Ireland may be caught in a multi-billion-euro back tax demand from the European Commission, but investors are still knocking on its doors thanks to uncertainty from Brexit, an official said Wednesday.
"We have seen increased activity through all of our offices not just in Dublin or in London but right across the globe, particularly from the financial services sector," said Martin Shanahan, CEO of IDA Ireland, the country's foreign direct investment promotion agency.
"A lot of those companies require access to the European market …They need assurances, their shareholders need assurances, their clients need assurances that they will be able to access the European market. At the moment, that's not certain for the UK," he told CNBC's "Squawk Box."
Companies were unlikely to await the outcome of long-drawn negotiations between the UK and the EU to make their decisions, he said.