Last Updated on June 19, 2025 by admin
Why are the top pharmaceutical companies attracted to Ireland?
We are Irelands most trusted packaging manufacturer helping build global brands. Established in 1984 and joining The Asteria Group in 2022 we are based in Dundrum Dublin we are one of Irelands largest self-adhesive label, package, and carton manufacturer, supplying to the pharmaceutical, healthcare, medical devices, cosmetic, veterinary and the food and drinks industry. The objective of The Asteria Group and Label Crafts quality team is to ensure that the highest standard of quality is achieved and maintained throughout every process of production, from artwork approval to product release.
Did you know that nine out of ten of the world’s biggest pharmaceutical companies are based in Ireland? There’s a good reason for that. Ireland has an English-speaking population, a welcoming business environment, and a tax system that’s favourable to pharma companies. Plus, they have a highly educated workforce.
Ireland is a fantastic place to live, especially for those planning to visit. Once you can tolerate the rain, you’ll find a welcoming and secure society with ample amenities and an excellent educational system. Additionally, Ireland has become a hub for the thriving pharmaceutical and medical technology industries.
A Look at the Pharmaceutical Companies in Ireland
Ireland boasts one of the world’s lowest corporate tax rates, a mere 12.5%, making it an enticing destination for active businesses across Europe and beyond. These tax incentives have resulted in Ireland having one of the lowest statutory corporate tax rates globally. Consequently, over a thousand multinational companies have chosen Ireland as their European base.
Education Excellence
Ireland is an excellent destination to pursue a third-level qualification while immersing yourself in a vibrant cultural scene. Renowned for its globalised and open economy, Ireland welcomes over 35,000 international students from more than 160 countries, making it a popular choice for those seeking a diverse and enriching educational experience.
Geographical proximity
Ireland is home to 19 of the top 20 global pharmaceutical and biopharmaceutical companies for a compelling reason. By establishing their manufacturing operations here, this industry enjoys remarkable geographical proximity to the mainland European markets. Moreover, the ease of international shipping across the Atlantic significantly enhances pharmaceutical exports to North America. Notably, five of the world’s eight top-selling drugs are produced in Ireland, positioning it as the world’s largest net exporter of pharmaceuticals and a globally recognised centre of excellence in the pharmaceutical industry.
Pharmaceutical and MedTech focus
Interested in building a career in the life sciences sector? Studying in Ireland puts you right in the heart of the industry. Ireland is the largest MedTech employer in Europe, employing over 25,000 people directly and another 25,000 providing services to the sector. Similar numbers are also employed in the pharma/biotech industry. In addition to corporate tax relief, Ireland has offers up to 25% tax credit on qualifying research and development, making it an attractive incentive for pharmaceutical organisations.
High employment rates
The pharmaceutical industry in Ireland thrives due to its high employment rates and access to a well-educated workforce. Ireland, in general, boasts a highly skilled and educated English-speaking population. As a member of the EU, the country has the privilege of hiring workers from other EU member states. Moreover, over 65% of individuals employed in the pharmaceutical and medical technology sectors hold a third-level qualification, making it an excellent destination for graduates seeking employment. Pharma companies are not only establishing themselves in Dublin but also in Cork, Galway, and across the country.
