Irish Company Deregistration Procedures and Fees | Voluntary Strike off-Company Formation_Trademark Registration_Tax Service - Hong Kong CPA

Irish Company Voluntary Strike off Procedures and Fees

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Irish Company Voluntary Strike off Procedures and Fees

Unless otherwise indicated, the Irish company stated in this quotation refers to a private company limited by shares formed and incorporated in Ireland in accordance with the Ireland Companies Act 2014.

When an Ireland incorporated company ceased its business and is not expected to commence business again, the company can apply to the Companies Registration Office (CRO) for its voluntary Strike off. For defunct private companies, Voluntary Strike off is a relatively simple, low-cost and quick way to close the company. A company undergoing Voluntary Strike off must meet certain requirements, such as having paid off all its liabilities.

Our fee for handling the Voluntary Strike off of an Irish company is EUR1,000. The fee quoted includes our professional service fee, government fees to be paid to the CRO during the Voluntary Strike off process, and the cost of publishing the Voluntary Strike off notice in the newspaper.

The whole process for deregistering an Irish company would normally take around 4-6 months, assuming that the company has ceased its business, no outstanding tax returns, unpaid taxes and unpaid penalties, and does not involve further accounting or auditing work.

During the Voluntary Strike off process, the company may be required to prepare its final financial statements, or to audit its financial statements and file its final corporation tax return. Kaizen can provide the relevant services and the fees will be quoted if so requested.

Please note that before submitting the Voluntary Strike off application to the CRO, clients should make sure that the corporate bank account is closed and that all receivables are collected, and assets handled properly. All remaining assets will be considered as the property of the Irish government once the company is officially deregistered.

The fees stated in this quotation are for general reference only, and the actual fees are subject to the final quotation provided by our professional consultants.

Irish Company Voluntary Strike off Services Fee

Our fee for handling the Voluntary Strike off a defunct Irish company is EUR1,000, including the following services:

(1)	Answer questions in relation to the Voluntary Strike off of an Irish company.
(2)	Review the corporate documents to ensure that the company does not have any outstanding returns or any taxes in arrears;
(3)	Prepare the documents in relation to the Voluntary Strike off application.
(4)	Apply Notice of No Objection from the Revenue;
(5)	Publish a notice of Voluntary Strike off in a local newspaper;
(6)	Submit the application for Voluntary Strike off to the CRO;
(7)	Pay government fees related to Voluntary Strike off application.

Note:

(1)	During the process of Voluntary Strike off , if it is known that the company has outstanding declaration form, we can assist in the process, and the fee will be quoted separately.
(2)	Before the Notice of No Objection is issued, the CRO may require the company to prepare its final financial statements or an audited financial statement or filing its last corporation tax return. Kaizen can provide relevant service and the fee will be quoted separately.
(3)	If the company has registered for VAT, the company must apply for cancellation of VAT number in advance.
(4)	The fee quoted above does not include any courier fee and notarization servicers.

Optional Services

In addition to the company Voluntary Strike off services, Kaizen also provides the following services related to the Irish Company Voluntary Strike off.

No.	Services	Fee (Euro
1	Acting as company secretary for one year (Note 1)	360
2	Registered address for one year (Note 1)	360
3	Corporate Tax deregistration	650
4	Cancellation of VAT Registration	650
5	Preparation and submission of annual return (must include financial statement (dormant), Note 2)	500 (per annual)
6	Preparation and submission of annual return (must include financial statement, Note 2)	600 up (per annual)
7	Preparation and submission of annual return (must include audit report, Note 3)	1,300 up (per annual)
8	Preparation and submission of Corporation Tax Return	500 起
9	Non-EEA Resident Directors Bond, Note 4	1,960*/2 years
10	Personal Public Service Number (PPSN), Note 4	300/per person

Note:

(1)	According to Ireland Company Act 2014, all Irish companies must appoint a company secretary and have registered address in Ireland. Therefore, Kaizen can provide company secretary and registered office service for 1 year so that the company can still fulfill the compliance requirements during the Voluntary Strike off process.
(2)	All companies registered in Ireland must submit an annual return each year to the CRO. With the exception of the first 6-month annual return, all annual returns require a set of financial statements, even if the company was dormant for the financial year applicable to the annual return.
(3)	Annual returns and accounts that are overdue for the second year and subsequent years will lose access to audit exemption. Audited reports are required for each year.
(4)	Companies incorporated in Irish must have at least one Director resident in a member state of the European Economic Area (EEA). However, there are certain circumstances where an exemption from this requirement may be obtained. Where a company holds a bond in the prescribed form, it may avail of an exemption from having an EEA resident Director. Non-EEA Resident Directors Bond valid for 2 years, it can be renewed after two years, or replaced by EEA resident directors. *The Fee of EEA resident director replacement bond may adjust upon further information.
(5)	Company directors of Irish companies are required by law to apply for and obtain a Personal Public Service (PPS) number. Any individual shareholders who are in receipt of dividends must also apply for a PPS number. A PPS is a unique identifier given to you that helps you access social welfare benefits and public services in Ireland. You may need your PPS number to communicate with public bodies, such as the Irish Revenue Commissioners, or persons authorised by those bodies to act on their behalf.

