Boylan & Dodd Non-Resident Companies



The Finance Bill 1999 introduced new rules for Irish Non-Resident Companies (IRNRs) summarised below:-


  1. All IRNRs must have an Irish resident director.
  2. The number of IRNRs directorships that any one person can hold is limited to 25.
  3. IRNRs are obliged to provide additional information to the Revenue Commissioners. These companies are required to reveal the beneficial owners.
  4. For new IRNR's, these rules kicked into place when the Finance Bill 1999 was passed. For IRNRs which existed prior to the December 1998 budget the operative date is 1 October 1999.