Meanings of non-resident companies in English

New measures to combat the problem of Irish registered non-resident companies.

The Corporate segment encompasses public administration, as well as non financial and non-resident companies.

There are some differences in the taxation of non-resident companies as opposed to resident companies.

The Cabinet has approved new legislation to curb abuses of Irish-registered non-resident companies (IRNRs).

The Bill will also introduce measures to tackle the hundreds of Irish-registered non-resident companies in the financial services sector.

The Government is going to crack down on money-laundering and tax evasion through Irish-registered non-resident companies and non-resident accounts.

Financial offshore centres are small, low-tax jurisdictions specialising in providing corporate and commercial services to non-resident companies offshore for investment.

Some 40,000 non-resident companies are believed to have been formed here, many of them for legitimate purposes.

The registration of non-resident companies in Ireland is a source of huge earnings for Irish accountancy firms, company formation groups, solicitors and banks.

The companies can earn significant fees from undertaking compliance assignments and auditing the accounts of these non-resident companies or providing banking services to them.

Comprehensive measures to deal with problematic Irish registered non-resident companies were introduced by the Minister for Finance, Mr McCreevy, as part of the Finance Bill.

Company and tax law has been tightened in the Finance Bill in an effort to curb the abuse of Irish-registered non-resident companies (IRNRs).