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Social-networking website Facebook has confirmed plans to establish its international headquarters in Dublin.
The company said Dublin will be the centre for its international operations and will provide technical, sales and operations support to users and customers across Europe, the Middle East and Africa.
No details were forthcoming on where the company will be based or on how many new jobs are likely to be created as a result of Facebook's expansion into Ireland. However, a spokesman for IDA Ireland said that recruitment activities were believed to already be underway.
"We looked at a number of different locations and ultimately decided that Dublin was the best pick for a couple of different reasons," Don Faul, Facebook's chief of online operations told the Irish Times .
Doing things like pushing the Universities to increase the size of their Comp Sci faculties...
They took a multi-pronged, well thought out approach to it. I don't know about their tax structure, but I'm guessing it would be competitive to fit in with their overall plan.
However a few of these companies choose to relocate (e.g. when subsidies ended or became better/more economical elsewhere) - therefore I believe Scotland it trying to take a more balanced view by attempting to equally support and grow local companies (though again, I'm no expert on the subject).
Ireland does seems to be the place for a lot of internet companies (and deservedly so).
Any rich pop star with sense would be better off settled offshore rather than Ireland. My 2 euro.
In most cases, artists are exempt from tax in Ireland subject to a reasonably high cap. They don't pay tax on royalties from albums, scripts, books, paintings, sculptures &c.
> We'd lunch in Google down the road last Friday.
> Paypal just processed my Ebay purchase. (Both across town)
> Amazon's Customer Support emailed me yest from their nearby office.
> Ireland is the only English-speaking country/region in the Euro-zone.
> Our corporate tax rate is 12.5% (countries like France are trying to eliminate that USP)
> Over 100 different languages are spoken in Dublin according to our 400 year old local University - hence the attraction.
> Facebook's servers etc will be hosted offshore for data (non)-compliance reasons...
PS: Here in the Guinness Enterprise Centre, I get to smell the stuff every day. (It's nice!)
I think it is really smart of them. Their such a small country, yet so powerful, also to take make such a quick turnaround is huge.
Its complete garbage, high tech Ireland laughing aloud and the sad thing is I am Irish.
Just over 12 months ago I finally got broadband after waiting 2 years.
Up until last year I had never used youtube.... couldn`t...56k connection.
Over 20% of our little country still has no broadband access of any type. Although some private companies "magnet" have begun rolling out fiber (24mb bb) in parts of the capital.
I have lived in the capital Dublin most of my life and now live an hour outside.
Most of our school system still have no computers....
We had a computer recycling program for business sending refurbs to Africa... Yesterday some really smart guy announced an amazing idea on TV we will take old business computers refurb them and give them to Irish schools....hmmmm wow guess the Africans won`t be getting anymore ancient PC`s.
I hate having to point this stuff out but hell we are allegedly building a knowledge economy. The government is up the creek without a paddle. The country built on property and nothing else.
National roads development (building plan) going ahead 23 billion euro - some schools have no computers others have computers (own fund raising) no teachers to teach computers. Educational spending being slashed.
Em did this very same scenario not happen in Finland, would it not be wise to follow there proven recovery plan invest heavily in education after all is education not essential to a knowledge economy?
The real answer why facebook came here and why any other foreign company comes here....Tax incentives - although listening to mc cain and obama I think that trip will be over soon. Didn`t Mc Cain mention Ireland in the presidential debate...emm doh..
Dell getting ready to jump ship, unemployment soaring, property plummeting, government run by PR people look we created 25 jobs last week while 2,500 people lost there jobs the previous week and 2,500 every week since the start of 2008.
Come to Ireland well a 24 mile square radius of Ireland anyways (24mb area) we have loads of readily available work force, trust me... but most of all we will give you the best tax incentives as soon as the free ride is up... well you can go somewhere else.... logical really.
If any country would like to invade feel free we have 4 billion barrels of untapped oil allegedly in our new international waters....shhhh...
Invading parties please bring plenty of the dark stuff
fiber optic that is.... never did like that Guinness stuff....
We were infected with a viral pr epidemic it was first spotted in the US then later spread to the UK and then passed onto us... its were the government (PR Spinners) tell you one thing and your eyes tell you different... the population believed the propaganda and partied like it was 1999..
Its where the government choose to ignore those oecd reports warning of a bubble bursting then publish reports from banking institutions telling you keep borrowing money everything is hunky dory then next morning you wake we are in recession emmm surprise.... guess those economists were actually telling us the truth for the past 2yrs...parties over hangover time....except nobody has any aspirin.
A whole generation enslaved in negative equity.. entrapped by the system... they came they worked they paid there mortgage.. 23% of the male adult working population employed in the building sector.
education education education.
Disclaimer: I belong to a splinter cell who didn`t buy into the hype..(some may say I was a bum... internet whats that all about)...but am now calm and content while all round sound of armageddon... no armageddon going on here...quite the opposite - roll on the knowledge economy..
I'm reminded of one guy in the World Trade Center on 9/11.
He ignored the offical announcements that "everything is OK & stay at your desk". He ran for his life because of what he could see.
When asked afterwards why he didn't obey the instructions given, he said that he grew up in the Nixon era and had developed total disdain for what Government / authorities said.
I pity those in Ireland who haven't had similar disdain for official announcements over the last few years.
I am Irish too and in my opinion the reason that the big Internet companies are attracted to Ireland is because: low corporation tax, english speaking, in the euro zone, lax planning laws and a university educated workforce willing to work for lower wages than Americans.
But it has NOTHING to do with Ireland's so called IT infrastructure (don't make me laugh). The main markets for these companies is the US, UK and Europe. Ireland is just a low tax European base for them.