Ireland serves as a gateway for overseas investors entering the European market, and has always relied on its advantages as a "tax haven," a highly skilled workforce, and government encouragement of research and development, making it a shining star in the economic recovery of Europe, significantly enhancing its ability to attract foreign investment. Among these, low taxation is Ireland's "secret weapon" for attracting immigrants and foreign capital, and its continuously self-reforming tax system has received high praise from businesses. According to authoritative surveys, Ireland's tax system has been rated as the most business-friendly tax system within the European Union.
Ireland's corporate profits are taxed at 25% while the EU's corporate profits are taxed at 40%. On average, Irish companies spend 2 weeks each year handling tax matters, and pay taxes every 6 weeks, which is far below the international average.
The global ranking of business-friendly tax systems is as follows: Qatar, United Arab Emirates, Saudi Arabia, Hong Kong, Singapore, and Ireland.