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Irish Series: The hum of activity coming from Ireland

I left my flat in London at 7am and by 11.30am I am sitting in a hotel lobby in Dublin City Centre with my laptop infront of me, preparing for a busy day. Commuting to Dublin has become almost routine for me; travelling “across the pond” once or twice a month for meetings with clients, contacts or like-minded professionals, exploring avenues and ways to expand our business into Ireland. Having qualified in Ireland, spending time in Dublin working and nurturing the long-standing relationships that I, along with almost every Irish person, have across all sectors seems natural.

As I walked up Grafton Street and took a seat in the hotel foyer to catch up on the morning’s emails, I noticed what a hive of activity Dublin is. Every shop was open and buzzing, and looking around the hotel lobby I noted introductions being made, hands being shaken and business being done at almost every table. The City is humming and it is inspiring to see.

With Ireland set to become the fastest growing euro zone economy up to 2024 and projected GDP growth of 3.5% in 2018, we can see the country firmly re-establishing itself in world economics. There is an optimism that can be seen in the levels of business transactions taking place in the capital and across the country.

Ireland has seen a significant influx in multinational companies settling in the country and a rise in Foreign Direct Investment (‘FDI’). With 9 of the top 10 global ICT companies, 8 of the top 10 global pharmaceutical companies and 8 of the top 10 gaming companies locating the hub of their European operations in Ireland, the country has become the second most attractive country globally for FDI, after Singapore*.

In order to support this exponential growth, the country’s infrastructure has to advance and develop. Housing, transport and social and economic infrastructure has been forced to develop to meet the demands. Accommodation remains an issue, with rent at an all-time high and developers slowly starting to reawaken from their celtic-tiger induced slumber. Many businesses have however taken inspiration from their European counterparts and developed to meet the demands. Restaurants and bars to cater for all tastes and budgets have emerged, co-working spaces have sprung up and the red and green luas lines have finally been linked, to mention but a few.

The Irish people and all those who live and work here are engaging their world-renowned skills of diligence and development and are setting the country alight again. Sitting looking around me, tapping away on my laptop in Dublin City Centre, I know that Ireland has a lot to offer and this is the place to be for emerging and developing business.

At Meaby&Co, we specialise in dealing with UK based legal issues for Irish based individuals and businesses. We can connect you with professionals based in Ireland and with our frequent trips to Dubllin there is no need to travel to meet with us.

Contact me on cboyce@meaby.co.uk to discuss any issues.

*Education in Ireland

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Meaby & Co Solicitors LLP is a limited liability partnership authorised and regulated by the Solicitor’s Regulation Authority (SRA Number 447880) and registered in England and Wales with registered number OC322672. Its registered office is at 2 Camberwell Church St, London, SE5 8QY where a list of members’ names and their qualifications is open to inspection. The term ‘partner’ is used to refer to a member of Meaby & Co Solicitors LLP or an employee or consultant with equivalent standing and qualifications or an individual with equivalent status.

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