Includes how major projects are financed and gives examples where relevant. Explains activities of the multilateral development banks in and other aid-funded projects where procurement is open to U.S. bidders
There are no restrictions on investments by foreign companies in new projects and existing entities in Ireland, nor are restrictions imposed on the repatriation of capital and profits by foreign firms.  International firms investing in Ireland can take advantage of investment incentives provided by the Irish government through IDA Ireland, the state organization responsible for attracting international investment into Ireland. These incentives include:
  • A 12.5% corporate tax rate for qualifying industries
  • Capital investment
  • R & D and training grants and tax credits
  • Rent subsidy for industries in certain regions
  • Assistance with site location.
There are a range of incentives available to manufacturing companies and providers of international tradable services such as computer software, telemarketing, and financial services.
The Government of Ireland established the Ireland Strategic Investment Fund (ISIF) in December 2014 to help provide cost effective financing for public sector investment projects, including public and private partnerships with multinational firms.  State authorities are obliged to seek advice on financing public projects from the ISIF, which will assess financial and structuring, and will in certain circumstances be able to raise funds for public projects.  The ISIF has the power to set up special purpose companies for the purpose of financing projects. 

Multilateral Development Banks
The Commercial Service (CS) maintains a presence at the EBRD to represent the interests of U.S. firms.  
U.S. Export-Import Bank financing is available to support major capital equipment sales to Ireland.

 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.