The Financial Times fDi Magazine has awarded Shannon Free Zone in Ireland the title of ‘Free Zone of the Year 2015’ for Western Europe.
fDi’s Global Free Zones of the Year celebrates those zones that are best in class. Shannon Free Zone is a newcomer to the awards this year. Located close to Shannon Airport, the zone has the highest concentration of foreign direct investment (FDI) outside of Dublin, with companies located in the zone accounting for more than €3 billion in trade annually.
Shannon Free Zone is a globally recognised centre of excellence for aerospace and aviation services. It has successfully tailored its incentives and offerings towards the aviation sector, resulting in a specialism award for this sector. The zone’s International Aviation Services Centre was established in 2014, aiming to support a community of start-up business in the aviation sector, as well as providing other services such as research and development, education and training services. As such the zone has also won a commendation for its start-up support.
As the First Names Group Shannon office is located in Shannon Free Zone we are delighted with this news and look forward to the accreditation attracting further foreign direct investment (FDI) and aviation business to the area in 2016. Our expert team in Shannon have over 20 years’ experience in providing corporate and day-to-day management services to a broad range of clients in the aircraft leasing industry, including aircraft-owning and helicopter-owning entities, aircraft operating lessors, lease-in, lease-out (LILO) aviation transactions, securitisations and other forms of asset finance. Our services include assisting with the set-up of special purpose vehicles (SPV) and helping clients establish their leasing platforms in Ireland.