A stunning and unique nation which is welcoming towards foreign businesses and expats, it’s no surprise that the Irish economy is regularly going from strength to strength. Ireland’s highly educated workforce and competitive corporation tax rates have been instrumental in driving the country’s growth throughout recent years.
Since the United Kingdom’s withdrawal from the European Union, Ireland has attracted several multinational businesses, including LinkedIn, Facebook, and Google, who have established their European operations in the country.
Ireland’s capital city, Dublin, has been dubbed ‘the next Silicon Valley’ by many. Dublin is a growing hub for small and large businesses in the software and technology industries.
As a strong economy, Ireland has a number of key industries including software, hardware, food products, beverages, medical devices, and more. Irish workers are noted for their hard-working nature, with the OECD ranking them the most productive in the world when measured by GDP.
Ireland’s standard working hours are 9am till 17.30pm, Monday to Friday, making up around 40 hours per week. Employees are granted a one-hour lunch break during their shifts. These working patterns may vary between different industries. The average salary in Ireland tends to increase every year, standing at around €49,332 in 2019. Living costs in Ireland are generally more expensive that other European nations, and salaries are high to support this.
Ireland has a progressive income tax system where employees contribute 20% of their salaries up to a certain amount. An employee’s 20% taxable income amount varies depending on their circumstances, and this will vary based on marriage or dependency status.
In 2019, an individual without any dependent children was subject to the following tax rates:
Ireland also offers a competitive corporation tax system. The general corporate tax rate for businesses in Ireland is 12.5%, however foreign businesses may also be subject to 2.2% - 4.5% on any global profits which are moved to Ireland.
Most Irish employees are entitled to four weeks of paid annual leave from their employer each year. Some employers may agree to provide more paid annual leave, depending on the conditions set out in the employment contract.
Employers in Ireland are also obliged to pay sick leave for an employee for up to three days (upon provision of a doctor’s note). Employees must have completed 13 weeks of continuous service to be entitled to sick pay.
New mothers in Ireland are also entitled to 26 weeks of Maternity Benefit (around €250 per week), beginning on the date of the child’s birth.
Ireland observes several public holidays including the following (2022 dates):
Irish people are known for their hard-working nature, but also for valuing their free time. English is the official and most common language of Ireland; however, the Irish language is also commonly spoken and mandatorily taught in schools.
Ireland is a predominantly Roman Catholic country and around 80% of the population practice this religion. Other religious groups can be found throughout the country.
The Irish Government introduced strict measures to prevent the spread of COVID-19. Many Irish businesses chose to introduce flexible and remote working patterns to protect their employees and prevent the spread of the virus.
In 2021, Ireland introduced the ‘Right to Request Remote Work Bill’. This sets out to make remote working a permanent feature for employees in Ireland’s working culture.
A stunning and unique nation which is welcoming towards foreign businesses and expats, it’s no surprise that the Irish economy is regularly going from strength to strength. Ireland’s highly educated workforce and competitive corporation tax rates have been instrumental in driving the country’s growth throughout recent years.
Since the United Kingdom’s withdrawal from the European Union, Ireland has attracted several multinational businesses, including LinkedIn, Facebook, and Google, who have established their European operations in the country.
Ireland’s capital city, Dublin, has been dubbed ‘the next Silicon Valley’ by many. Dublin is a growing hub for small and large businesses in the software and technology industries.
As a strong economy, Ireland has a number of key industries including software, hardware, food products, beverages, medical devices, and more. Irish workers are noted for their hard-working nature, with the OECD ranking them the most productive in the world when measured by GDP.
Ireland’s standard working hours are 9am till 17.30pm, Monday to Friday, making up around 40 hours per week. Employees are granted a one-hour lunch break during their shifts. These working patterns may vary between different industries. The average salary in Ireland tends to increase every year, standing at around €49,332 in 2019. Living costs in Ireland are generally more expensive that other European nations, and salaries are high to support this.
Ireland has a progressive income tax system where employees contribute 20% of their salaries up to a certain amount. An employee’s 20% taxable income amount varies depending on their circumstances, and this will vary based on marriage or dependency status.
In 2019, an individual without any dependent children was subject to the following tax rates:
Ireland also offers a competitive corporation tax system. The general corporate tax rate for businesses in Ireland is 12.5%, however foreign businesses may also be subject to 2.2% - 4.5% on any global profits which are moved to Ireland.
Most Irish employees are entitled to four weeks of paid annual leave from their employer each year. Some employers may agree to provide more paid annual leave, depending on the conditions set out in the employment contract.
Employers in Ireland are also obliged to pay sick leave for an employee for up to three days (upon provision of a doctor’s note). Employees must have completed 13 weeks of continuous service to be entitled to sick pay.
New mothers in Ireland are also entitled to 26 weeks of Maternity Benefit (around €250 per week), beginning on the date of the child’s birth.
Ireland observes several public holidays including the following (2022 dates):
Irish people are known for their hard-working nature, but also for valuing their free time. English is the official and most common language of Ireland; however, the Irish language is also commonly spoken and mandatorily taught in schools.
Ireland is a predominantly Roman Catholic country and around 80% of the population practice this religion. Other religious groups can be found throughout the country.
The Irish Government introduced strict measures to prevent the spread of COVID-19. Many Irish businesses chose to introduce flexible and remote working patterns to protect their employees and prevent the spread of the virus.
In 2021, Ireland introduced the ‘Right to Request Remote Work Bill’. This sets out to make remote working a permanent feature for employees in Ireland’s working culture.
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