Important changes regarding the small audit exemption in Ireland Section 22 of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 was officially commenced on 16 July 2025, bringing welcome relief to small, micro, and dormant companies that miss their annual return deadlines. What’s Changed? Under the previous legislation, any company that filed its financial statements late would [...]
After the recent publication of the Corporate Enforcement Authority (CEA) Annual Report for 2024, there has been a lot to digest and take from it. (For more insights, the full report is available for download from their website HERE) Interestingly, we saw 22 individual case studies which provided us with examples of the consequences of a variety [...]
The Companies Registration Office (CRO) recently held its latest Stakeholders’ Meeting, sharing a number of useful updates for anyone involved in running or supporting companies in Ireland, Here is a summary of some of the points discussed: Company Formations on the Rise There has been a notable increase in new company registrations in Ireland. Formation numbers [...]
Whether you are a business owner or advisor, ensuring company secretarial compliance is a crucial part of operating a company and involves navigating a broad spectrum of areas and tasks. This responsibility includes filing annual returns, maintaining statutory registers and ensuring adherence to corporate governance standards, among other duties. Given the complexity and importance of these [...]
What to do with Dormant Companies? With the Companies Registration Office (CRO) set to re-commence their involuntary strike off regime, it's crucial for companies to stay vigilant. Even a single late annual return could put a company at risk of strike-off. Prompt action is essential to prevent possible enforcement by the CRO. Dormant companies are still [...]
Members Voluntary Liquidation v Voluntary Strike Off When an Irish registered company reaches the end of its natural existence, loses its original purpose within a group structure, or perhaps never commenced any activity, the Directors should take steps to formally dissolve and remove it from the register. This can be achieved by either placing the company [...]
Section 137 of the Companies Act 2014 sets a requirement for every company registered in the Republic of Ireland to have at least one director who is resident in the European Economic Area (EEA). The EEA comprises the 27 EU countries plus Iceland, Liechtenstein, and Norway. The requirement for an EEA-resident director is not just a [...]
Recording Satisfaction of Mortgage/Charge Payments at the CRO When an Irish registered company has either fully or partly paid off a mortgage or charge, it is vital to record this at the Companies Registration Office (CRO). This ensures that external third parties, such as potential investors, creditors, other lenders, and credit rating agencies, are made aware [...]
Registrar of Beneficial Ownership (RBO) Enforces New Powers Under Companies Act 2014 The Registrar of Beneficial Ownership of Companies and Industrial & Provident Societies (RBO) has swiftly utilised her new authority under Section 726(i) of the Companies Act 2014. This section permits the involuntary strike-off of companies that fail to file beneficial ownership details. Warning [...]
New PPSN Requirement The Companies Registration Office (CRO) have announced that the new requirement for directors to supply their PPSN’s (Personal Public Service Numbers) when making certain filings will commence on April 23rd, 2023. These filings include: Incorporating a new company (Form A1) Notifying a change of director (Form B10, B69) Filing the yearly Annual Return [...]