TRANSNATIONAL COMPANIES
    •   A business with headquarters in one country and branches of 
        the firm in other countries, e.g. Glanbia, Circle K and Smurfit 
        Kappa Group. TNCs are also referred to as multinational 
        companies (MNCs).
    Reasons for Development of Transnational 
            Companies
      Improvements in transport
      Free trade
      Developments in ICT
      Economies of scale
      Larger markets 
    Reasons why TNCs Locate in Ireland
           Reasons why TNCs Locate in Ireland
                        • Ireland’s low corporation tax rate of 
     Corporation tax      12.5% means that businesses get to 
                          keep more of their profits. 
        Ireland’s       • Ireland has a reputation that is a good 
       Reputation         place to do business.
                        • Ireland has a highly skilled and well 
      Skilled labour      educated workforce.
           Reasons why TNCs Locate in Ireland
                         • This state agency is responsible for 
       IDA Ireland        attracting foreign direct investment 
                          (FDI) to Ireland.
                         • The ESM allows free movement of 
      Single Market       goods, services, labour and capital 
                          between member states.
                         • Since Ireland is an English speaking 
    English language      country it helps attract TNCs.