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ARTICLE · 27 JANUARY 2010

Ireland Eases Funds’ Return

The Irish hedge fund industry has welcomed a law passed by the Irish government on 18 December which will make re-domiciliation of funds to Ireland simpler and more efficient.

IrelandFinance and Banking
Philip Rubens
Philip Rubens
  • Ireland addresses needs of funds seeking "onshore" advantages
  • Accounting requirements for SEC-registered companies eased
  • New legislation reduces paperwork for redomiciled funds

The Irish hedge fund industry has welcomed a law passed by the Irish government on 18 December which will make re-domiciliation of funds to Ireland simpler and more efficient. Amendments to the original Companies (Miscellaneous Provisions) Act (http://tinyurl.com/yz26l4a) contains measures intended to address what the Irish Funds Industry describes as the "challenges currently experienced when re-domiciling a fund" and allow a fund structured as a corporate entity in another jurisdiction to re-register in Ireland keeping its original corporate identity.

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