The first of its kind in Ireland, the company expect strong interest from investors, particularly in light of the recent announcement from the Revenue Commissioners that they will be targeting the 200,000-plus Irish people who own overseas property. In fact it is estimated that up to 75,000 Irish property owners in Spain alone are not paying any tax on their investment home.

Investment in homes abroad constitutes a massive industry, with an estimated 6bn spent by Irish people this year on overseas investment property.

And a further three percent of maturing SSIA's, or 495m, is forecast to be invested in foreign property.

The firm has been set up by former tax executives Willie Kearney and Barry O'Donnell.

The service, which can be accessed online, costs 250 and will include advice on any Irish tax liabilities due on owners investments.

Initially the firm is focusing on Spain, France, the UK and Portugal but from early next year they will extend their operations to include Bulgaria, Turkey, Romania, USA, Poland, Germany and Hungary. Kearney and O'Donnell claim their service will suit many overseas investors who want to be tax-compliant but find it difficult to file a tax return in a foreign language.

"The Irish Revenue have highlighted the fact they will be investigating Irish property ownership abroad and they can request information from their tax counterparts in Europe such as Spain, France and the UK. We provide ease of mind with a quick, efficient and inexpensive service, with an online option, which will make sure you are tax compliant, " explains O'Donnell.

Further information from Brian Purcell at Insight Consultants; 087-967 8921