According to Forbes, Ireland is the best country in the world to do business and start a new business. The prestigious US economy magazine has chosen the Republic of Ireland as the only country in the world to rank in the top 15% in each of the 11 parameters under consideration.

145 nations have been classified according to 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), bureaucracy, investor protection and stock market performance. Each category has been carefully weighted.

Ireland excels in some factors such as low tax burden, investor protection, and personal freedom. Despite the recession and the austerity policy, Emerald Isle earns five positions over last year, ranking sixth in the world rankings. The Irish stock exchange does not seem to have lost its strength, confirming one of the best in the world, and today many investors choose it next to other investment funds: it is usually flanked by the German Stock Exchange, where are listed companies such as Adidas, and the Borsa Italiana, where are listed companies such as Pirelli (for more info on Pirelli IPO please read,  Pirelli reports growth ahead of IPO on Rubbernews and Pirelli’s IPO could be the largest in EMEA this year on globalcapital) and Eni.

Ireland has continued to attract direct foreign investment, despite its problems. Highly skilled workforce and corporate income tax at 12.5% continue to attract overseas entrepreneurs.

Dublin is the European headquarters for a large number of American technology companies including Google, LinkedIn, Twitter and Facebook. Twitter opened new offices in Dublin a few months ago, employing 100 people. Facebook has established its presence in Dublin in 2009 and will open new offices, creating the world’s largest social media headquarters outside its headquarters in Menlo Park, California.

Second place in the chart is New Zealand, followed by Hong Kong, Denmark, and Sweden.

The United States are ranked 14th (penalized by a high tax burden), while Italy is at 37th place, beaten by all Western European countries, as well as by Latvia (35th), Macedonia (36 °) and Slovenia (17 °).