Life Sciences - Pharmaceuticals

Ireland offers a stable, profitable, English-speaking base to service world markets.

Pharmaceutical companies thrive in Ireland due to its unique workforce with 36% of the population under 25 years of age. Ireland’s unique population and age structure will continue for the next 15 years with a key focus on education and research.

Ireland offers the lowest corporation tax in Europe at 12.5%.The overall tax burden in Ireland is one of the lowest among EU Member states. Companies in the Pharmaceutical Sector can take advantage of this favourable economic and fiscal environment which is highly supportive of the sector.

Ireland has an exemplary compliance record with the regulatory agencies. Regulatory agencies work closely with companies to achieve trouble free start-ups. Certification agencies in Ireland operate in accordance with European and global standard procedures.

Ireland has a business friendly economic environment with strong pharmaceutical and biotechnology industry track record. Government policy makers and enterprise agencies work closely together to ensure that Ireland provides for the requirements of potential overseas investors.

IDA may provide financial support to companies wishing to locate in Ireland and is particularly supportive of companies that focus on research and development and high end manufacturing activities.
The unique characteristics of any proposed project will determine the incentive package available, in particular its location. IDA evaluates potential projects through a process of negotiation.

The main criteria applied to determine the availability of incentives include;

• The Quality of Employment
• Location Chosen within Ireland

The type of grants that are available include;

• Employment Grants
• R&D Grants
• Training Grants
• Capital Grants