Amazon is expanding its operations in Ireland. It is reported that the company plans to select an office location in Cork, Ireland, that can accommodate 1,000 employees.
The original office address, which will expire in September 2022, is located in the Cork Airport Business Park, covering an area of 6,503 square meters. According to The Irish Times, Amazon intends to select a new office location to increase the space to between 7,430 square meters and 9,290 square meters.
Moving from the business park to such a new location will allow for the hiring of at least 100 to 300 new employees. However, insiders indicate that Amazon may also renew its existing lease at the Cork Airport Business Park while simultaneously leasing the new space of 9,290 square meters.
As early as July this year, Amazon announced an investment in a new area of 170,000 square feet at Charlemont Square as its headquarters in Ireland, expected to open in 2022. At the same time, it will also add 1,000 new jobs over the next two years, bringing the total number of employees to 5,000, which will help support Ireland's economic recovery in the post-pandemic period.
Ireland has been ranked first in the world for attracting high-value project investments for six consecutive years, making it a favored destination for global enterprises. The ultra-low corporate tax rate of 12.5%, favorable business environment, young and high-quality workforce, convenient entrepreneurial environment, and comprehensive investor protection system have attracted major corporations from around the world to establish operations in Ireland. The investment potential of Ireland is evident.
Currently, to immigrate to Ireland through investment, one can apply for Irish residency by donating €500,000 to a government-approved donation program (with group donations reduced to €400,000). Additionally, one can immigrate to Ireland by investing €1,000,000 in a local Irish business for a minimum of three years.
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