Brexit Update February 2020

Now that the UK has left the European Union, the transitionary period and provisions have now commenced which will be in place until 31 December 2020.

During this transitionary period, the UK’s trading relationship with the European Union will continue. This means there is no change to the existing company law requirements for UK resident directors of Irish companies.

If no agreement is reached in the transition period or no extension is granted, then Irish registered companies with only UK resident directors will be required to appoint an EEA resident director, obtain a Sec 137 bond or apply for Real and Continuous Link with the State.

The Companies Registration Office have updated their guidance on this on the website click here.

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