Ireland tops Forbes list of ‘Best Countries for Business’

(05 Dec 2013)

homecol2imageToday as reported in Forbes IRELAND HAS BEEN named in first position in the Forbes list of the Best Countries in the World for Business.

The magazine has been ranking the best and worst countries for business annually since 2006 — using metrics like property rights, taxes, technology, corruption, freedom and red tape.

This year’s results place Ireland in top position, ahead of New Zealand, Hong Kong, Denmark and Sweden.

Ireland moved up from number six last year, as a result of improved scores on monetary freedom and the high return from the Irish Stock Exchange Overall Index.

Commenting on the survey, IDA Ireland's chief executive Barry O'Leary said that the ranking will reach senior business people across the world - making them aware of all the advantages available to those that locate businesses in Ireland.

"Country rankings like this are used by companies across the world when they make initial decisions to investigate the possibility of locating their businesses internationally. "IDA Ireland intends to use the survey results as marketing material in key markets like the US and Europe," Mr O'Leary added. 

This list from Forbes magazine will provide a boost for Ireland as it prepares to exit the bailout programme at the end of the year.

According to Kurt Badenhausen:

"Ireland scores well across the board when measuring its business friendliness. It is the only nation that ranks among the top 15 per cent of countries in every one of the 11 metrics we examined to gauge the best countries.
Ireland ranks near the very top for low tax burden, investor protection and personal freedom."
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