For over twenty-five years, successive Irish Governments have actively sought and encouraged foreign investment in Ireland. With the exception of the insurance industry, Irish statutes grant foreigners the same rights as citizens of Ireland to establish whatever type of business they desire. A minimum native Irish interest in any business is required only for the issue or transfer of shares to, or the establishment of, a business branch operation by nonresidents. Although these transactions require Exchange Control approval, that approval is usually a formality for investments expected to bring an economic benefit to Ireland.
Conor Crowley and Paul McGowan,
Irish Tax Law and the Foreign Investor,
17 Vanderbilt Law Review
Available at: https://scholarship.law.vanderbilt.edu/vjtl/vol17/iss3/2