Companies Registration Office Update – Winter 2019
Register of Beneficial Ownership- frequently asked questions
For members who are still uploading their information to the Register of Beneficial Ownership, there is a list of frequently asked questions and answers on the link below. The Companies Registration Office are keeping this website up to date with latest news and are updating the FAQs as they arise.
Beneficial owners who do not have a PPS number
The Registrar of Beneficial Ownership is obliged by law to verify the identity of beneficial owners in order to comply with the EU’s Fourth Anti-Money Laundering directive that requires the register to be “adequate, accurate and current”.
For beneficial owners who do not have a PPS number, the Registrar has determined that the Form BEN2 - Declaration as to Verification of Identity - will be the method used to verify the person’s identity.
Failure to complete the required filing by 22 NOVEMBER may result in the company/society being prosecuted and fined. Filing of beneficial ownership data can be done online through a portal in the RBO website - www.rbo.gov.ie. No information can be filed with the RBO on paper and there are no filing fees.
Opening hours for the Companies Registration Office (CRO) for Christmas and the New Year
Monday 23rd December 2019 9.30am to 4.30pm
Tuesday 24th December 2019 9.30am to 12 noon
Wednesday 25th December 2019 Closed
Thursday 26th December 2019 Closed
Friday 27th December 2019 9.30am to 1pm and 2.15pm to 4.30pm
Monday 30th December 2019 9.30am to 1pm and 2.15pm to 4.30pm
Tuesday 31st December 2019 9.30am to 1pm and 2.15pm to 4.30pm
Wednesday 1st January 2020 Closed
Thursday 2nd January 2020 Normal hours resume
Because of the disruption caused to services over the holiday period, where the deadline for filing falls between Tuesday 24th December 2019 and Thursday, 2nd January 2020, (both dates inclusive), annual returns will be treated as received on time if submitted electronically by midnight on Wednesday, 2nd January 2020.
Christmas 2019 deadlines – New Companies
For incorporations, change of name re-registrations and company name registrations, the CRO cannot guarantee that submissions received after the dates set out below will be processed before the Christmas break.
Ordinary scheme 3 December 2019
Fé phrainn scheme 9 December 2019
A1 on line scheme 13 December 2019
Change of name 9 December 2019
Re-registrations 9 December 2019
Company name reservations 19 December 2019
October Filing statistics
52,968 companies registered with the CRO had an annual return date of 30th September 2019 and a filing deadline of 28th October 2019. As the 28th fell on a bank holiday weekend, peak filing date for 2019 was Tuesday 29th October.
It has been two years since the introduction of electronic filing for the submission of Annual Returns and associated financial statements. We are pleased to report that 98% of companies filed on time. Only 1,052 companies did not file on time. Mandatory e-filing and uploading of associated financial statements have contributed greatly to the increase in compliance. Information providers across the CRO were steadily busy in the week leading up to the peak with the majority being filed on Friday 25th October and Tuesday 29th October on both CORE or via software packages.
To avoid late filing fees or loss of audit exemption presenters should now ensure that the correct financial statements are uploaded, the signature page is signed and dated, all relevant documentation is delivered to the CRO 28 days after the B1 is submitted.