Company Formation Ireland

US bank Citi yesterday became the first global lender to come under ECB supervision since Britain’s vote to leave the EU — an option several UK-based companies are exploring to keep their access to the single market. Citi’s Irish unit, Citibank Holdings Ireland, was added to a list of large banks directly supervised by the ECB yesterday, after it expanded its balance sheet through last year’s merger with [...]

Last week saw the introduction of a new law on corporate transparency which has significant implications for Irish-based companies. Irish companies are now required to maintain a register with details of their beneficial owners. Previously, companies were only required to maintain a register of their direct shareholders. In a lot of cases existing shareholder registers show shares of a Company 'A' being [...]

The IDA has provided more than €1.1m in employment grants in little over a year to the expanding Irish arm of game giant, Electronic Arts (EA).   EA, the firm behind the mega-selling Fifa 17 game, has a base in Galway with some of the most enviable jobs in the multinational sector, where the firm's quality assurance team tests the latest games before they go on general release. New accounts for Electronic [...]

Irish ecommerce software firm XSellco.com is hiring 40 new staff by the end of next year as the company looks to deal with increasing demand for its products. The new roles, which are spread across the areas of software development, sales, and marketing, will double the size of the company's staff, bringing it up to over 80. XSellco has grown rapidly since being set up by tech entrepreneur Ray Nolan in [...]

Ireland is the second most attractive location in the European Union for data-driven investments, a new survey shows. The survey of more than 200 global senior executives reveals that only Britain ranks ahead of the Republic in terms of attractiveness as an EU data-control hub. According to the study, which was conducted on behalf of law firm William Fry by the US media company Forbes, 96 per cent of thos [...]