LSC & Partners will guide you
Through the requirements for
Setting up and Maintaining
Your business Company in Ireland!

We will keep you full Compliant
At all times!

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Company Formation Services in
Republic of Ireland

Irish Limited Company – Ongoing Compliance

LSC & Partners LLP can guide you through the requirements for setting up and maintaining a Limited Company in Ireland. The legal/company secretarial requirements are similar regardless of whether you are resident in Ireland or not. After your company is registered, the main on-going compliance requirements are:

All companies must submit and file an annual return every year, together with abridged accounts to the Registrar of Companies. Failure to do so will result in substantial penalty fees and possible strike-off proceedings, as well as loss of the audit exemption for 2 years if applicable. The first Annual Return is due 6 months after incorporation (no accounts required). The only exception to this are Unlimited Companies in certain circumstances.

Companies should hold an Annual General Meeting (AGM) within 18 months of incorporation and thereafter on an annual basis (must be an AGM in each calendar year). The AGM and board meetings should happen in Ireland, as the management and control of the company should be in Ireland. Some companies can dispense with the requirement of having an AGM if a resolution is signed to this effect.

In order to avail of audit exemption, a company which is not a member of a group, must qualify as small in respect of the financial year in question in accordance with section 280A of CA 2014. The qualifying conditions for a small company are satisfied by a company in relation to a financial year in which it fulfils two or more of the following requirements:

The amount of turnover of the company does not exceed €12 million
The balance sheet total of the company does not exceed €6 million
The average number of employees of the company does not exceed 50 (section 280A).
The company must have filed its annual return on time with the CRO for the current and preceding year. A Corporation Tax Return must be made every year

If the company is VAT Registered, VAT Returns must be made every two months.

The statutory registers must be kept up to date as well as the register of beneficial owners.

LSC & Partners LLP’s Annual Company Secretarial and Compliance Service will take care of most of the above, leaving you to concentrate on growing and running your business. For more information please contact us.

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Our Office Locations

Cork City Head Office, Ireland
Commerce House
14, Washington St West
Cork City, T12 NCF2
Phone: +353 429 611 228
Email: enquiries@ireland-lsc-partners.com
Republic of Ireland

Altrincham, UK Representative Office
Peel House, 30 The Downs, Ste 28
Altrincham
Cheshire, WA14 2PX
Phone: +44 161 394 1189
Email: altrincham@ireland-lsc-partners.com
England

Legal disclaimer

The information and materials contained in this website do not constitute an offer, invitation, solicitation, advice or recommendation to buy the products and services offered and rendered by LSC & Partners LLP and shall be applied with prior consultation.

LSC & Partners LLP does not offer legal or tax advice without consultation with certified professionals with related appropriate skill and expertise.

The information contained in this website is for general guidance on matters of interest only and should not be considered as guidance for financial or tax decisions, or a substitute for specific professional consultation.

While we have made every effort to ensure that the information contained in this website is accurate and correct due to constant changes in laws, rules and regulations LSC & Partners LLP accepts no liability for any loss or damage arising directly or indirectly from action taken or not taken relying on the information contained in this website. In particular no warranty is given as to the completeness, accuracy, reliability of such information and as to whether it is at all times up to date.

LSC & Partners LLP accepts no liability for any loss or damage direct or indirectly arising from the application of any information contained in this website, including any loss, damage or expenses arising from, but not limited to, any defect, error, mistake, inaccuracy, reliability of this website, its contents or related services, or due to any unavailability of this Site or any part thereof of any contents or related services.