Moving to Ireland: A short guide for British citizens
With Brexit changing the plans of many would-be expats, more people may be considering Ireland as a relocation destination. From providing above-average standards of education and health to offering plenty of opportunities to experience the great outdoors, Ireland has something for everyone. Read on to get a taste of what you can expect if you make the move to the Emerald Isle.
Can I move to Ireland as a British citizen?
Moving to Ireland as a UK national may be easier than you think; you won’t need a visa or residency permit to live, work, or study in Ireland because it falls within the Common Travel Area (CTA). This means that British and Irish citizens can live and work freely in each other’s countries and travel freely between them. You can read the most up-to-date guidance from the UK government, including about the Common Travel Area, here.
What currency does Ireland use?
The Euro is used in the Republic of Ireland and is the common currency shared by many EU countries. The Punt, or Irish Pound, was officially replaced by the Euro on the 1st of January 1999. However, the Punt continued to circulate until it was phased out at the end of 2001. Ireland was one of the first 11 member countries of the European Union to adopt the Euro. Sterling is not accepted in the Republic of Ireland. In Northern Ireland, where the Pound is used, some businesses do accept the Euro, but this is usually at a rate of exchange set by the business themselves.
What is important in Irish culture?
Ireland is extremely rich with culture, and this can be seen everywhere from its lively art scene to the important heritage of traditional music and sport. The Emerald Isle is also renowned for producing some of the world’s most talented writers. The literary landscape is vast and varied; you can get a taste for rural life in the poetry of Patrick Kavanagh or enjoy the offerings of contemporary Irish authors like Marian Keyes and Doireann Ní Ghríofa.
Life in Ireland is set against a stunning backdrop that can be enjoyed on land or sea; there’s a wealth of coastal adventures on offer, from community sunrise sea swims along the east coast to surfing wild Atlantic waves in the west. If you make the move to Ireland, you’re likely to quickly learn that social life and local communities are highly valued by Irish people. Ireland often ranks highly when it comes to welcoming expats, so you can rest assured that you’ll be in a friendly part of the world.
Ireland has also made ripples in recent history: alongside a number of other landmark referendums, the country became the first to legalise same-sex marriage by a popular vote in 2015. You can learn more about how Ireland is governed, its relationship with other countries, and more, here.
What is the cost of living like in Ireland?
capital cities of most other countries, Dublin tops the list as the most expensive area to live in, but across the board, Irish house prices rose 14.4% on the year in December 2021. At the time of writing, transport costs have also seen a significant rise driven by surging fuel costs, something to consider if you’ll be living rurally and relying heavily on cars or public transport. Although a move to Ireland may not necessarily offer savings in the costs of living, you could be happier. In the latest World Happiness Report, the Irish people were ranked the 13th happiest in the world—that’s five places above the UK.
One way to cross the Irish Sea with more money in your pocket is to use a currency broker like Global Reach to transfer your Sterling to Euros. Our experienced team can help you make the most of your money by arranging transfers that are tailored to you. You can even lock in an exchange rate for up to two years with a Forward Contract if you’ll be buying a property in Ireland.*
To discuss how you can make the most of your money for your move to Ireland, speak to one of our experienced currency specialists on 020 7989 0000, or email [email protected]oup.com.
Find out more about our services, here.
*Locking in a rate with a Forward Contract requires an initial margin payment. Speak to our team to find out more.