The World Bank’s Ease of Doing Business report ranks Ireland as the world’s 8th easiest place to start a business: “Ireland’s pro-business attitude and relatively low level of bureaucracy supports the setting up of business with a minimum of red tape…[its] strong legal and regulatory landscape makes the country an attractive and stable place to do business”. 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 Authority (HPRA) which boasts a
Whether you’re looking for a 55m² retail unit or a 12,000m² office space, Dublin has the right spot for your business and one that will fit your corporate culture. From new-builds to conversions of characterful historic properties, and from bijou to very big, the perfect base for your start-up – or your international corporation – is here.
Available locations include city-centre high-rises in the city’s Central Business District (CBD) and leafy suburban office parks. Thanks to on-going development, Dublin’s property inventory is growing rapidly. According to Property consultants CBRE, ’30 office schemes were under construction in Dublin city centre at the end of the first quarter, extending to more than 370,000m between them’.
In a February 2019 report, link commercial property firm HWBC forecast that prime office rents in Dublin will remain at their current level of around €60 to €65 per square foot, a sign, it said, that the market is maturing. In the same report, HWBC noted that the suburban market has the potential to peak around €35 per square feet at office park locations like Sandyford and Central Park.
Office parks in the Dublin are
Rent: what will you pay?
- City centre: €700 per sq m/65 sq ft
- South suburbs: €306.66 per sq m/28.50 sq ft
- North suburbs: € 210 per sq m/19.50 sq ft
- West suburbs: €188.30 per sq m/17.50 sq ft
Rent levels for Dublin office space remained unchanged year-on-year in Q4 of 2018, according to commercial real estate services firm CBRE. A recent survey by the Society of Chartered Surveyors Ireland, reports that the average annual rent in Dublin per square metre for ‘Retail Prime Floorspace’ was €6,000. For ‘Industrial Floorspace under 500m²’ it was €98 and for ‘Industrial Floorspace over 500m²’, €85.
Also during 2018, Dublin’s serviced office market increased by 50%; research from Click Offices puts the size of Dublin’s serviced office market at 23,000 desks.
According to CBRE, more than 364,000 square metres of office leasing activity occurred in Dublin in 2018, surpassing all previous records. At the end of the same year, the overall rate of vacancy in the Dublin office market was just over 6pc. View more information on CBRE’s report on Q2 of 2019.
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, including:
- BNP Paribas Real Estate
- Cushman & Wakefield
- GVA Donal O Buachalla
- Knight Frank
- Lambert Smith Hampton
- Owens Commercial
Dublin boasts several progressive enterprise centres, start-up and digital hubs where you can nurture your new business or accelerate its success like The Digital Hub, Dogpatch Labs and The Guinness Enterprise Centre.
If you’re looking for a coworking space, you’re in luck: Dublin is in the vanguard of this movement, offering a variety of options for those seeking a sense of community in their workplace.
There’s no secret as to why so many companies have chosen to base their operations in Dublin – Ireland is the top country in the world for investment incentives. Favourable Tax Regime Ireland’s corporate tax rate is 12.5%. That’s the third-lowest in the EU, and the third-lowest in the OECD group of developed economies. Only Switzerland’s and Hungary’s are lower. The PWC “Paying Taxes 2019” report ranked Ireland 1st in Europe for ease of paying business taxes.
State Funding & Supports There is an extensive range of state supports available to companies choosing to base themselves in Dublin. Foreign direct investment For both established and emerging multinationals, the highly successful and long-established semi-state agency IDA provides a comprehensive range of services to overseas companies who are looking to establish or expand their operations in Dublin. From arranging introductions within government and industry to providing grants and other investment incentives, the IDA is your