The introduction of the new CORE portal will have a significant impact on CRO presenters and how we file documentation with the CRO. Some of the benefits and also the challenges have been set out below. 1. New CORE Portal The new CORE portal was launched on 16 December 2020. It has a similar look
As we get closer to the expiry of the Withdrawal Agreement between the UK and the EU Irish companies that have only UK resident directors must consider the impact of the UK leaving the EEA. If thereafter there is no agreement in place, companies which have only UK resident directors will be required to comply
Every company is required to have at least one director who is resident in a member state of the European Economic Area (“EEA”). Pursuant to section 141 Companies Act 2014, a person is resident in the State at a particular time (the relevant time) if – he or she is present in the State at
If an existing company does not have a EEA Resident Director or a Non-Resident Bond then it may make an application to the Revenue Commissioners for a Section 140 Real and Continuous Link Certificate.This will become an important option for companies post Brexit. This certificate states the company “has a real and continuous link with
At least one of the directors of a company is required to be resident in a member State of the European Economic Area (EEA). However having an EEA-resident alternate director does not satisfy this requirement. This will become an important requirement post Brexit.
Since the historic vote for Britain to leave the EU there has been a lot of discussion and debate on the impact of the Brexit on Ireland. A small part of this is the impact from a Company Law perspective. A lot of the exemptions in the Companies Act apply to companies that are resident