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ARTICLE · 27 MAY 2021

Setting Up A MiFID Firm In Ireland

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

Dillon Eustace is one of Ireland’s leading law firms focusing on asset management and investment...

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In this guide on setting up a MiFID Firm in Ireland., we look at the key reason and issues around selecting Ireland as a domicile of choice for many investment firms seeking to provide services...

IrelandTax
Keith Waine
Keith Waine
Donnacha O'Connor
Donnacha O'Connor
Karen Jennings
Karen Jennings
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1. IRELAND AS A DESTINATION FOR INVESTMENT FIRMS

Ireland is a domicile of choice for many investment firms seeking to provide services in Europe. As a member of the European Union (EU), Ireland offers direct access to the EU single market for financial services. Once authorised in Ireland, investment firms can 'passport' their services to any EEA member state (i.e. the Member States of the EU together with Iceland, Norway, and Liechtenstein) without having to obtain further authorisation in those other member states.

In the wake of Brexit, Ireland has successfully positioned itself as a gateway to Europe, and is now the only common law country in the EU in addition to being the EU's only predominantly English-speaking member. Major financial institutions such as JP Morgan and Barclays expanded their presence in Ireland post-Brexit in order to preserve their European businesses. Dublin remains one of the most popular destinations for staff relocations and new

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