News
A quick look at business news that you may have missed:
1. Irish Budget
Announced in Ireland’s Budget on 6 October 2026, the standard Capital Gains Tax rate was reduced from 33% to 31% for disposals made on or after 7 October 2026, supporting long-term corporate structuring and investor exits. The R&D tax credit rate stands at 35%, while the first-year refundable payment threshold has increased to €105,000.
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2. Office Space Ripe for Purchase
If you’re an Irish company planning to open an office in Hong Kong, or already here and renting, now could be the time to consider buying. With Grade A office prices around 49% below their 2018 peak and borrowing costs easing, banks, businesses and universities are choosing ownership over renting. Prime locations such as Central and Admiralty are attracting interest, creating opportunities for well-capitalised buyers, although interest-rate risks and distressed sales remain factors to watch.
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3. Accelerating AI Adoption
Ireland has launched
Intelligence, a 35-initiative programme to accelerate AI adoption across the economy and public sector by 2030. At its heart is a €150 million AI Future Skills programme supporting workforce training and lifelong learning, alongside expanded free online courses, a new national skills academy and AI literacy resources for schools. Sector-specific strategies will also help businesses put AI into practice.
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4. Reminder: Passports Required for Ireland-UK Ferries
If you are intending to travel to Ireland and then take a ferry to the UK by Irish Ferries and Stena Line, you now need to show your passport. Driving licences and other photo ID are no longer accepted; Stena Line will accept passports or passport cards. These are boarding requirements, despite Irish and British citizens’ right to travel without a passport under the Common Travel Area.
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Extra. Ireland’s Semiconductor Success Story
Science Business’s article, ‘
How multinational companies shaped Ireland’s chips success story’, is well worth a read—particularly the nifty graphic two pages in. Half of the world’s largest semiconductor companies now have a presence in Ireland, including Analog Devices, which recently celebrated 50 years in the country
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