Northern Ireland provides one of the most cost-efficient business environments in Europe. Salary costs are up to 30 per cent lower than other similar European locations and labour costs overall are lower than the rest of the UK and Europe1.
Property
Property costs in Northern Ireland compare very favourably with other regions in the UK and the Republic of Ireland. Prime office rents are among the lowest in the developed world. New, purpose-built and fitted-out office space costs are easily affordable with Northern Ireland currently maintaining the lowest net-rent in the UK. Office space is going for £12.50 per sq ft in the greater Belfast area2.
Northern Ireland also offers some of the lowest residential housing costs in Europe. A wide choice of affordable residential property is readily available, from city living to rural country spreads, to modern executive homes and older traditional houses.
Search for commercial property in Northern Ireland on the nibusinessinfo.co.uk website.
Taxation
The overall tax burden in Northern Ireland is the lowest of the all the major European economies. The UK remains the lowest taxed large economy in the EU with:
Investors benefit from a myriad of tax incentives to encourage further development, including:
Telecoms
Northern Ireland’s telecoms costs are among the most competitive in the world.
Among the investors taking advantage of Northern Ireland’s state-of-the-art communications infrastructure and competitive telecoms costs are contact centre investors such as Teleperformance and Firstsource.
1 Source: FDI Benchmarking
2 Source: Colliers International National Office Rents (autumn 2010)
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