Why do Irish investors prefer China to other countries?

Why do Irish investors prefer China to other countries? According to the British "Daily Mail" report, the "Good Country Index" was released. According to 125 countries' contributions to the earth and all mankind, Ireland was rated as one of the "best" countries in the world. With the wave of overseas expansion of China enterprises, is such a good country attracted as an immigrant investor in China?

As we all know, the Irish sales market has undoubtedly become a new choice for overseas capital. For example, at the European Financial Forum, several financial giants, including Citigroup, Bank of America, State Street Bank and Bank of China, generously sent a clear data signal that foreign markets have paid attention to the potential business opportunities in Ireland.

Such a concentration of investors in Ireland is bound to attract attention. It is very noteworthy that CEOMartinShanahan, the Irish Investment and Development Agency, recently said: "Over the years, we have established a very harmonious partnership with China companies." China is the main source of Irish foreign direct investment.

According to statistics, up to now, "the total number of China delegations visiting Ireland to find potential business opportunities has increased fivefold." Previously, six China banks, including China Industrial and Commercial Bank, focused on air freight forwarding services. In 20 17, the Bank of China announced the establishment of Dublin Branch, which means that Chinese banks announced the start of commercial operations in Ireland.

However, major consortia, such as Huawei, have already rationally laid out Ireland, and in recent years, they have gradually strengthened their total investment in Ireland. The analysis shows that the more important reason is not only the recognition of Ireland's social and economic development prospects, but also the unique charm of Ireland's current low corporate tax policy.

In fact, Ireland's corporate income tax is only 12.5%, far lower than most countries or regions, and the internal structure of the EU is still at a low level. In addition, Ireland has signed all-round agreements with 72 countries around the world to prevent double taxation, which can eliminate or reduce double taxation. Ireland will also give tax credits to companies in relevant countries that are not within the framework of such agreements according to the situation and the taxes paid in the relevant countries.

Just like this, in the evaluation of "a country more suitable for doing business", Ireland ranks first in the EU, fourth in the world, and first in the EU in terms of the convenience of self-employment and tax payment.