The Companies Registration Office (CRO; Irish: An Oifig um Chlárú Cuideachtaí) registers and incorporates companies in Ireland and files their annual returns.[1]

The CRO has a number of core functions:[2]

  • The incorporation of companies.
  • The receipt and registration of post incorporation documents.
  • The enforcement of the Companies Acts in relation to the filing obligations of companies.
  • Making information on companies available to the public.

It also registers the names of businesses which are non-limited trading entities such as sole traders and partnerships.

It also has the Office of the Registry of Friendly Societies which registers Industrial & Provident Societies, Friendly Societies and trade unions.

In 2019, the Register of Beneficial Ownership was introduced into Ireland. That was implemented on the back of the EU’s Fourth Anti-Money Laundering Directive, which essentially requires all member states to hold adequate, accurate and current information of all beneficial owners. A beneficial owner is someone who owns more than 25% of a company.[3]

See also

References

  1. ↑ Companies Registration Office
  2. ↑ "Companies Registration Office (CRO)". dbei.gov.ie. Retrieved 6 April 2020.
  3. ↑ "Company Formations Ireland : The Comprehensive Guide". my-tax.ie. 30 January 2020. Retrieved 7 April 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.