Ireland As A Location For Financial Services

a) Ireland as a location for Funds

Ireland offers an attractive regime in which to establish regulated investment funds and is a preferred location for fund administration, custody and management.

Regulated funds benefit from the following attractive tax provisions;

• They are exempt from tax on their income and gains irrespective of an investor's residency. This allows investors' returns to roll up on a gross basis;
• Under domestic legislation, no withholding tax is applied on income distributions or the redemption of units by a fund to a non-Irish resident investor, provided a relevant declaration is in place to demonstrate that the investor is not an Irish resident. It is not necessary for an investor to be resident in a country with which Ireland has a double tax treaty to avoid withholding;