Brexit relocation support for UK financial services firms establishing in Ireland
Following the Brexit referendum in June 2016, credit institutions, insurance firms, asset managers and other UK financial services firms are considering whether to establish European headquarters in Ireland or another EU location. According to the UK’s Financial Conduct Authority, more than five thousand UK-regulated financial firms use passporting rights to operate in other EEA countries, and the IDA (Ireland’s inward investment agency) and the Irish Central Bank have reported a surge in enquiries about relocating business to Ireland to ensure continued unfettered access to European markets.
QSV Group provides strategic support to UK financial services firms planning to establish a presence in Ireland following the Brexit decision. These services include strategic advice and project management support, as well as financial reporting and compliance services. Examples include:
QSV Group provides strategic support to UK financial services firms planning to establish a presence in Ireland following the Brexit decision. These services include strategic advice and project management support, as well as financial reporting and compliance services. Examples include:
- Coordinating/liaising with Irish legal, tax advisors, auditors, recruitment consultants, property advisors and other service providers
- Assisting with obtaining regulatory approvals
- Assisting with securing grants and other inward investment support from the IDA
- Providing directorship and company secretarial services
- Providing payroll and financial reporting services