Section 137 of the Companies Act 2014 sets a requirement for every company registered in the Republic of Ireland to have at least one director who is resident in the European Economic Area (EEA). The EEA comprises the 27 EU countries plus Iceland, Liechtenstein, and Norway. The requirement for an EEA-resident director is not just a [...]
Recording Satisfaction of Mortgage/Charge Payments at the CRO When an Irish registered company has either fully or partly paid off a mortgage or charge, it is vital to record this at the Companies Registration Office (CRO). This ensures that external third parties, such as potential investors, creditors, other lenders, and credit rating agencies, are made aware [...]
Registrar of Beneficial Ownership (RBO) Enforces New Powers Under Companies Act 2014 The Registrar of Beneficial Ownership of Companies and Industrial & Provident Societies (RBO) has swiftly utilised her new authority under Section 726(i) of the Companies Act 2014. This section permits the involuntary strike-off of companies that fail to file beneficial ownership details. Warning [...]