Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Economic Impact of Brexit: Discussion

5:00 pm

Mr. Kevin Sherry:

I will take one of the questions and ask my colleague Mr. Murray to take another. On our international footprint, we have 33 offices around the world. Our focus with those offices is on helping companies to target and win business internationally and to gain access to key target customers. The vast majority of the people located in those offices are on contract with us. Two thirds of the members of our overseas team operate on contract. They are taken in from industry and have specific domain expertise in sectors that are relevant and which represent opportunities in those particular markets. That is very important for us to maintain a network that has strong industry contacts. In terms of budget, the cost of our overseas office network is approximately €22 million a year. We have approximately 170 staff in those offices and wherever possible we are co-located with our sister agency or the Department of Foreign Affairs and Trade. In terms of the tax rate, I will ask Mr. Murray-----

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