Accenture is the latest company to expand its base into low-tax Ireland, opening a €25m (£16.5m) R&D centre in Dublin and hiring 200 new bodies.
The move by the consultancy and outsourcing biz will apparently focused on cognitive computing, the "internet of things", advanced analytics, security and digital marketing, according to the company's release.
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Irish prime minister Enda Kenny said the announcement was a "welcome endorsement of the government's strategy on ICT".
The country also has one of the lowest corporation tax rates in Europe, at 12.5 per cent. This has made it particularly attractive among US tech companies, with Apple, Google and Amazon all basing their headquarters outside of the US there.
According to the American Chamber of Commerce Ireland, 700 US companies are now based in Ireland and collectively employ 140,000 people.
“Ireland has become a technology hub in Europe and is a rich source of highly skilled talent in science, technology and engineering," said Jo Deblaere, Accenture’s chief operating officer for Europe. "Given this, Dublin is the perfect location for our new Centre for Innovation."
The company already has a base in Ireland and has a number of similar "technology labs" in San Jose and Washington; Sophia Antipolis in France; Beijing, China; and Bangalore, India. ®