Publications

Briefing - Asset Management and Investment Funds Group (Onshore), December 2009

• On 4 December 2009 proposed new legislation was tabled before the Irish Parliament which provides for investment funds established outside of Ireland to move to Ireland and become subject to Ireland’s investment funds regulatory regime. These proposed amendments illustrate the Irish government’s support of the Irish funds industry by seeking to address the tax difficulties faced in the past by funds that chose to move their base. The provisions, contained in the Companies (Miscellaneous Provisions) Bill 2009, provide a real opportunity for funds established outside of Ireland to move to a regulated jurisdiction using a very straightforward filing process. This note describes the implications of the proposed legislation which is expected to become law in the next few weeks.
  
• 14.12.2009