Frequently Asked Questions

Annual Return

What is an annual return?

The Directors of a company must return the company particulars (Annual Return) each year. The annual return contains specific unique information about the company, for example; registered office, directors, secretary, its shareholders and authorised and issued share capital.

When must the first annual return be made?

A companies first Annual Return must be made no later than 6 months after Incorporation of the Company.

Do I have to submit accounts with my first Annual Return?

No. Accounts are not required for the first return to the CRO.

What happens if a company fails to make an Annual Return?

Failing to make an annual return can have serious implications on a company. Possible penalties can include; The Office of the Director of Corporate Enforcement (ODCE) can take legal action against the Directors of the company, the company can loose Audit Exemption, fines may be accumulated including fines increasing at a daily rate, and possible involuntary dissolution of the company.

Can I change my Annual Return Date (ARD)?

Yes. The ARD can be changed, but only after the second annual return of the company. The ARD can only be changed once every five years. The accounts being submitted with the ARD must be made up no more than nine months before the ARD.

Business Name Registration

What is a Business Name?

A business name is a trading name that every business is obliged to register. Whether your business be a Limited company, a sole trader, or a Partnership, the name must be registered with the Company Registrations Office.

How do I reserve a Limited Company Name?

A Limited Company Name can be reserved by application through Irish Formations by processing one of our Company Formations Packages.

If I have a limited company, do I need to register a Business Name?

If you wish to trade under the exact, full name of your limited company, you do not need to register a business name. If however, you wish to trade under a different name, that must also be registered.

Changing Current Details

How long does it take to change current company details?

Generally between 5 and 15 days.

Company Incorporation (Formation)

Who Can form a Company in Ireland?

Anyone in Ireland can form a company.

How long does it take to form a company?

Generally, it can take anywhere from five working days to 15 working days to form a private limited company. Public limited companies (PLC) can take longer, as this is due to the greater extent of legislation around PLC’s.

How many Directors are needed to form a company?

A minimum of two directors are required to form a company.

What is a Company Secretary?

A Company Secretary has specific duties under Irish Legislation. One of the Company Officers must be appointed as Secretary, and this can be one of the Company Directors. The General responsibility of the Company Secretary is to ensure that the company is complying with all legislation. The company Secretary must advise the Directors and Employees of any legislation that may affect them. The Company Secretary also ensures that the company meets all relevant statutes laid down, & all internal regulations of the company.

I’m not ready to trade yet, can I form my Company & trade at a later time?

Yes. You can form your company now and trade at a later time. You do not have to make your first annual return for 6 months after incorporation of your company. We will remind you in plenty of time if you incorporate your company with us.

Why form a Limited Company?

A company is a separate legal entity in its own right. There are may advantages to forming a Limited Company in Ireland, one of the most popular being the rate of Corporation Tax in Ireland at 12.5%. Many circumstances may affect your decision, but, a Qualified Accountants advice should be sought if you are in any doubt. Contact us by clicking here to get advice from a qualified Accountant on whats best for your circumstances.

Does company Incorporation mean Trade Marks are protected also?

No it does not. Trademark law is completely separate to company law. Please see The Patent Office Website for more information.

Can I use a P.O. Box number as an address?

This is not allowed. A registered office must be a physical location.

Can I change the registered office of a company?

Yes. This can be done by filling out a form with us. Click here to Change company details.

Do the Directors of the company have to be Irish Residents?

No, at least one director should be European Economic Area (EEA) resident.

Product

Can I pay by Cheque?

Yes, we accept cheques as form of payment. Most of our clients pay online using a Debit or Credit Card.

You have not answered my question!

If you have a further question, or if we have not addressed your question, please click here to be brought to the Contact Us page, and we would be delighted to discuss further questions with you.