Guide for Directors of Owners’ Management Companies (OMCs) in Ireland

Irish OMC multi unit development

By Caitlyn Buchanan, 14th October 2021 Chartered Accountants Ireland and the Housing Agency have recently published a guide for directors of Owners’ Management Companies (OMCs). In Ireland, OMCs are the bodies used to manage shared spaces and multi-unit development services such as apartments or housing estates including the maintenance of green spaces and facilities. Ireland […]

Many Irish Companies with UK Directors still need to secure a Post Brexit Director Bond

Comapnu Director Revenue bond

By Annette McCarthy, 5th October 2021 Many Irish companies with UK directors have still not taken action when it comes to Brexit and the need to secure a Revenue Bond. Since 1st January 2021, Irish companies with only UK-based directors are required to either appoint an EEA resident director or put in place a Section […]

What is the difference between a Certificate of Incumbency and a Certificate of Good Standing?

Certificate of Incumbency and Letter of Status

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 […]

The European Commission announces the creation of a new Anti-Money Laundering Authority (AMLA)

Anti-Money Laundering Authority

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 […]

Key findings from the CRO Annual Report 2020

CRO Annual Report 2020 Key Findings

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 […]

SCARP provides a simplified Company Restructuring process for Ireland’s Small and Micro Business

SCARP Examinership

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 […]

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