miller, Corporate Communications Manager Tel: +1 320 240 5457 |
45 | 04/08/11 | Delcath | Galway | US |
| A number of marketing, sales, and logistic support jobs | Pharma and Medical Devices European Headquarters | Janine McCargo, EVC Group Tel: +1 646 688 0425 Recruitment: Michelle Murphy, Collins McNicolas Tel: 091 706 706 |
46 | 04/08/11 | EADS/ Eurocopter | Dublin |
|
|
| Establishment of Eurocopter international customer support centre | IDA Press Office Tel: 01 603 4226 |
47 | 08/08/11 | Boston Scientific | Tipperary | US | €26m |
| Expansion of Medical Technologies R&D | Mary McCarthy, Weber Shandwick Tel: 01 676 0168/086 256 8429 |
48 | 09/08/11 | PayPal | Dublin | US |
| 200 jobs | Expansion of Customer Service and Operations at its European Centre of Excellence | Media Contact: Maeve Governey/Orla Shiels, Hill & Knowlton PR Tel: 01 662 6930/086 8057884/087 970 7709 This email address is being protected from spambots. You need JavaScript enabled to view it./%0doshiels@hillandknowlton.com">Maeve.governey@hillandknowlton.com/ This email address is being protected from spambots. You need JavaScript enabled to view it./%0doshiels@hillandknowlton.com">oshiels@hillandknowlton.com Recruitment: www.paypaljobsireland.com |
49 | 30/08/11 | Kirchoff | Donegal | Germany |
|
| 30th Anniversary celebration | Joanne Sweeney-Burke, Media Box |
50 | 31/08/11 | Citrix | Dublin | US |
| 50 jobs | Expansion of Customer Technical Support and Education Services for Europe Middle East and Africa (EMEA) headquarters | Kieran O’Byrne/ Orla Sheils, Citrix press office at Hill & Knowlton PR Recruitment: http://www.citrix.com/careers |
51 | 01/09/11 | CareFusion | Galway | US |
| 35 jobs | 35 jobs established at manufacturing centre of excellence | Media queries: Recruitment: jobs.ie@carefusion.com |
52 | 06/09/11 | HP | Galway | US |
|
| Celebration of 40 years of innovation and transformation in Galway | Catherina Blewitt, IDA Ireland, Regional Press and PR Executive +353 87 206 9099 |
53 | 15/09/11 | VMware | Cork | US |
| 250 jobs | Expansion and opening of new office for virtualization and cloud infrastructure | Declan Waters, VMware, EMEA Senior Public Relations Manager, +44 (0) 1276 414422 Recruitment: |
54 | 16/09/11 | Coca Cola | Wexford and Louth | US | $300m | 100 jobs | Opening of new Wexford manufacturing/ innovation facility and expansion of Drogheda Global Shared Services Centre | Kent Landers, The Coca-Cola Company Jennifer Heaphy, Coca-Cola Ireland |
55 | 20/09/11 | Pfizer | Dublin | US | $200m | 400 construction jobs | Investment in Grange Castle biotechnology manufacturing facility | Geraldine O’Connor, Pfizer |
56 | 20/09/11 | HCL | Dublin | India |
| 80 jobs | Establishment of Software Delivery Centre | Ranjana Sharma |
57 | 21/09/11 | arvato Finance | Dublin | German |
| 150 jobs | Business process outsourcing | Sam Grey For recruitment: http://www.arvato.ie/en/our-people/job-offers.html |
58 | 22/09/11 | MSD | Tipperary | US | €100m |
| Official opening of pharmaceutical R&D centre | Ann-Marie O'Sullivan |
59 | 26/09/11 | Dublin | US |
|
| Establishment of international office |
| |
60 | 26/09/11 | EA and BioWare | Galway | US |
| 200 jobs | Opening of state-of-the-art customer service centre | Tiffany Steckler, |
61 | 27/09/11 | D&B | Dublin | US |
| 75 jobs | Expansion and job creation | For recruitment: IDA Ireland |
62 | 27/09/11 | Biotrin | Dublin | Italian |
| 40 jobs | Official opening of new Research, Development and Manufacturing facility | Aoife McNally, |
63 | 28/09/11 | Caci | Dublin | France | €3.2m |
| Establishment of R&D Centre of Excellence | Crédit Agricole Assurances press office |
64 | 30/09/11 | Dublin | US | €75m | 200 construction jobs 30 full time and contractor jobs | Investment in energy-efficient, air-cooled data centre |
| |
65 | 30/09/11 | JRI-America | Kerry | Japan |
| 100 jobs | Establishment of software development operation | For Recruitment queries: For Media Contacts: |
*Additional IDA/client press releases:
04/05/11 Bentley Systems Incorporated, announce continued commitment to Irish operations-official opening
10/05/11 Accenture- Official opening of Analytics Innovation Centre (AAIC) in Dublin
09/06/11 Opening of €57million National Institute for Bioprocessing Research and Training (NIBRT)
