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.
