The 2008-2012 Business Environment Ranking of the Economist Intelligence Unit placed Ireland 11th globally out of 82 countries, naming it as one of the most attractive business locations in the world. Furthermore, Forbes 2011 named Ireland as the best country in Europe in which to do business.
Willie Deese, Executive Vice President and President Merck Manufacturing Division, said on the opening of their new €100m R&D centre in Tipperary:
“The decision to locate a worldwide pharmaceutical R&D centre in Ballydine was due to a number of factors, chief among which was the credibility, track record and expertise of the Ballydine team, the technology and infrastructure at the site and the support we have received from the Irish Government and IDA Ireland.”
Ireland offers investors:
- A thriving RD&I sector, with strong Government support for productive collaboration between industry and academia.
- A strong legal framework for development, exploitation and protection of Intellectual Property rights.
- Strategic location with easy access to the EMEA region.
- Excellent IT skills and infrastructure.
- An advanced telecommunications infrastructure, with state-of-the-art optical networks and international connectivity.
- Strategic clusters of leading global companies in Life Sciences, ICT, Engineering, Services, Digital Media, and Consumer Brands.
- An established reputation as a hub for business process improvement across EMEA.
- Irish competitiveness has improved significantly: business costs including energy, private rents, office rents, services, construction and labour have all become more competitive.
Ireland’s position in the world rankings:
- 1st for availability of skilled labour
- 1st for flexibility and adaptability of workforce
- 1st for investment incentives
- 1st for attitudes towards globalisation
- 2nd for business legislation- openness to foreign investors
- 2nd for large corporations that are efficient by international standards
- 2nd for adaptability of companies
- 4th for Corporate Tax rate on profit and real corporate taxes
Source: IMD World Competitiveness Yearbook 2012