Ireland’s investment funds sector is a key component of its growing financial services industry. It is the second largest fund domicile for UCITS and AIFs in Europe and an important hub for Exchange Traded Funds (ETFs) and Money Market Funds (MMFs). The Irish funds eco-system provides an international platform to support the global distribution of investment fund products.

The Ireland Investment Centre is a vital contributor to the economy. It employs over 10,000 people across a wide range of activities. It is particularly strong in asset management, with the country providing a base for leading global investment managers who manage funds on behalf of investors all over the world.

Ireland Investment Centre: Your Hub for Financial Growth

In the context of the changing investor landscape and increasing demands on funds, the sector is continuing to evolve in response. New types of investment fund and asset classes are emerging and will continue to shape the evolution of the industry in the years ahead.

Changing investment needs are also impacting on the way that funds are structured. A key area of development is the establishment of a new corporate fund vehicle called the Irish Investment Company Act 2024, which provides for a tailor-made corporate structure for UCITS and AIFs. This vehicle is not impacted by amendments to the companies legislation that apply to trading companies and it can be used for both Irish based and non-Irish regulated investment companies.

Ireland offers a competitive environment for foreign direct investment (FDI). Its currency is the euro and it has full current account and capital account liberalisation. It recognises and enforces secured interests in both chattel and real property. In addition, it provides a range of tax incentives, including the 12.5% corporation tax rate and tax credits for R&D expenditure.