CRO Newsletter - UK Resident Directors

  • Submitted 6 March 2019
  • Applicable Law European Union
  • Topic Brexit

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

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.