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The Irish Minister for Enterprise, Trade and Innovation, with effect from 7 September 2010, approved Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man and Jersey as jurisdictions from which corporate funds can now redomicile to Ireland
Ireland's popular regime for Qualifying Investor Funds ("QIFs"), which enables a QIF to be authorised by the Irish funds regulator, the Central Bank of Ireland (the "Central Bank"), in just 24 hours, has been further enhanced
The drift of funds from offshore jurisdictions to Ireland is continuing, with further asset managers announcing they are to take advantage of Ireland’s streamlined redomiciliation regime to move existing funds from Guernsey to Dublin
Recent statistics from the international funds industry show a significant increase in the use of Irish fund structures by both US and London based investment managers
