Ireland is one of the easiest countries in Europe in which to start a business. If you require a visa to live here, there’s even special programmes to speed up the process for entrepreneurs. If you’re seriously considering bringing an investment to Dublin, here’s an overview of all the legal matters you’ll need to know about. Regulation Irish regulators, across different sectors, have a strong reputation for excellence. These include: The Central Bank of Ireland, which is the regulator of all financial services firms in Ireland The Health Products Regulatory
Dublin has office spaces suitable for fledgling startups right through to international corporations. From bijou to the very big, from new builds to colourful Georgian conversions, it’s all on offer in the city.
Whatever your needs, you’ll be able to find the perfect base for your business. It doesn’t matter whether you’re looking for a 55m² retail unit or a 12,000m² office space. Available locations include city-centre high-rises in the city’s Central Business District and leafy suburban office parks.
Thanks to ongoing development, Dublin’s property inventory is growing fast. At the start of 2019, for example, 30 office schemes were under construction in Dublin city centre. Between them, they added more than 370,000 square metres to the market.
So if your business is thinking about investing in Dublin, you won’t have a problem finding suitable office space. Here’s some useful information if you’re considering setting up shop in the city.
Office parks in greater Dublin include:
- Sandyford Business District
- Grange Castle Business Park
- College Park
- Central Park
- Blanchardstown Corporate Park
- Park West
- Dublin Airport Business Park
What are office rents in Dublin like?
Before the onset of the Covid-19 pandemic, Dublin’s commercial space market had matured and office rents in Dublin city centre had stabilised at around €60 to €65 per square foot. At least that’s what commercial property firm HWBC said at the time.
During national lockdowns, as office workers moved to work from home, office rents generally decreased. But as of 2021, prime office rents in Dublin city centre remain stable at €630 per square metre – or just under €59 per square foot.
Right now, this is how office rents in Dublin stand:
- City centre: €630 per square metre / €58.53 per square foot
- South suburbs: €296 per square metre / €27.5 per square foot
- North suburbs: € 221 per square metre / €29.53 square foot
- West suburbs: €193.68 per square metre / €17.99 square foot
(source: CBRE Research)
However, it’s worth noting that office rent in Dublin’s north and west suburbs actually increased slightly during the pandemic. While office costs in the south of the county decreased slightly.
Pre-pandemic, HWBC forecast that the suburban market could potentially peak at around €35 per square feet at office park locations like Sandyford and Central Park. While the market’s future is somewhat unclear, this insight will provide investors with an estimate of maximum costs should the sector return to pre-pandemic levels of demand.
For those seeking a sense of community in their workplace, the number of coworking spaces in Dublin has grown over the last number of years. They usually offer both private offices and shared spaces.
There’s also some spaces carved out specifically for tech companies and startups. The likes of the Digital Hub and Dogpatch Labs create an innovative ecosystem of startups and established tech companies.
For startups, Dublin also boasts several progressive incubators and accelerators. They can help new businesses nurture and accelerate their growth, establishing their presence on the world stage. The Guinness Enterprise Centre and NovaUCD are just two examples.
How do I find an office in Dublin?
There are a number of commercial estate and letting agents in the city that can help you to find the right space for your business. These include:
- BNP Paribas Real Estate
- Cushman & Wakefield
- Avison Young
- Knight Frank
- Lambert Smith Hampton
- Owens Commercial
While Dublin’s vibrant culture, skilled workforce and business-friendly environment all play a role in attracting investment, it’s no secret that many firms base their operations here to take advantage of the favourable tax incentives provided by the state. Corporation tax in Ireland is among the lowest in the world. But there’s also plenty of tax reliefs and incentives for those who invest in research and innovation. From a more practical point of
How to access business grants in Ireland There is an extensive range of state supports available to companies that base themselves in Dublin. It’s one of the many reasons investment in the city is so strong. The support and financial grants available will depend on your company’s size, sector and plans for R&D. Here’s an introduction to the business grants and supports you may be able to access. If you’re already running a business in Ireland, you can also check out our page on Covid