
Foreign investors who own a
company in Ireland or who are interested in
opening a business here should know the legal aspects related to the
annual filing requirements of the company. The
annual financial documents are filed to the
Companies Registration Office (CRO), in accordance with the applicable legislation of the
Companies Act 2014. If you are interested to find out more on the
financial documents that have to be submitted to the local authorities,
our Irish company formation specialists can provide you with an in-depth presentation on this matter.
Financial statements in Ireland
According to the
Companies Act 2014 legislation, all companies with operations in
Ireland are required to keep all the
books of account that can present the
current financial situation of the business. The
financial statements of the company are presented at the Annual General Meeting (AGM) and afterwards, the copy of these documents is registered at the
Irish CRO.
Directors of the companies have to submit the following financial statements:
• profit and loss account;
• balance sheet;
• director’s report;
• statutory auditor’s report.
The documents will presented in front of the AGM, signed by the
directors of the company, who will have to provide a certificate (signed by a director and a company’s secretary) attesting the validity of the
financial statements;
our company formation representatives in Ireland can provide you with further details on this matter.
Annual returns in Ireland
The
annual return which has to be filed by
companies in Ireland, entitled Form B1, has to be completed once a year and filed at
CRO.
There is an exemption to this regulation, which applies to a newly incorporated companies. In the first financial year, it is not compulsory for the company to file this document. In the second year of activity, the company is required to file the financial statements; however, due to the fact that many of the newly formed companies are not able to file these documents in this period of time, the directors have the possibility to extend the date for the annual return, by filing the Form B73.