The Companies Act 2014 commenced on 1 June 2015 and will impact on all Irish companies. The new Companies Act is intended to simplify company law and to reduce red tape, making it easier to operate a business in Ireland.
This booklet summaries the key aspects of the new Companies Act and will assist you to understand, in simple terms, how the Act will affect companies.
The transition period is 18 months from 1 June 2015. It is important for businesses to be proactive and think about what entity type is right for them for the future. It is also a timely opportunity for businesses to review their corporate structure as part of their conversion process.