The economy of the Republic of Ireland experienced phenomenal growth during the 1990ís until the global recession started to bite in 2007.
Ireland like the rest of the world has been deeply affected and unemployment, cuts and general standards of living have declined. However Ireland is a resilient country and no stranger to overcoming hardships. Hard work and determination are Irish traits and the Irish people have been roundly praised for their attitude and perseverance towards the global recession.
interest in Northern Ireland
is indicated by an increase in the property market in and
around Belfast. New developments and the rebuilding of the
city and its suburbs are evident everywhere. International
companies are pledging their interest in reviving Northern
Ireland. A new Hilton Hotel complex has been built next to
the outstanding Waterfront Hall Conference and Concert Centre,
marking a new era for the grand city of Belfast. Northern
Ireland currently benefits from a lower personal UK tax rate.
of the E.U. has brought huge structural funds
into the Republic of Ireland, which have been wisely invested
in infrastructure, education, technology and training. This
has provided a solid economic foundation and there is a well
educated and flexible work force to ensure ongoing economic
growth. The Governments of both the Republic and Northern
Ireland support both external and internal investment by means
of various grants. Enterprise Boards exist to provide support
and practical business help. There is also a range of tax
incentives. Including reduced company tax rates and exporting
of Irish products tax breaks. Publications and information
are available from the Revenue Commissioners at www.gov.ie/. Enterprise Ireland website can be found at www.enterprise-ireland.com.
Republic of Ireland,
the principal body concerned with attracting large scale commercial
projects is the Industrial Development Agency (I.D.A.)
(353) (0)1 6034000 www.idaireland.com
Ireland is concerned with overall assistance, principally
to smaller scale operations. More information on grants and
business assistance can be obtained at
www.enterprise-ireland.com. In Northern Ireland,
the Industrial Development Advisory Board (IDAB) (link) assists new and existing externally and locally owned companies
with new projects and the development of existing facilities.
of the Republic of Ireland is the Euro (€). Northern Ireland currency remains sterling (£).
citizens have the right of residence and employment in both
Northern Ireland and the Republic of Ireland. Other visitors
are normally allowed to stay between 3 and 6 months. Full
details are available from the Dept. of Justice ((353)
(0)1 602 8202) for the Republic, or any United Kingdom
Embassy for Northern Ireland.
on business, residence or visiting Ireland is always available
from the Republic of Ireland Embassies world-wide.
12 Ave Foch 75116 Paris
Godesberger Allee 119, 53175 Bonn
1 Floor, Claudio Coello 73, 28001 Madrid
Piazza di Campetelli 3, 00186 Rome
Tel: 6-697 91211
17, Grosvenor Place, London SWIX 7HR
2234 Massachusetts Ave. N.W. Washington
Tel: 202 462 3939 DC 20008
130 Albert St. Ottawa, Ontario K1A 0L6
Tel: 613 233 6281
For a full listing of Irish Embassies worldwide please see
throughout the world will advise on all aspects of visiting,
doing business in or living in Northern Ireland.