Since the last global downturn, an increasing number of international tax professionals have migrated to Dublin from overseas. Given its proximity to the rest of Europe and rich history, it can be no surprise that Dublin remains very popular among tax and transfer pricing expats. With some stunning architecture, friendly inhabitants, world-renowned hospitality and nightlife, Dublin has something for everyone. Here we offer some key facts that we think would be helpful for you before moving to Dublin.
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. Its use of the Euro keeps it aligned with the rest of the continent, making trade much easier.
Transport
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, ideal for travelling tax expats. 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.
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.
Hospitality and Nightlife
Dublin is renowned for its hospitality and nightlife, which is a hit with international expats. 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.
Some facts about Dublin
Dublin has the youngest population in all of Europe. Approximately 50-percent of the population is less than 25-years of age.
The City of Dublin contains 666 licensed pubs – the oldest known pub is the Brazen Head, established in 1198 AD as a coach house.
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”.
Dublin’s famous Trinity College boasts many celebrated graduates—including Oscar Wilde, Jonathan Swift, and Bram Stoker (who wrote Dracula).
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 Dublin, 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.