Companies and Incorporation Issues

Recognition of Companies There are a number of EU company law directives. They have harmonised certain critical areas EU wide. However, for the most part, the existence capacity and corporate functioning of the company is determined in most cases by the law of the member state “of incorporation”. There are EU laws which require the […]

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Corporate Compliance and Administration

Directors of Irish Companies with UK only Directors The Irish Companies Act requires that certain Irish companies must have an EEA resident director. After 2021, or the effective date of Brexit if later, a UK resident director will no longer satisfy this requirement. The obligation applies unless one of the following has been obtained;a €25,000 […]

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Financial Reporting Standards

Comparable and clear company financial statements across the EU Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of businesses aims to: ensure the clarity and comparability of financial statements, other than international financial reporting standards (IFRS); limit administrative burdens and provide for simple and robust accounting rules, […]

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EEIG & European Companies

EEIG Requirements A European regulation provides for the establishment of European Economic Interest Grouping (EEIG). The purpose of an EEIG is to facilitate and develop economic activities of members by pooling of resources, activities or skills. It is not intended the grouping should make profits for itself. If it does make any profits they will […]

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Mergers and Divisions

Mergers of Public Companies The third council Directive deals with mergers of public liability companies. In order to be subject to the merger, there must be a full absorption of one company in another or the formation of a new company. Whether mergers by acquisition or the formation of a new company the process consists […]

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Various Companies Matters

Shareholders’ Voting Rights I A Company law directive establishes minimum requirements to facilitate the exercise of shareholder rights at a general meeting of listed companies, particularly on a cross-border EU basis. It takes account of the possibilities offered by modern technology. The Directive applies to all companies with registered offices within the EU and shares […]

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Accounts

Requirements of Accounts The fourth company Directive deals with the annual accounts of limited companies. The annual accounts are to comprise a balance sheet, profit and loss account, and notes to the accounts.  The Directive lays down principles governing the contents of the documents. The directive provides for two balance sheet layouts leaving it to […]

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Takeovers

General An EU Directive on takeover bids sets minimum guidelines for the conduct of takeover bids involving the securities of companies governed by the law of an EU state or where the securities are admitted to trading on a regulated EU market. It seeks to provide an adequate level of protection for holders of securities […]

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Audit

Auditors An EU Directive on the statutory audit of accounts and consolidated accounts provides for external quality assurance, public supervision, the duty of statutory auditors and the application of international standards and principles of independence applicable to a statutory auditor. A statutory audit may be carried out, only by statutory auditors or audit firms approved […]

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Irish Company UK Directors

PREPARE FOR BREXIT Government Departments, enterprise agencies and regulatory bodies have a range of supports covering advice, finance and upskilling to help your business navigate its way through Brexit. With just months to go to the UK withdrawal from the European Union, understanding the potential implications is a key first step in developing your Brexit […]

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Auditing in UK Post-Deal Guidance

Guidance Auditing for UK auditors and audit firms operating in the European Economic Area (EEA) Guidance for UK audit firms, UK auditors, and those with UK audit qualifications operating in the EEA. Published 31 December 2020 From: Department for Business, Energy & Industrial Strategy Contents Recognition of UK audit qualifications in EEA countries UK audit […]

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Auditing in EU UK Post-Deal Guidance

Guidance Auditing for UK auditors and audit firms operating in the European Economic Area (EEA) Guidance for UK audit firms, UK auditors, and those with UK audit qualifications operating in the EEA. Published 31 December 2020 From: Department for Business, Energy & Industrial Strategy Contents Recognition of UK audit qualifications in EEA countries UK audit […]

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Accounting UK Companies UK Post-Deal Guidance

Guidance Accounting for UK companies How companies incorporated in the UK, or where the parent company is incorporated in the UK, can comply with UK accounting and reporting requirements. Published 31 December 2020 From: Department for Business, Energy & Industrial Strategy Contents Changes to the UK’s corporate reporting regime Preparing annual accounts UK public companies […]

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Accounting for EU Companies UK Post-Deal Guidance

Guidance Accounting for European Economic Area (EEA) organisations How EEA companies and groups with a presence in the UK can comply with UK accounting and reporting requirements. Published 31 December 2020 From: Department for Business, Energy & Industrial Strategy Contents Operating as an EEA company and group with a presence in the UK Operating as […]

