Dublin is by far the biggest beneficiary of Brexit relocations, according to the European think tank New Financial.

An fDi report for 2021-2022 also notes that Dublin will continue to be the location of choice for firms leaving London for Brexit-related reasons. This is largely thanks to its well-established financial services sector. As of spring 2021, Dublin had already welcomed 135 financial firms which decided to relocate. This figure represents more than a quarter of the firms that made a move out of the UK.

So far, companies moving to Ireland after Brexit include Barclays, Morgan Stanley, TD Securities, S&P Global, Thomson Reuters, Equilend, Coinbase, Goldman Sachs, JP Morgan and Bank of America.

Why are businesses relocating to Dublin after Brexit?

Generally, there are many aspects which draw FDI investment to Dublin. Its business-friendly environment, tax incentives, skilled workforce and innovative incubators and accelerators all play a big role. The city’s diverse community and culture are big pluses too.

For companies seeking to deal with the implications of Brexit, setting up a base in Dublin provides access to the EU’s single market too. Plus, thanks to the Common Travel Area arrangement between Ireland and the UK, British citizens are entitled to come to Ireland to live and work. There’s no conditions, caveats or restrictions attached.

Post-Brexit, Dublin offers companies an opportunity to grow their business with as little disruption and cost as possible.

Support for newcomers

For companies seeking to grow and diversify their Irish footprint, the IDA offers practical support and assistance. It provides information and advice, as well as financial assistance across R&D, training, employment and capital investment.