Just over half (51%) of senior managers polled at a seminar said they were working on or planning to establish entities in Europe, compared to 35% when the survey was conducted in 2016.
Of that 51%, 41% had Luxembourg in their sights while close behind was Ireland, with 37%. There was clear blue water between the two leaders and Germany (12%) and France (6%).
Among the motivations, 42% of respondents cited the regulatory environment while 9% gave talent and local infrastructure as location priorities.
Regarding staffing numbers, 28% said they had no plans to relocate staff, a further 28% said they would move fewer than five employees, 26% said they would move between 6-15 staff and 13% said they would move over 30 people to the entities abroad.