Following a consultation and legislative process lasting over a
decade, the Irish Companies Act 2014 finally came into effect on 1
June 2015. If you hardly noticed, that's a good
thing! If you need a reminder of how the introduction of the
new legislation might affect your company, check out our
Companies Act 2014 FAQs.
International companies with Irish subsidiaries will begin to benefit in a tangible sense from the new modern and consolidated company law code, including increased flexibility for cash repatriation in certain instances as well as additional options now available for group restructuring and reorganisations.
The Irish Companies Act 2014 further enhances Ireland's pro-business legal infrastructure which has been a key factor underlying its establishment as a location of choice for inward investment. That offering has brought about a remarkable 110 new investments by international companies in the first half of 2015 with the number of people employed in Ireland by US companies alone now estimated to be over 140,000.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.