Ireland's Corporate Attractions Lure Another US Company

Robert Lee, Tax-news.com, London

08 March 2001

Ireland has yet again proved its pulling power for hi-tech and e-commerce companies with the news that Inflow, a US-based Internet data centre group, is to invest US$10m in a facility in Dublin, marking the company's first operation outside the US.

Inflow provides an outsourced solution for hosting, connecting and servicing e-commerce applications. According to country sales manager for Ireland, Martin Keogh, Inflow selected Dublin for its first foray outside the US because of its substantial investment in technology, its national and international connectivity, its low corporate tax rate and its skilled workforce.

Another factor, said Mr Keogh, is that Ireland is part of the EU and will therefore ultimately use the euro: 'A company will not go to the UK if it is international. In Ireland, a customer base can be established through US dollars, punts or euros,' he said. He also expects Ireland to be a profitable market for the company's operations, because of the need of many companies to outsource their data activities due to sheer volume.

Joe O'Keeffe, managing director of Inflow Ireland, stated: 'We are dedicated to developing Ireland as the focal point of Inflow's expansion into Europe.' Inflow's Dublin facility will be formally opened on March 29.

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