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Brexit Made Dublin More Appealing for Technology

As the only remaining English-speaking capital in the EU, already Alphabet Inc.’s Google and Facebook Inc’s home away from home in Europe, Dublin will have an opportunity to be a victor in London’s dirty divorce from Brussels.

Slack, Airbnb, twitter and other prominent technology businesses have their European headquarters in Dublin, close to the city’s so called Silicon Docks, which lies near an area dubbed “Googletown” because of the vast campus of Google there.

Apple employs in Ireland, Google individuals about 5,500 about 6,000, Microsoft about 2,000, and Dell about 2,500. Technology firms together employ more than 80,000 people in Ireland, according to IDA Ireland, which has responsibility for bringing foreign investment.

What’s the appeal to Dublin for technology firms?
Dublin has several soon-to-be-unique interests within the EU. A youthful, native English-speaking, tech-savvy population of 4.6 million people, an openness to foreign gift and a government mainly in thrall to technology firms.

That is why many U.S. tech firms use Ireland as the base for licensing their technology to all their European subsidiary companies.

But as limitations to immigration was a core part to the Leave effort, there’s every opportunity discussions will seek to apply more powerful rules than exist now in the U.K. While technology firms based in the U.K. may be compelled to browse a labyrinthine work permit system, Ireland will continue to let European talent to base itself there, and bring co-workers.
It’s not quite that straightforward. Sterling’s drop makes London that bit more affordable for large technology firms.
Other technology hearts in EU states are also fighting to bring talent that is technology. Berlin in particular has also brought large numbers of creators and engineers from throughout the EU and beyond and has a profitable startup picture.

Yes. The European Commission is probing Apple’s tax deals in Ireland. With a decision expected as soon as both Apple and Ireland are bracing for a loss. But the EU is probing a really special so called “sweetheart deal” Apple supposedly received from Ireland — there’s no more comprehensive risk to the country’s tax system.

by admin on June 29th, 2016 in Technology

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