Recently, the global ranking of the 2021 Economic Freedom Index was released, with Ireland, the emerald jewel of Europe, achieving a score of 81.4, ranking fifth in the world and second among European countries, surpassing both the European and global averages.
Ireland has consistently ranked high in the global Economic Freedom Index. Reforms aimed at improving the quality of judicial processes and the privatization of the banking sector will help solidify Ireland's position as a free economy. As the European Union gradually transitions post-Brexit, the Irish government is also considering taking further measures to maintain the openness of trade and investment flows.
Why does Ireland consistently rank among the top in economic freedom?
The European Commission previously released the 2021 European Economic Forecast report, which reviewed the economic growth trends of major EU countries in 2020 and outlook for 2021. According to the statistics from the European Commission, Ireland's Gross Domestic Product (GDP) grew by 3 percentage points in 2020, making it the only EU economy to experience growth that year. It is expected that Ireland's GDP will grow at a rate of 3.4% in 2021, and GDP growth will continue to accelerate in 2022.
Ireland's per capita GDP consistently ranks among the top 10 in the world, with stable GDP growth in recent years. The comprehensive GDP growth rate from 2012 to 2016 was 7.4%, 8.5% in 2017, and 5.6% in 2019, leading among EU countries in GDP growth rates.
With a highly developed economy, Ireland also boasts a favorable tax system, with a corporate tax rate of 12.5%, the lowest among major English-speaking countries and one of the lowest in EU countries. Its developed economy and advantageous tax system attract numerous businesses and immigrant investors.
Currently, for investment immigration to Ireland, one can apply for Irish residency for the whole family by donating €500,000 to a government-approved donation project (with group donations reduced to €400,000). Additionally, one can immigrate to Ireland by investing €1,000,000 in a local Irish business for more than three years.
Worldway Group, ranked among the top 500 Asian brands, currently offers multiple projects suitable for investors in education planning, identity planning, health planning, and creating overseas homes! Such as immigration to Canada; U.S. investment immigration; Australian immigration; immigration to Montenegro, Turkey, North Macedonia, Malta, the United Kingdom, Greece, Portugal, Cyprus, Spain, Ireland, and other European countries, as well as EU passport projects; investment citizenship projects in Commonwealth countries such as Saint Lucia, Vanuatu, Saint Kitts and Nevis, Dominica, Antigua and Barbuda, Grenada; overseas property consulting and assistance with settling abroad, among other services.
Currently, Worldway is conducting a "Canada Immigration with IELTS Gift Package" promotion, valid from now until June 30, 2021, with limited slots available on a first-come, first-served basis! There are 20 Canadian immigration projects, and there is bound to be one that suits you! For more details, please call Worldway's service hotline: Mainland China: 400-138-2929 Hong Kong: (852) 2802 8798.
Some materials in this article are sourced from the internet, and the copyright belongs to the original authors. If there are any copyright issues, please contact the original authors or us.