Competitive operating costs
Northern Ireland provides one of the most cost-efficient business environments in Europe.
Salary costs are lower than in the rest of the UK, and around 30 per cent lower than other European locations such as London, Dublin and Paris. Operating costs overall are lower than the rest of the UK and Europe*.
"Every time we open our doors to work every day in Northern Ireland we save half a million dollars, and that is something that we don't take lightly."Suren Gupta, Executive Vice President - Technology and Operations, Allstate
Prime office rents are among the lowest in Western Europe and compare very favourably with other regions in the UK and the Republic of Ireland.
Grade A office space in Belfast is available from £23/ sq. ft.
The overall tax burden in Northern Ireland is the lowest of all the major European economies.
The UK remains the lowest taxed large economy in the EU with:
- Low personal taxation
- Low social welfare contributions
- Generous tax allowances
- No local taxes on profits or surplus
Investors benefit from a myriad of tax incentives to encourage further development, including:
- Corporation tax (19 per cent) is among the lowest in Europe
- Businesses with fewer than 250 employees can claim a tax deduction of 150 per cent on R&D expenditure
*Source: FDI Benchmarking