Ireland’s Department of Health and Department of Finance are competing against other EU countries to host European Banking Authority (EBA) and the European Medicines Agency (EMA).
Both the EBA and the EMA are currently based in London’s Canary Wharf.
The agencies employ just over 1,000 staff between them.
The Irish Department of Health confirmed: ”Ireland’s offer to host the European Medicines Agency (EMA) has today been submitted to the Secretary-General of the Council of the European Union.”
The department also said Dublin meets all of the criteria necessary to successfully host the EMA and presents an attractive option for the staff of the agency to relocate to.
Ireland’s Minister of State for Financial Services and Insurance, Michael D’Arcy, said a relocation to Dublin would be the least disruptive move for the EBA and its staff.
Mr D’Arcy said: “Our transport links to Europe, our culture, language and skilled multilingual education workforce make Dublin an attractive destination ahead of other potential locations.
“Given the economic and strategic benefits for Ireland, we are making a strong proposal which includes incentives to support the relocation of the EBA and the establishment of a Relocation Group to aid the relocation of the Authority.”
Around 20 cities, including Dublin, Frankfurt, Luxembourg, Paris, and Prague, are reported to be keen to host the agencies.
They are all keen to attract the agencies’ highly skilled employees, their families and the business that comes with them.
This includes about 40,000 hotel stays for visitors each year.
The European Commission will assess the entries based on the quality of office space, job opportunities for spouses, good “European-oriented” schooling and transport links.
Accessibility and efficient infrastructure are the top two agreed criteria.
A final decision on the relocation is set to be made in November.