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Tech Sector showing Buoyant Growth

Posted by Francis O' Toole on October 8, 2012

Over 4,500 jobs were created in the tech sector here in the first nine months of the year.

Another 5,000 positions remain to be filled, 1,500 of which are to be found in the indigenous Irish tech sector, according to Anna Scally, tax partner with KPMG.

KPMG has published a guide to growing a start-up tech company in Ireland in advance of Innovation Week and the Dublin Web summit which takes place next week. “Ireland has a vibrant, educated workforce, we provide a significant gateway to a very big market in Europe, we have a very good corporate tax rate and we have a pro-business environment,” Anna Scally says. From a tax point of view, it is favourable to set up a tech company. “Companies that start up in Ireland may be exempt from corporate tax for the first three years.

Enterprise Ireland also has a dedicated funding initiative for the hi-tech sector and entrepreneurs and business angels continue to be a significant source of funding.

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