The Irish Government published the Finance (No.2) Bill 2013 (the
"Bill") on October 24, 2013. The Bill contains a number
of measures which will be of interest to international
companies.
Corporate Residence Rules
The Bill proposes measures to curb the existence of so-called
"stateless" companies. The proposed legislation is along
expected lines and has a narrow application to deal with mismatches
which can arise as a result of the different tests for residence
which exist in Ireland and in, for example, the United States. The
proposed change to the residence rules would, if enacted, treat an
Irish incorporated entity as being resident in Ireland in the
following circumstances:
