Since the last global downturn, an increasing number of people have migrated to Dublin from overseas. Given it’s proximity to the rest of Europe and rich history, it can be no surprise that Dublin remains very popular among expats. With some stunning architecture, friendly inhabitants, world-renowned hospitality and nightlife, Dublin has something for everyone. Here we offer some key facts about this vibrant city on the Liffy.
1. Job Security and Optimism
Dublin is the beating heart of the Irish economy. Accounting for roughly 50% of Irish GDP, the city was at the centre of the Republic’s rapid growth and “Celtic Tiger” economy between 1995 and 2008.
The city has a varied economy. It is home to numerous media outlets, including RTÉ. Mobile giants 3 and Vodafone are based in the city. As well as Apple, other tech giants can be found; Ebay, Dell Google and Microsoft are located in Dublin, taking advantage of Ireland’s competitive taxation. And the famous St.James’s Gate Brewery produces around 10m pints of Guinness daily.
The Global Financial Centres Index saw Dublin ranked 5th in Europe and 31st globally. Many of the jobs in Dublin’s financial services sector are based at the International Financial Services Centre in the Dublin Docklands area. Also located in Dublin is the Irish Stock Exchange (ISEQ).
Ireland thrives on tourism and Dublin is certainly central to that. Figures from 2016, showed that Dublin attracted over 5.6 million foreign visitors, which generated revenues of around €1.9bn.
2. Location, Location, Location
The city’s location gives it great access to Britain and the rest of the EU, with a massive ferry port and Dublin Airport close by. It’s use of the Euro keeps it aligned with the rest of the continent, making trade much easier.
Dublin has two large canals which meet in Dublin Bay and offer boat trips. Dublin Airport can also be found, handling roughly 28m passengers in 2016 – and home to airlines Ryanair and Aer Lingus.
The city is also served by a well-functioning rail network, which radiates across the country. Heuston and Connolly stations are the two main railway stations in the city. Operated by Iarnród Éireann, the Dublin Suburban Rail network consists of five railway lines serving the Greater Dublin Area and commuter towns such as Drogheda and Dundalk in County Louth.
4. Quality of Life
Quality of life is one of the more commonly cited reasons given by potential emigrants to the Emerald Isle. According to Mercer’s Worldwide Cost of Living Survey, Dublin was ranked 43rd overall and the most expensive city in the Eurozone two years running – largely due to accommodation costs. Similar surveys of ex-pats in 2015 and 2017 ranked the city as the 49th and 47th most expensive city respectively.
However, Dublin consistently ranks high for living standards. Indeed, as recently as 2008, the city has the 2nd highest wages in the world, although it has since dropped out of the top 10.
5. Hospitality and nightlife
Dublin is renowned for its hospitality and nightlife. Dubliners are well known for their warm welcome and their legendary “craic”. The city offers many areas to socialise, with Temple Bar being a hotspot for tourists and locals alike. The annual influx of tourists and large student community give the city a cosmopolitan, cultured feel. There is something for every taste and as the home of Guinness and Jamesons Whiskey, you certainly won’t struggle against thirst.
Tourist attractions include Trinity College and College Green, which is packed full of incredible history. Grafton Street is another well known cultural hotspot and popular for buskers. The National Gallery of Ireland is located in the capital, showcasing Ireland’s epic history, with works from the Middle Ages to the present day.
1. Dublin has the youngest population in all of Europe. Approximately 50-percent of the population is less than 25-years of age.
2. The City of Dublin contains 666 licensed pubs – the oldest known pub is the Brazen Head, established in 1198 AD as a coach house.
3. Dublin was founded by Vikings, who settled in what they called the “Norse Kingdom of Dublin” in the 9th century – However, Dublin is an Old Irish Gaelic phrase that translates to “Black Pool”
4. Dublin’s famous Trinity College boasts many celebrated graduates—including Oscar Wilde, Jonathan Swift, and Bram Stoker (who wrote Dracula)
5. County Dublin is the country’s third-smallest county but a third of Ireland’s population lives there.
If you are interested in a move to Ireland or anywhere else in the world and would like to speak to Kingpin International about International Tax Opportunities, across Direct Tax, Transfer Pricing or Indirect Tax please contact a member of the team. Alternatively, view our current International Tax vacancies.