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Societas UK Post-Deal Guidance

Guidance Running a UK Societas (UKS) Published 31 December 2020 Contents UK Societas Formation Names Administration and management Winding up Relevant legislation Print this page UK Societas A UK Societas is a European public limited liability company (Societas Europaea) which was converted to a UK Societas from 1 January 2021 (end of the Brexit transition). […]

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UK EEIGs UK Post-Deal Guidance

Guidance UK economic interest groupings (UKEIG) and European economic interest groupings (EEIG) Published 31 December 2020 Contents 1.About UKEIGs 2.How a UKEIG is structured 3.Legal personality 4.Competition rules 5.How a UKEIG is funded 6.Taxation rules 7.Accounting requirements 8.Registering in other member states 9.What information must be published 10.Name of a UKEIG 11.Documents you must register […]

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Companies Forms UK Post-Deal Guidance

Guidance Changes to Companies House forms from 1 January 2021 A list of updates to Companies House forms following the end of the Brexit transition. Published 31 January 2020 Last updated 31 December 2020 — see all updates From: Companies House This guidance has been withdrawn The Brexit transition period has ended and new rules now […]

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Company Registration UK Post-Deal Guidance

Guidance Changing your company registration from 1 January 2021 Find out if your business will need to change its company registration following the end of the Brexit transition, and how to do this. Published 31 January 2020 Last updated 31 December 2020 — see all updates From: Companies House This guidance has been withdrawn The Brexit […]

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Some Companies Issues

Companies Companies incorporated in an EU state must be recognised in other EU states. Generally, such companies have most of the same rights as EU resident persons. There are common EU wide rules on companies which harmonise certain aspects of company law. After 2021,  Ireland and the United Kingdom will continue to recognise companies formed […]

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Companies Issues UK No Deal Notes

Changing your company registration from 1 January 2021 The UK formally left the EU on 31 January 2020. Find out if your business will need to change its company registration from 1 January 2021, and how to do this. Published 31 January 2020 From: Companies House The UK has left the EU This page tells […]

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EU Withdrawal Note Company Law

21 November 2017 NOTICE TO STAKEHOLDERS COMPANY LAW The United Kingdom submitted on 29 March 2017 the notification of its intention to withdraw from the Union pursuant to Article 50 of the Treaty on European Union. This means that unless a ratified withdrawal agreement1 establishes another date, all Union primary and secondary law will cease […]

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EU Withdrawal Note Statutory Auditor

Brussels, 8 February 2018 NOTICE TO STAKEHOLDERS RULES IN THE FIELD OF STATUTORY AUDIT The United Kingdom submitted on 29 March 2017 the notification of its intention to withdraw from the Union pursuant to Article 50 of the Treaty on European Union. This means that, unless a ratified withdrawal agreement1 establishes another date, all Union […]

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Companies Registration 2021 UK Guidance

Changing your company registration from 1 January 2021 The UK formally left the EU on 31 January 2020. Find out if your business will need to change its company registration from 1 January 2021, and how to do this. Published 31 January 2020 From: Companies House The UK has left the EU This page tells […]

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Accounts and Audit

International accounting standards adopted within the European Union Regulation (EC) No 1126/2008 of 3 November 2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 It sets out the international accounting standards (IAS) which the EU has adopted. Under a parallel regulation (Regulation (EC) No 1606/2002 — International accounting standards), all EU […]

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Taxes on Raising Capital

Indirect taxes on raising capital Directive 2008/7/EC — indirect taxes on the raising of capital seeks to regulate the indirect taxes levied by EU countries on the raising of capital. Indirect taxes are those levied on goods and services rather than on income or profits. While it generally prohibits these taxes, notably capital duty, it […]

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Shareholders’ Rights

Shareholder Rights Directive Directive 2007/36/EC on the exercise of certain rights of shareholders in listed companies Directive (EU) 2017/828 amending Directive 2007/36/EC The Directives  establish rules promoting the exercise of shareholder rights at general meetings of companies with registered offices in the EU and the shares of which are admitted to trading on a regulated […]

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