Foreign Direct Investment

Ireland captures a disproportionate amount of Foreign Direct Investment (“FDI”) in Europe thanks to a business friendly legal and tax environment. Today, over 152,700 people are employed in Ireland by international companies. Ireland continues to attract FDI in a challenging global market, due to its tax, talent, technology and track record.

Why Ireland?

For over 50 years, international companies have been investing in Ireland. Ireland is an attractive location for these companies primarily for a variety of reasons:

  • Tax, Talent, Track Record, Technology, Education, Gateway to Europe, UCITS / Investment Funds Regime.

The FDI projects establishing in Ireland can occur by way of greenfield site set-up, investment into already existing operations or via merger / acquisition. In addition, Ireland acts as a “gateway to Europe” for many US and other non-European companies, including the ability to easily “passport” into all other European Economic Area countries in the insurance and other financial services sectors.

Ireland has a vibrant international financial services sector, centred around Dublin's IFSC. The centre is host to at least half of the world's top 50 banks and half of the top 20 insurance companies. This is supported by the full range of international and domestic names in areas such as professional services, shared services and software provision that have developed around the IFSC.

Our multi-disciplinary International Business practice has unrivalled experience assisting corporations in conducting business in and through Ireland; advising on company formations and group structures, tax, restructurings and reorganisations, intellectual property, information technology and commercial contracts, property, employment, pensions and executive benefits. We are leaders in IFSC activities – insurance and re-insurance, asset management and investment funds, and financial services. We are a full service, business law firm, and as such, we have the legal expertise “in-house” to advise our international clients on all facets of their business.

We maintain strong links with the IDA and other Government legal and regulatory agencies, and can short-cut much of the information gathering, liaising with government bodies and project planning. We also have extensive links to other service providers including banks, accountants, property advisers, HR and recruitment specialists who are key to the success of any inward investment project.

Our international clients cover the spectrum of industries from pharmaceuticals, technology, financial services, healthcare, and includes advising:

University of Pittsburgh Medical Center (UPMC) on its acquisition of a majority stake in Beacon Medical Group Limited, and on-going matters in Ireland.

Nuance Communications, a leading multinational computer software technology corporation on the establishment of its international headquarters and a Sales and Financial Shared Services Centre in Ireland.

HCL Technologies Limited, a global technology and IT enterprise headquatered in India, on its establishment in Ireland.

Wipro, an Indian multinational and one of largest product engineering and support service providers worldwide, on the establishment of its outsourcing services business in Ireland.

Glass, Lewis & Co., a leading independent governance service firm, on its establishment in Ireland.

Yahoo! on multi-jurisdictional IT projects, tax arrangements and regulatory matters.

Mubadala Development Company PJSC (investment company owned by the Abu Dhabi government) on the Irish merger control aspects of its acquisition of the aircraft maintenance company, SR Technics.

RSA Insurance on its acquisition of Europa Group, Sertus Insurance and benchmark underwriting facilities and completing the acquisition of a target group of companies.

IKEA International on the procurement of its new 30,000 sq metre store in Ballymun, Dublin.

 

'William Fry was instrumental in guiding us through all aspects of the complex transaction and due diligence.  The expertise includes Irish law, government contracting, tax, property, bank restructurings, real estate/leasing as well as general advice on the Irish business culture...Overall, the service provided by William Fry was excellent.  At all times, they approached matters with professionalism and with UPMC's best interest...Our business objective was successfully completed. It would have been impossible without the counsel of William Fry.  It was well worth the investment spend'.

David Farner, Senior Vice President and Chief of Staff, UPMC