The Companies Registration Office (CRO; Irish: An Oifig um Chlárú Cuideachtaí) registers and incorporates companies in Ireland as well as filing 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. This 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
- ^ Companies Registration Office
- ^ admin, admin. "Companies Registration Office (CRO)". dbei.gov.ie. Retrieved 2020-04-06.
- ^ MyTax (2020-01-30). "Company Formations Ireland : The Comprehensive Guide". MyTax. Retrieved 2020-04-07.