By Caitlyn Buchanan, 17th September 2021 A Certificate of Incumbency or a Certificate of Good Standing may be obtained for any limited company type registered in Ireland. While these certificates are similar in that they are used to certify key company information they may be required for specific applications or contracts. A Certificate of Incumbency […]
By Sarah Dixon, 9th August 2021 The European Commission has announced plans to establish a new Anti-Money Laundering Authority (AMLA) to tackle money laundering and terrorist financing across Europe. This announcement comes in response to several major banks across Europe being hit with money laundering scandals. An estimated €1.87 trillion worth of dirty money passes […]
By Caitlyn Buchanan, 21st July 2021 The Companies Registration Office (CRO) annual report was recently published. The CRO Annual Report 2020 contains the latest updates and statistics on their activities for the year. Restrictions and Challenges in 2020 With the outbreak of a worldwide pandemic, 2020 was a challenging year for many Irish entities including […]
By Shona Hastings, 12th July 2021 What is a DAC Company in Ireland? An Irish Designated Activity Company (DAC) is a type of limited company that outlines and defines its specific business activities within its constitution. A DAC company may be incorporated for a specific purpose such as a charity or a management company where […]
By Caitlyn Buchanan, 23rd June 2021 (Updated 24th September 2021) The Companies (Rescue Process for Small and Micro Companies) Act 2021 (SCARP) was passed on 13th July 2021. The commencement order has yet to be signed but is due to happen shortly. The CRO is preparing for this change already with the introduction of a […]
By Caitlyn Buchanan, 9th June 2021 Our contact within the Bank of Ireland says that approximately 52% of new corporate bank account applications are being refused because they have not filed with the Central Register of Beneficial Ownership (RBO). The Criminal Justice (Money Laundering and Terrorist Financing) Act 2021 came into force in April 2021 […]
By Company Bureau, 1st June 2021 Despite more than a year of uncertainty and continuing challenges brought on by Brexit, System updates and worldwide pandemic, Ireland has seen a 24% increase in new company registrations in 2021. In the first four months of 2020, the pandemic took hold and major lockdown restrictions were enforced in […]
By Caitlyn Buchanan, 13th May 2021 The new Criminal Justice (Money Laundering and Terrorist Financing) Amendment Act 2021 commenced into Irish law in April 2021. The Act makes amendments to the AML Criminal Justice Act 2010 and transposes the majority of the Fifth EU Anti-Money Laundering Directive (5AMLD) into law. This new anti money laundering legislation […]
By Caitlyn Buchanan, 13th March 2021 From 2021, all charities must prepare an annual submission to comply with the Charities Regulatory Authority (CRA) Governance Code. The CRA Governance Code is relevant to every charity operating in Ireland including voluntary public hospitals and healthcare providers with charitable status. The ongoing pandemic has put increased pressure on […]
By Agne Grigutyte, 10th February 2021 At the start of the 2000s, most Irish registered companies were required to file audited accounts as part of their Annual Return filed with the Companies Registration Office. Thankfully, things have evolved from then and since the Companies Act 2014 was commenced into law, the vast majority of companies […]
