Thousands of foreign investors in scramble for PPS numbers

The Department of Social Protection could be swamped with tens of thousands of applications for PPS numbers by non-Irish shareholders in Irish companies as a result of new anti-money laundering laws.

That’s according to the Institute of Chartered Secretaries and Accountants (ICSA), which raised the issue in a letter to the Department of Finance last month, warning that “there are currently 230,000 companies subject to the new rules and we believe that a ...