Considering a share transfer for your company? Look no further than Chern & Co. We specialise in providing expert assistance and support for share transfers, ensuring a smooth and compliant transition of shares from one party to another. Whether you’re a business owner looking to transfer shares within your company or navigating the complexities of bringing in new stakeholders, our Share Transfer service is designed to streamline the process.
- Comprehensive Documentation Preparation: Our team will prepare all the necessary documentation required for the share transfer process. This includes the creation of new Share Certificates, drafting a Special Resolution, and recording Board Minutes, ensuring that every detail is accurately documented.
- Filing Changes with CRO (Companies Registration Office): We will take care of the administrative steps involved in notifying the CRO about the share transfer. Please note that the Share Transfer will be officially reflected in the CRO records only after filing the next B1 return.
- Filing Changes with RBO (Register of Beneficial Ownership): Compliance with the Register of Beneficial Ownership is essential when transferring shares. If any of the new shareholders do not possess an Irish PPS Number or RBO Number, we will assist in obtaining an Individual Public Service Number (IPN) for them.
- Real Beneficial Owner Identification: In cases where a new shareholder is a company and not an individual, it is crucial to identify the real beneficial owner (a natural person) for compliance purposes. We will initiate the Anti-Money Laundering (AML) procedures required for this person and ensure they have a valid PPS or IPN number.
What Should You Know About Share Transfer
A stamp duty of 1% is applicable on share transfers when the consideration for the transfer is €1,000 or more. We will guide you through this process and assist in the submission of the appropriate stamp duty return to revenue authorities.
If your company’s net assets are less than €1,000, the transfer of shares may not be subject to stamp duty. However, it is advisable to consult with a tax professional or legal advisor for specific cases.
Following the submission of the next annual return, the new ownership structure will be displayed in the Companies Registration Office (CRO) records, ensuring transparency and compliance.
Pricing: Our Share Transfer service is available at a competitive price of €600 EUR, which includes all the aforementioned services and assistance throughout the share transfer process.
Your Reasons to Apply for Share Transfer with Chern & Co
Expertise and Experience: Chern & Co boasts a team of professionals with a wealth of experience in managing share transfers across various industries. Our in-depth knowledge of company law and compliance requirements ensures that your share transfer is executed efficiently and in full accordance with legal obligations.
Comprehensive Documentation: Share transfers involve a significant amount of paperwork and documentation. Our Share Transfer service includes the meticulous preparation of all necessary documents, including Share Certificates, Special Resolutions, and Board Minutes. We leave no room for errors, ensuring that every detail is accurately recorded.
CRO Compliance: Chern & Co will notify the Companies Registration Office on the share transfer update on your behalf, ensuring that your share transfer is officially reflected in CRO records.
RBO Compliance: Our team will assist in filing changes with RBO, including obtaining an Individual Public Service Number (IPN) for new shareholders without Irish PPS Numbers or RBO Numbers.
Transparent Record Keeping: Following the submission of the next annual return, the new ownership structure will be displayed in the Companies Registration Office (CRO) records. Chern & Co ensures that your company’s ownership information remains transparent and up-to-date.
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Disclaimer: The 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.