Management consultancy Accenture is to move its headquarters from Bermuda to Ireland.
The group has decided to move its base to Dublin following criticism of companies incorporated in Bermuda, which is considered a tax haven.
In a letter to shareholders asking them to approve the change, the company said Ireland has long established tax and trade agreements with the European Union.
The development is expected to result in a small number of new jobs, possibly ten.
Accenture said it does not expect any material change in its financial results or tax treatment, but said Ireland will provide economic benefits. Its board unanimously approved the move.
'A member of the European Union, Ireland offers a sophisticated, well-developed corporate, legal and regulatory environment,' Accenture CEO William Green said in a statement.
