Ireland

Opportunity Abounds After The Celtic Tiger's Exit

If you are interested in super low cost of living, Ireland probably won't appeal. (Look instead to Central America or Asia.)

However, if you are seeking a superior quality of life, the Emerald Isle has many options. And for those looking to escape to a more natural setting, surrounded by lush countryside and perched above the sea, it doesn't get better than the Copper Coast--the featured destination of this month's letter.

In addition to its natural beauty, Ireland has a rich history and heritage; charming, traditional villages; a strong sense of community spirit; and plenty of activities to keep you busy.

And property prices--though still relatively high--have dropped (by up to 50%) and continue to fall. In other words, any asking price is open to negotiation.

Photo Gallery


Population  4,670,976 (July 2011 est.)
Gross Domestic  Product (GDP) $172.3 billion (2010 est.)
GDP Per Capita $37,300 (2010 est.)
Inflation Rate -0.9% (2010 est.)
Currency Euro
Exchange Rate Versus U.S. Dollar  0.755 (2010)  euros (EUR) per US dollar -
Language English (official, the language generally used), Irish (Gaelic or Gaeilge) (official, spoken mainly in areas along the western coast)
Capital DUBLIN
Population of Capital City 1.084 million (2009)
Time Zone 1.084 million (2009)
Seasons summer, winter
International Dialing Code 353
Electricity 230, 50 Hz
System of Government republic, parliamentary democracy
Name and Party Affiliation of Current Leader chief of state: President Mary MCALEESE (since 11 November 1997)
Income Tax Rate for Residents Irish residents are taxed on worldwide income. As are individuals who are non resident, but who are ordinarily resident (as defined by several different examples of being in the country over a certain amount of time in the tax year). Tax rates are progressive up to 41%
Property Tax None on residential property
Capital Gains Tax 25%
Inheritance Tax 25%
Rental Income Tax 20%
Transfer Tax 1% to 6%
Sales Tax 21%
Restrictions on Foreign Ownership of Property no
Local Chamber of Commerce http://www.dubchamber.ie/
American Chamber of Commerce http://www.amcham.ie/
Primary Exports Machinery, computers, pharmaceuticals, food products.
Residency and Visa Requirements People from certain countries need a valid Irish entry visa before arriving in the State, whether by air, sea or land. An Irish visa is a certificate placed on your passport or travel document to indicate that you are authorised to land in the State subject to any other conditions of landing being fulfilled. This means that you will still be subject to immigration control at the point of entry to the State even if you have a visa. You may also need to register with the immigration authorities.
Special Benefits for  Foreign Residents or Retirees No
National Airline www.aerlingus.com/

Map

Share