Ireland is a Western European country, bordered by the Atlantic Ocean to the west and the Irish Sea to the east, facing the United Kingdom across the sea. It serves as a gateway from North America to Europe. Ireland's natural environment is exceptionally well-preserved, earning it the reputation of the "Emerald Isle." With its lush greenery, crisscrossing rivers, and vast grasslands, it is also known as the "Green Island" or "Emerald."
Recently, The Heritage Foundation released the 2022 Index of Economic Freedom. Ireland ranked third globally with an economic freedom score of 82, exceeding the world average.
Ireland not only possesses business-friendly tax rates, a superior geographical location, and the status of being the only English-speaking country in the European Union, but its local collaborative and win-win work environment and dynamic, balanced labor market also provide a favorable business environment for Ireland. Since the late 1990s, Ireland has adjusted its corporate income tax rate to 12.5% and has maintained it ever since, which is far lower than the European average of 23.2%. The ultra-low tax rate has attracted a large number of internationally renowned enterprises, and an increasing number of multinational corporations are establishing their European headquarters in Ireland.
In recent years, Ireland has become a preferred destination for many multinational enterprises to invest in the digital economy. Relevant data shows that Ireland's digital economy accounts for 13% of its GDP, with over 1,000 digital companies operating in Ireland! 16 of the top 20 software companies in the world have branches in Ireland, and the area surrounding Dublin boasts a dense cluster of data centers in Europe, including global operations run by Google, Microsoft, and Amazon.
However, it is worth noting that there has recently been news that Irish immigration policies may change. It is reported that the Irish immigration authorities may re-evaluate the current investment immigration policy and update the legislative guidelines. Therefore, it is highly likely that they will suspend the acceptance of new investment immigration applications until the evaluation is completed and the guidelines are updated. It is rumored that after the reopening, there is a high probability that the threshold for investment immigration applications will be raised! Currently, there is no official information released by the Irish immigration authorities. WorldWay Group will continue to monitor the situation and will share any new information with everyone as soon as it becomes available.
WorldWay reminds all investors that, combined with the policy evolution of European immigration countries in recent times, it is believed that this news regarding Irish immigration is not groundless. "Immigration should be done early" is not just a saying. Immigration policies change in an instant; hesitation can lead to missing the best opportunity, and one may face a situation of increased investment amounts, higher difficulty, or even direct closure in the future. Therefore, it is recommended that applicants who are interested in investing and immigrating should plan as early as possible, seize the opportunity, and submit their applications early to lock in the existing policies—this is the right path!
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