CRO Newsletter - UK Resident Directors
6 March 2019
The Irish Companies Registration Office (the CRO) has provided advice to Irish companies with UK-resident directors in its latest newsletter.
In the event of a no-deal Brexit, Irish companies which have only UK resident directors will be required to comply with section 137 Companies Act 2014. This is the requirement to have an EEA-resident director.
The requirement does not apply where:
- a company holds a bond to the value of EUR 25,000, or
- where the company is granted a certificate stating it has a real and continuous link with an economic activity in Ireland.
The newsletter is available here
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