Attractive Corporate Tax Rate
Republic of Ireland Investment Incentives
R&D: Tax and cash incentives available nationally
Tax credits are offered for qualifying R&D and favourable tax rates to exploit IP. Other tax incentives and collaborative funding is also available for specific objectives. Funding to RD&I makes up the largest proportion of the IDA’s grant funding programme.
Jobs creation & CAPEX: Limited tax and cash incentives available to parts of Ireland
The IDA administers a EUR 100 mn annual grant programme to support investment projects. Ireland has a number of regions outside of Dublin that has assisted area status (maximum aid intensity of 15% for large companies) and funding is available under EU state aid rules.
Training: Cash incentives available nationally
Training programmes are available to support increasing productivity and enhancing skill levels. Grant funding can support both in-house and external training courses.
Green and other: Tax and cash incentives available nationally
Accelerated tax depreciation allowances for approved energy-efficient equipment and the IDA offers financial support for a range of initiatives from developing climate action plans to decarbonization projects and R&D activity in the area.
Overview: In addition to its low corporate tax rate, Ireland offers a range of tax and cash incentives to support investment.
Capital: Dublin
Surface area: 70,280 km²
Population: 5.0 mil
Unemployment: 4.4%
Currency: Euro
GDP growth: 12.0%
FDI net inflow (% of GDP) in 2021: 16.1%
Prospective sectors: Biopharma, MedTech, Green Economy, Technology, Business Services
Worth knowing: Ireland has historically been successful in attracting FDI investment due, in part, to its low corporate tax rate (12.5%). Ireland’s agreement with the OECD means that corporation tax rates are likely to increase to 15% for many foreign-owned companies from 2024, however, there are several other incentives available to support investment in the country.
