Dublin is projected to be the 22nd most competitive global city by 2025 according to one ranking. It has a 12.5% corporate tax rate, one of the lowest in Europe, and has a strong track record for foreign direct investment, being voted best place to invest by some organizations. Dublin is home to many of the top global software and US companies and is a magnet for foreign direct capital. It also has a young, educated population and is considered one of the friendliest cities in the world.