Irish Companies are required under statutory legislation to file an Annual Return and Accounts each year with the Companies Registration Office in Ireland. Failure to comply with this regulation can have serious implications, including substantial fines which accumulate on a daily basis, loss of audit exemption for 2 years, and possible involuntary dissolution of the company and legal action against the Directors by the Office of the Director of Corporate Enforcement (ODCE)
It is important to note the the first Annual Return for an Irish Company is due 6 months after incorporation, and every 12 months thereafter. No accounts are required with the first Annual Return. The Annual Return date (ARD) can be changed from the 2nd Annual Return onwards (no more than once every 5 years) A company must file an Annual Return in every calandar year, and the accounts must be made up to a date no more than 9 months before the ARD.
Company Bureau can assist you with this statutory requirement, as well as advise on any other company secretarial and compliance matters. In fact, we can look after all your corporate governance and statutory requirements leaving you to concentrate on managing your business – For more information please click here to contact us or see our Annual Company Compliance Service A list of the legal requirements for an Irish Limited Company are available by clicking here