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Business Investment Overseas: The Competitive Advantages of Northern Ireland

by Business Traveler

February 21, 2024

Derry-Londonderry / Photo: Courtesy of Invest Northern Ireland

Many U.S. companies seeking global expansion are looking to Northern Ireland, and for good reason. Boasting key advantages such as a skilled workforce, access to innovative research, lower operational costs, tax benefits, and government support, it’s hard to argue with Northern Ireland as a compelling business environment. With more than 230 U.S.-owned businesses among the 1,200 international companies currently operation in Northern Ireland, the region has become a prime destination for American companies.

Photo: Courtesy of Invest Northern Ireland

Invest Northern Ireland, the region’s economic development agency, provides comprehensive support for new investors, covering everything from initial fact-finding to tailored financial assistance packages. The region excels in fintech. Northern Ireland is the world’s No. 2 region for fintech inward investment, with multinational corporations like Allstate and Citi well established in the region.

Northern Ireland’s education system, featuring globally recognized universities like Queen’s University Belfast and Ulster University, contributes to a pool of educated and motivated talent. The region consistently outperforms the UK in standardized exams and its higher education institutions serve as research hubs for businesses while cultivating future leaders.

Photo: Courtesy of Invest Northern Ireland

The cost-efficient business environment in Northern Ireland is highlighted by affordable commercial space, 35 percent lower staff wages, and a corporation tax rate of 25 percent, the lowest among G7 countries. Post-Brexit, Northern Ireland stands out as the only place where manufacturers and product-based businesses can freely trade with both GB and EU markets, free from customs and trade barriers. This advantageous position makes Northern Ireland a valuable location and center of excellence for U.S. businesses aiming to scale up their operations in the UK and Europe.

The combination of support, resources, and cost efficiencies sets Northern Ireland apart as a strategic choice for companies seeking a competitive edge in the global market.

To find out more about how Northern Ireland can support your business ambitions visit