Since the 1950s, Ireland has pursued a vision of ‘industrialisation by invitation’ by creating a tempting business climate, which has attracted huge investment from US and European companies. These investments have benefited many parts of the country, but Dublin’s deep pool of talent, long-established infrastructure and rich culture has attracted the lion’s share. Here’s a quick run-down of the largest international firms that have made significant investments in Dublin. Finance Many international banks have significant operations in Dublin, serving Irish and European markets. This cohort is likely to swell as banks with operations in the City of London re
Dublin is a global, entrepreneurial city with a bright future, and people are flocking here to share in its success. Here are seven of the top reasons why a move to Dublin might be the right move for you, too.
1. The robust jobs market
Ireland has recovered well from the recession that followed the financial crisis of 2007–2008. GDP growth in 2018 was a remarkable 6.7%, the fastest in Europe. In 2019 the country is expected to have the EU’s second-fastest growing economy. EU statistics show GDP is due to grow by 4.1% – only Malta is ahead on 5.2%
On the employers’ side, consultants EY say that firms across the island remain positive about their own prospects, referring to an ‘overwhelmingly bullish outlook”. EY’s Economic Eye has forecast that jobs growth will be in the construction, ICT, accommodation, administrative services, and education sectors. A survey from consultants PWC published in 2019 found that ‘a majority of Irish CEOs expected their headcount to increase’ in the next 12 months.
Wages are healthy and expected to rise as the economy approaches full employment. At the same time, inflation is weak so an Irish paycheque is likely to hold its value for the foreseeable future.
2. The world-leading business culture
Dublin is a great place to advance your career. It’s a business-friendly city that nurtures excellence and has, for the past several decades, prioritised competitiveness. No matter what field you’re in, your career will benefit from living and working in Dublin.
Dublin’s recent prosperity owes much to its embrace of the knowledge economy. The city’s leaders recognised this potential early and set about building a city that was attractive to international business and the talent it relies on. As long ago as the 1980s, city authorities set about developing Dublin’s historic docklands. This iconic area is now home to the city’s thriving financial and tech industries. The commitment to creating a world-class city for business and talent hasn’t waned, and Dublin continues to do well in rankings of culture and competitiveness.
The European Commission’s Cultural and Creative Cities Monitor compares European cities based on three cultural measures: a city’s cultural vibrancy, its creative economy, and enabling environment (the assets that help a city attract creative talent and stimulate culture). Dublin ranks fifth out of 34 European cities of a similar size, and first for ‘enabling environment’ – reflecting its investment in its docklands.
In the IMD World Competitiveness Rankings, which ranks the world’s nations on a range of metrics related to business competitiveness, Ireland ranks 20th overall and is number one in three key areas: the availability of competent senior managers, the openness of the national culture to foreign ideas, and flexibility and adaptability to new challenges.
Business culture aside, living in Dublin means that there’s loads to do in your downtime. Every weekend sees a new festival, concert or market. The vibrant shopping, nightlife and food scenes means you’ll never be stuck for something to do. Ireland is small, so a weekend away in a beautiful spot like Galway, Dingle or Waterford is eminently doable. Or, you could book a flight – Europe is only a stone’s throw away.
3. A wide range of educational opportunities
Ireland’s third-level education system is among Europe’s best. The country ranks second, after the UK, for the number of adults with a tertiary degree. Despite a relatively small population just shy of five million, Ireland boasts seven public universities and fourteen institutes of technology.
Enterprise Ireland, the state development agency, and IDA Ireland, the agency responsible for foreign direct investment, have created networks of collaboration between research institutions and private enterprise. Ireland ranks fifth in the EU for R&D investment, which means our companies are always at the cutting edge. Your career will benefit from the close relationship between Ireland’s tertiary education system and the private sector. Take a look at our guide to studying in Dublin
4. The multi-lingual culture
Over a relatively short period, Dublin has become an extraordinarily culturally diverse place. People come from all over the globe to live and work here – you can be sure that visitors from your own country are amongst them. Finding like-minded people to socialise with is made easier again by the friendly and welcoming nature of the average Dubliner.
English is Ireland’s second official language and by far the most widely-spoken in practice. About 40% of people can speak Irish. But Ireland is a melting pot. Half a million residents speak a second language, and 150,000 of them are Irish nationals. Prominent languages include Polish, French, Lithuanian, German, Spanish, Russian, and Romanian. Immigration from countries outside the EU is accelerating, so expect languages such as Chinese and Arabic to gain more prominence.
5. Plenty of holidays
Full-time workers in Ireland can look forward to four weeks’ annual leave, on top of allowances for public holidays, sick leave and maternity leave.
6. Explore Europe, visit the USA
Look at a map and it seems like Ireland is on the edge of the world. That may have been true in the past, but air travel has transformed the map. Today, Dublin is on Europe’s doorstep and within a stone’s throw of the USA. You can fly to Moscow in five hours and to New York in just under seven. That means that Europe’s glittering capitals, Mediterranean resorts and ski chalets are just a few hours’ flight away. Best of all, Europe’s low-cost airlines, including a couple of Ireland’s home-grown carriers, have made it more affordable than ever before. There’s no better base from which to explore all the glories of this continent – blessed with natural beauty and steeped in history.
7. The craic is 90
A semi-scientific poll shows that there’s one pub for every 1,700 people in Dublin. This excludes restaurants, cafes, nightclubs, and hotel bars, so there’s plenty of entertainment venues to go around. The pub is the cornerstone of social life in Dublin, and all you need do is enter one to find good people to have fun with. Nightlife, in general, is buzzing – 40% of the population is under 30. The music scene is pumping, and venues like Croke Park are regularly packed out with fans of international stars. That’s when it isn’t hosting hurling and Gaelic football fixtures – Ireland’s favourite sports. Rugby and football also bring the fans out in huge numbers.
Since returning to positive growth in 2011, the Irish economy continues to gain momentum, a trend reflected in the strong performance of the labour market. There was an annual increase in employment nationally of 3.4% or 74,100 in the year to the second quarter of 2018 (Source: CSO). In Dublin and the mid-east, the number of jobs in FDI companies rose by 14% in 2018 (Source: IDA); employment is forecast to continue to grow strongly to 2030. Accompanying this increase in employment is a growing need for talent. There are plenty of opportunities for people with various particular skills. Ireland’s Skills and Labour Market Research Unit (SLMRU) has identified skills shortages in the
A cosmopolitan lifestyle, rich culture, plenty of public amenities and small-town warmth combine to make Dublin a fun and rewarding place to live. Here’s some of the things you might want to consider before making a move. What’s the weather like? Ireland’s climate could be described as mild, moist and changeable. It certainly rains a bit. Dublin gets about 730mm (28 inches) of rain a year – more than London or Paris, less than Copenhagen or Munich. In the height of summer, the sun doesn’t set until almost 10pm. Temperatures rarely drop below freezing and snow is uncommon except on high ground. The mercury tops out at about 20° Celsius in summer. Here are som