Since then there has been a noticeable increase in Irish company formation applications as a number of notable firms have moved their place of incorporation from countries identified by the US as tax havens, such ACN as Bermuda, to Ireland. Accenture, Wilis Group Holdings, TBS International, Ingersoll RandThese include renowned consultancy firm Accenture, insurance brokerage giant Willis Group Holdings, international shipping outfit TBS International, manufacturing specialist Ingersoll Rand, electrical products manufacturer Cooper Industries, and medical device supplier Covidien. Warner Chilcott plc, a pharmaceutical company employing 1,115 people worldwide, is currently seeking court orders to facilitate its Irish company formation project and is planning relocation to Ireland for tax reasons. WPP, one of the world's largest advertising and marketing groups, moved to Dublin from London in September 2008, following their loud criticism of changes in the British corporate tax environment by the UK treasury. Accenture and TBS have hailed Ireland's "sophisticated" and "well developed" legal and regulatory environment as key factors in their decision to relocate business here. AccentureAccenture announced earlier this year that its Board of Directors had unanimously approved changing the company's place of incorporation to Ireland from Bermuda. Accenture's shareholders will be asked to vote in favor of the proposed Irish company formation move, at shareholder meetings expected to be held shortly. William D. Green, Accenture's chairman and CEO, said, "After a careful review, our Board of Directors has determined that changing our place of incorporation to Ireland is in the best interests of Accenture and our shareholders. We believe that company incorporation Ireland will provide Accenture with economic benefits and help ensure our continued global competitiveness. "A member of the European Union, Ireland offers a sophisticated, well developed corporate, legal and regulatory environment.

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