The Brexit Winners: Dublin, Berlin, Frankfurt, Inbound Tourists and British Universities - 2. Tech Hub, Dublin
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2. English Speaking Tech Hub: Dublin
Ireland is about to become a unique destination within the European Union. With a population of over 4.5 million, the country will become largest English speaking region in the EU after Britain exits. This makes it a top choice for companies who would like access to both the European market and a wide pool of tech savvy, English speaking employees.
The Irish capital already has in place some of the best regulations for corporations within the EU, with corporate tax laws capped at 12.5%. Well established companies such as Twitter, Airbnb, Slack, Facebook, and Google have already chosen Dublin as their European base, thanks in a large part to this.
That said, it must be noted the UK is looking to aggressively lower corporation tax in order to ensure companies continue to view the country as a place in which to do business.
This could seriously undermine Ireland's corporation tax attractiveness and will certainly help Northern Ireland align more closely with the Republic.
The commissioner for startups in Dublin, Niamh Bushnell already counts herself and her city as one of the biggest potential winners of Brexit, as seen in her press release, Thanks to Brexit. Bushnell invites global companies to invest in her city that is already home to a startup density of 1,200, “among them world leaders in travel tech, fintech, and SaaS. With Brexit comes opportunity.” Bushnell concludes, “Let’s not waste it.”
