Microsoft’s LinkedIn became the latest technology company to set up a new campus in Dublin on Friday when it signed a 25-year lease to add three adjacent office blocks to its new European headquarters.
The social network for professionals said last June that it would increase its Irish-based workforce from 1,200 to 2,000 over the next year as it moved to a new 14,000 square meter (150,000 sq ft) head office by the end of 2020 Gone.
LinkedIn agreed to add the remaining 40,000 square meters of office space to the development of Wilson Park in central Dublin, the largest owner of offices in IPUT, Dublin, the landlord of the complex.
The Irish Times reported that the move gives the American technology company sufficient capacity to grow its headcount by more than 4,000 workers. Microsoft separately employs 2,000 people in Dublin.
Ireland is the European hub for many leading technology firms. Facebook signed the largest office lease in Dublin in 2018, with plans for a new 57,000-square-meter complex, while Google developed 37,000 square meters earlier that year to add its other offices in the city Can go
New global rules are considered by some of the world’s largest companies as an extension of how and where large internet firms pay taxes that can test multinationals’ commitment to Ireland where they can pay 12.5% Corporates pay the tax rate.
The Irish state’s agency, which competed to win foreign trade, said this week that there was no indication that companies were thinking differently about Ireland as to what the tax reforms might be.
IDA Ireland reported that 6% annual growth in 2019 by multinationals was about three times the growth of Ireland’s fast growing economy. Foreign companies now employ around 250,000 people, or one in more than 10 Irish workers.