UK publishing company (UK Co) with subsidiaries in a number of European countries.

Irish Co was established about as a wholly owned subsidiary of UK Co. Its activities include publishing for the Irish market and providing a centralised management unit for European group activities, including printing activities.

ICO incorporated Irish Co; provides office accommodation in central Dublin area; assisted in the recruitment of publishing staff; provides book-keeping and accountancy staff as well as administrative and receptionist facilities. A senior employee of ICO acts as a director of Irish Co and provides on-going management co-ordination. ICO also provides regulatory and company secretarial assistance.

In summary, Irish Co wanted to hire its own publishing staff but needed the management and administrative assistance which ICO provides from its resources. The result is a high quality, yet cost effective solution for the UK parent.

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