Latest Brexit News 2017: 15 Global Financial Institutions announced expansion to Ireland due to UK Brexit
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| Brexit - UK - Ireland - A Scrabble (c) RT.COM |
According to financial experts, Irish capital - Dublin in now seen as an important financial centre, providing an easy transfer of a UK-based business to the Irish shores.
Since the beginning of 2017, staggering 15 financial-related companies started to move their businesses from London. According to the Irish media sources, these include a well-known brands such as JPMorgan, who just leased/bought an office in Dublin for thousand of its workforce. Citi, Barcalys, Legal & General & Pinsent Masons are also considering the move (from UK) in due course.
IDA Ireland's (previously Industrial Development Authority) boss - an agency started to develop foreign investments on the green island, Martin Shanhan.
highlighted the fact that Britain's decision to leave the European Union brought Ireland an enormous pressure and political, economical & diplomatically challenging times.
According to Mr Shanhan, Dublin offers the most-convenient location for a move of a business and post-Brexit business development opportunities. The also noted that 15 of world's 15 largest banks now has a major exposure in Ireland.
It's worth also noting, that the standard rate of corporation tax in Ireland is among the lowest in the world at a mere 12.5%.
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