Payment Term and Payment Methods

Upon receipt of your confirmation of engagement, we will issue and email our invoice together with detailed wiring instructions to you for your settlement. Please kindly mark our invoice number or account number in the message section of the remittance receipt and then send a copy of the same to us for our records. Because of the nature of the services, we require full payment in advance. Also, once service is commenced, no service fee will be refunded except in special cases.

We currently accept Hong Kong Dollar check, cash or TT and credit card through PayPal only. If payment is settled through PayPal, an extra 5% services fee will be charged.

Conditions for Deregistration

Before submitting the Voluntary Strike off application, the company must fulfill the following conditions:

(1)	More than 50% of shareholders agree to apply for Voluntary Strike off ;
(2)	The company has ceased trading 3 month before submission, or never start trading.
(3)	The company has settled all its creditors and has no outstanding liabilities;
(4)	The company has paid off all tax fees and penalties for late filling of any Tax returns and Annual Return (BI) to Irish Revenue. (Annual penalty is 100€ for late filing of B1 annual return on the first day, increasing by 3€ per day until submission of B1. Penalties are capped at €1,220 per return per year);
(5)	The company asset is lower than Euro150 or the balance sheet is zero.
(6)	The company has no outstanding legal proceedings.

IMPORTANT: Before filing an application for Voluntary Strike off , all company assets must be properly disposed, all debts must be paid, all deposits and receivables must be collected.

Documents Required for Deregistration

If Kaizen is acting as the company secretary for the Irish Company and the accounting and tax filing of the company is handled by us, there is no documents required as we have all the necessary corporate records to prepare for Voluntary Strike off . Client only needs to inform us the date of cessation of business for our further handling.

Otherwise, please provide the copies of the following materials:

(1)	Certificate of Incorporation, Articles of Association and Company Registers;
(2)	Passport and address proof within 3 months of each Director and shareholder.
(3)	The latest Annual Return;
(4)	The name of directors or shareholders who authorize Voluntary Strike off (if more than one director or shareholder);
(5)	The date of cessation of business (if ever commenced business);
(6)	The latest financial statement (if ever commenced business);
(7)	The latest filed Tax Return or letters from tax authority (if any);
(8)	The latest Value Added Tax Return (if any).

Acceptable address proof can be a utility bill or bank statement. Information of director/shareholder (full name and full address), document type, document issuing date and name of issuing authority must be clearly stated. If the document is not written in English, you are required to provide an English translation document for reference and as supporting.

The identification documents and address proof of shareholders and directors are subject to certify by Kaizen’s staff, notary offices, attorneys, accountants, or bank managers. You may visit any of our branches to complete the verification if needed.

Voluntary Strike off Procedures and Time Frame

Assuming the company has never commenced business or has already ceased business, the Voluntary Strike off usually takes approximately 4 - 6 months to process. For the details of the procedures and its timeframe, please refer to the below table.

Step	Description	Working Days
1	Client confirms engagement with Kaizen to handle the Voluntary Strike off of the Irish company and provides the required documents listed in Section 5 by email or other methods. Meanwhile, client needs to settle our service fees.	1
2	Kaizen reviews all company filings and tax returns and confirm with client whether there is any missing returns or unpaid taxes or other charges.	1-5
3	Preparation and submission of annual return and settle any penalty, if any	Case by Case
4	Preparation and submission of tax returns and settle any penalty, if any	Case by Case
5	Kaizen prepares the Voluntary Strike off document, and arranges the client to sign the document	1-5
6	Client arranges to close all company bank accounts (if any)	Client's Schedule
7	Kaizen applies for a Notice of No Objection on behalf of the client’s company	30
8	Kaizen arranges to publish a notice of cancellation of registration in local newspapers	5
9	Kaizen submits the Voluntary Strike off application to the CRO	1
10	CRO reviews company records and application documents. If there is no problem, arranging for the publication of the Gazette on the Voluntary Strike off of the company	5-20
11	Assuming that within 90 days of publication, there is no objection received, the CRO will issue a Notice of Voluntary Strike off	90
12	Kaizen forwards formal notice of Voluntary Strike off to client for record keeping	1

Documents available to clients after Voluntary Strike off

After the company has officially deregistered, the following documents will be sent back to the client:

(1)	Application Form for Notice of No Objection for Voluntary Strike off ;
(2)	Notice of No Objection for Voluntary Strike off (issued by the CRO);
(3)	Voluntary Strike off Application Form;
(4)	Notice of Voluntary Strike off (issued by the CRO).

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ WeChat: +852 5616 4140
Skype: kaizencpa

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