CRO and RBO Filing Update Service
70€ excl. VAT
Are you a fan of legal ways of business incorporation? Submission Of Information to RBO must be a part of your strategy. At Chern & Co, we provide you with an opportunity to make it effortlessly through our RBO filing service. Learn why you must submit information to your company and what is the cost of letting Chern & Co experts deal with all the associated hassle.
CRO and RBO and Their Purpose
To better understand the purpose of filing information about your company to CRO and RBO, let’s make it clear what these institutions actually are.
To put it simply, RBO (Register of Beneficial Owners) is a central repository of all information related to a company. The purpose of RBO is to improve transparency and corporate trust of businesses in Ireland and the European Union by making it clear to law enforcement agencies, regulatory authorities and the general public who owns and controls an Irish-based business.
RBO filing makes it easier to deter money-laundering and terrorist financing of business and helps law enforcement identify real owners of a business and prevent them from any illegal activities.
CRO is a Company Registration Office. This is public statutory information on Irish companies and business names. All the essential steps in the Irish company setup process are made through CRO. These include company registration, business name registration, receipt of post-formation documentation etc.
Why Should you File Documents to CRO and RBO
Companies, industrial and provident societies will be required to file data with the central register of beneficial ownership and company registration office. Why? Wait no longer to see the answer.
This Is How You Make Things Official
CRO filing is the obligatory step in company registration in Ireland. To put a long story short, consider your company does not exist to the government and all legal institutions if it is not registered in CRO. If any changes in company information are made, including the changes to the company’s directors’ address, the corresponding adjustments should be made to the CRO register.
It is an Essential Requirement for AML
Under the AML (anti-money laundering) rules and the new Irish legislation, all new companies must submit information about their ultimate beneficial owners directly after the incorporation. Well, the law should never be ignored.
To Enable Transactions Procession
If you decide to bypass the legislation (which we highly do not recommend), expect to face the consequences. Bank institutions will not be able to complete any processing of transactions for such clients. It appears that some banks even refuse account opening to clients who do not incorporate their RBO filing before.
Advantages of CRO and RBO Filing Update with Chern & Co
If you have at least a basic grasp of how legislation in Ireland works, you may feel like RBO filing is not a problem for you. Well, you never know for sure. After all, it is always better to take a sigh of relief delegating all the legal matters to a third party. At Chern & Co, we believe that RBO filing is our superpower and offer at least three arguments why it is more than empty guessing.
Time savings: save time on your core responsibilities instead of browsing CRO and RBO and collecting all papers your company needs to submit.
Boosted efficiency: our expert knowledge let us handle the submission process within the fastest terms and lowest expenses.
Affordability: no bragging but we are one of the very few companies that still care about your budget. We offer high-quality service at an affordable price of €150.
Apply for CRO and RBO Filing Update with Chern & Co
At Chern & Co, our mission is to make business easy and understandable. We believe that business needs to be transparent for all parties. We help entrepreneurs establish a trustworthy business entity in Ireland and stick to all rules imposed by the Irish legislation. What we need is your documents and willingness to stay in touch. Do not hesitate to contact our managers! We are ready to answer all your concerns related to CRO and RBO company updates!
Disclaimer: This content of this page is for acquainting purposes only and is subject to change. It does not constitute any professional advice. No liability is accepted by Chern & Co for any actions taken or not taken in reliance on the information set out in this article. Professional, legal or tax advice should be obtained before taking or refraining from any action.
CRO and RBO Filing Update Service
LTD Company Package
70€ excl. VAT
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Frequently Asked Questions
Answers to Common Concerns
Why to Register a Company in Ireland?
Setting up a company in Ireland carries plenty of benefits. These are the smooth process of annual returns submission, low Ireland corporate tax rate (lowest in the EU), official documentation in English, access to the European market, the brilliant reputation of Ireland as a business-friendly country, availability of progressive and educated workforce.
Is it Dangerous to Assign a Nominal Director?
Yes, from the moment of the first trademark submission, it’s valid for 10 years and can be renewed indefinitely.
Can I Promote Goods and Services Under an Unregistered Trademark?
Yes, according to law, it is not mandatory to register a trademark. You can operate under an unregistered mark but in that case it would be more difficult and expensive to protect your rights for the mark in a court.
Can I Change the Specialization of My Company?
Yes, it is possible to change the specialization of your company en-route.
Can I Trade on Amazon with an Irish-registered Company?
Yes, we offer business-friendly packages for those who want to trade on Amazon for both European and US customers. We also help to pass the verification process on the marketplace.
Can I Close a Company?
Yes, this option is also possible, and we do provide this kind of service. In perfect circumstances, it takes around a month to close your company. A legal requirement is not to have large unpaid loans.