Ireland

Shannon Development

Shannon Ireland has been an international investment location for over 40 years. Attracted by the mix of fiscal, infrastructural and business supports, many global leaders in a variety of sectors including Financial Services and Technology have chosen to locate there

The 600-acre Shannon Free Zone, adjacent to Shannon International Airport, home to a variety of financial service, technology and manufacturing firms.

Since its foundation in 1959, the 243-hectare Shannon Free Zone has become home to 110 companies, employing 7,500 people and generating exports of €3.5b per annum. Companies who have located at Shannon include Digital River, GE, Intel, Halifax Bank of Scotland, Lufthansa, Mentor Graphics, RSA Security and Symantec.

The key business activities carried out at Shannon include Customer Support Centres; Shared Services & Back Office Operations; Financial Services; Supply Chain Management; Regional Headquarters and Manufacturing. Shannon offers investors a stable, profitable, English-speaking base from which to serve world markets. Shannon’s competitiveness is based not just on tax benefits and costs, but on knowledge, innovation and flexibility. Since its foundation, Shannon has demonstrated the ability to adapt to change in a unique way that connects innovation, knowledge, people and enterprise to meet the fast-evolving demands of world markets.

ShaNnon offers:

• One of the lowest corporation tax rates in Europe at 12.5%. Ireland offers one of the most beneficial corporate tax environments in the world with a corporation tax rate of 12.5% applying to profits derived from active trading activities. A young skilled well-educated workforce, with relevant technological and business skills. One of the reasons why so many companies choose Shannon is because of the workforce – Ireland has the youngest population in Europe with over 40% under the age of 25 years.
• Surveys show that foreign investors consider the quality and the “can do” flexible attitude of Irish people to be two of the country’s greatest advantages. Adjacent to Shannon is the University of Limerick, with over 9,000 students in faculties such as Science, Informatics & Electronics, Business, Education and the Humanities.
• An advanced and competitive operating environment. Shannon offers property solutions across a range of options to meet foreign investors’ requirements. The €200m 40-acre Westpark Shannon Campus is designed to meet the needs of 21st century business, with substantial resources applied in deploying a visionary ICT Strategy for the Campus. Ireland has access to EU markets of over 450 million people. Efficient transport networks bring most of Europe within 24-48 hours. Companies are gaining additional advantage by centralising their pan-European distribution logistics operations in Shannon. Shannon International Airport offers daily scheduled services to key destinations in Europe and North America.
• Ireland has one of the most advanced and competitive telecommunications infrastructures in Europe. The market is fully deregulated and currently over 20 companies compete on the basis of value-added services.
• A competitive local economy. The Irish government’s economic policies are directed towards the creation of a stable economic environment that is supportive of the needs of business. The forces of growth are firmly rooted in Ireland’s economy, through favourable demographics, increasing investments in education and a high rate of technology-oriented investments.

ShannoN Development

Shannon Development is the autonomous Irish government agency responsible for promoting Shannon. Its aims are to introduce overseas investors to the advantages of doing business from Shannon Free Zone and to support existing foreign companies located here.

Contact details:
Website: www.shannonireland.com E-mail: marketing@shannonireland.com

 

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