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As Brexit approaches, uncertainty continues to surround the potential exit of the United Kingdom from the European Union. While there are far reaching implications, taxes and trading systems are just two considerations that will impact American chip and system engineers and their employers. The situation is complex and becomes more challenging as each day passes. Strong trade bonds tie Europe and the US - data from the Office of the U.S. Trade Representative shows that the EU/US bilateral trade flow is the biggest in the world, far bigger than that between the US and China. In 2018, the U.S. imported $683.9 billion of EU goods compared with $557.9 imported from China. U.S. exports reached $574.5 billion to Europe while only $179.2 billion was imported to China. Trade with the UK is significant, the U.S. accounted for 19% of U.K. exports and 11% of imports.
Every company that wants to grow will reach a point where it needs to expand into new markets. Doing it right means setting up operations closer to those customers.
It’s a big step, but it’s one that many others have taken before. For this blog, we spoke to senior leaders at leading tech companies that expanded into Ireland. They shared their advice on getting a fast and frictionless start, with five practical tips for others planning to grow their business internationally.
LogMeIn Inc., a leading provider of cloud-based connectivity and recognized as one of the world’s 10 largest public Software-as-a-Service (SaaS) companies, today announced that the company has officially opened its new international headquarters in the Reflector Building, Grand Canal Dock. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
The impending exit of the UK from the European Union has set off deep ripples that are being felt in many directions. With less than 6 months to go until Brexit; it’s looking like it could mean potential disruption for US Tech companies doing business in the EU in 2019. Despite the current Brexit anxiety and changing political situation, US firms still need to craft a game plan for whatever the relationship between the EU and UK will look like in 2019 and beyond. With that in mind, here are some key issues to consider for U.S. companies that are worried about their European business in 2019.
SOTI to Create 150 New Irish Jobs After Announcing Opening of Galway Office
Growth and expansion across Europe part of long-term strategic plan
Interest in artificial intelligence is at ‘fever pitch’, according to the technology market research company IDC. If measured in money, the heat will reach almost 20 billion this year – that’s the dollar amount IDC forecasts that companies will spend on AI and cognitive computing. But in fact, the temperature around these technologies has been rising for some time.
IDA Ireland, the inward investment agency of the Irish Government has today reported a very strong first half of 2018.
19,851 Jobs Created in FDI companies – third consecutive year of strong growth under current strategy
Ireland consolidates its position as the no 1 location for early stage start-up companies setting up in Western Europe
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