While China has been often cited as a cause for concern internationally, the rules do not single out any particular country.
Ireland's industrial policy relies heavily on outside investment with several tech and pharmaceutical giants having headquarters in the country, attracted by the country's 12.5% corporate tax rate and other factors. Chinese companies have invested heavily in Ireland in recent years and while China has been often cited as a cause for concern internationally, the rules do not single out any particular country.
Stephen McIntyre is a partner at venture capital firm Frontline Ventures and was previously the head of EMEA at Twitter when it was setting up its Dublin headquarters. Frontline invests in U.S. start-ups and advises them on European expansion. Companies that had stalled European expansion during the pandemic will have another criteria to consider when they pick up the plans again, he said.The Department of Business, Enterprise and Innovation published a consultation earlier this year, seeking feedback on how the laws should take shape.
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