What to do in Dublin if you are a young and ambitious person who wants to have a new interesting experience? In fact, you have a lot to choose from.
First, you can pick up a car rental Dublin under 25 and explore the unique attractions of this iconic Irish city. The second thing is to move to Dublin to start your own business. Both options are good. Like driving a rental car, doing business in the capital of Ireland promises a truly rewarding experience.
According to Forbes magazine, Ireland is the best country in the world for business. ‘Emerald Island’ is one of the main centers of attraction for IT companies and startups. More than 1,150 international companies, including Google, Facebook, Twitter, Airbnb, LinkedIn, Dell, and Intel, have chosen Ireland to host their European headquarters. The main reason for this attraction is one of the lowest corporate taxes in the world at 12.5 percent. For comparison, in France or Belgium this type of tax is about 34%, and in the USA – 40%.
The presence of the world’s tech titans has resulted in a vibrant and dynamic ecosystem for startups and venture capital. More than 14,000 companies open annually in Ireland, which is a very high figure for a country of almost 5 million people. If you are also interested in starting a business in Ireland, and especially Dublin, check out the main pros and cons of doing this.
Pros of doing business in Dublin
Easy business start
One of the undoubted advantages is the ability to quickly and easily register a company and its further service. In Dublin, you can entrust this business to specialized firms, for example, Grand Thorton. This is a fairly large and reputable agency.
Opening a bank account is also relatively easy: Bank of Ireland will open an account for you in 5 days, which is certainly a great advantage. Another important factor is the high-quality business support from the Irish government, including the innovation voucher program that ensures cooperation between business and universities in research and many other ways of interaction.
Well-developed business community
Communities are another feature of the Irish business climate. For example, the aforementioned Bank of Ireland offers a free coworking area in the heart of the city and many free business events. This makes it easy for you to establish contacts at any level. You will definitely find someone who can introduce you to the right people or an event where it will be easy to establish business contacts.
Everyone is talking about Irish friendliness, and these are not just words. Agree, it’s much more pleasant to do business in a country where people show their best human qualities. The founder of Kaitek Labs startup Emilia Diaz in her blog told how she first came to Ireland. She had problems with a bank card, while she had to rent a car and get to another city to meet with potential partners.
Many people helped her in various ways – from paying for lunch at a cafe to free taxi rides. There are many such examples. For the Irish, this is not something supernatural, but a part of their daily life.
Beautiful nature and many iconic places around
Doing business takes a lot of time and effort, so sometimes you will need to pause and rest. Fortunately, Dublin has excellent relaxation opportunities. Rent a car and drive along the scenic Irish Sea coastline. Want to explore another big city in Ireland? Take your rental car and go to Cork located a 3-hour drive from Dublin.
Despite the well-developed public transport, it will still be much more pleasant and comfortable for you to travel in a rental car. What’s more, it will cost you only $30-40 per day. Dublin has many things to see and places to visit. As a result, you will always find a way to have a great time off from work.
Cons of doing business in Dublin
One of the eternal problems of expats is renting an apartment for the first period of stay. Finding good housing at an affordable price, especially for the short term, is a real quest. Much depends on luck and the ability to promptly send requests for the desired apartments.
Many world-known companies are based in Dublin, thus most of the apartments are occupied by their employees. New offers do not appear on the rental market very often, so demand outstrips supply.
Most modern business formats are associated with traveling. Even though Ireland is part of the European Union, it requires a separate visa for visiting European countries. Any travel from Ireland is most often expensive and inconvenient in terms of connections, flight frequency, and routes. The only successful flight communication is the connection with neighboring Great Britain.
However, when it comes to the rest of the world, moving around seems awkward.
The weather in Dublin can be disappointing for heat lovers. Cloudy, cool days with a tangible wind are typical for the country. Humidity is high due to the proximity of the sea. Snow and frosty sunny days are also rare.
The average annual temperature is +13˚C, without sharp fluctuations. People accustomed to the continental climate find it difficult to endure such weather. Plus, humid air makes the ambient temperature feel 3-4˚C lower than the real air temperature.
Summing it up, thanks to modern technologies, we got the opportunity to do business from anywhere in the world while choosing the best conditions for ourselves. In addition to loyal tax rates, Dublin has a well-developed business community, a friendly human environment, and many leisure options around. All this makes it possible to consider the capital of Ireland as a suitable place for your startup and the embodiment of your business ideas.