The fee charged by professionals for closing a limited company in Ireland is roughly €300 + VAT which includes the CRO fees as well as advertising in a national newspaper.
In order to close your limited company you need to apply for a voluntary strike off with the CRO. The CRO has a number of conditions which must be satisfied in order to close your company.
- Draft director statement that the company must have never traded or has ceased trading
- Special resolution passed and form G1-H15 completed. Online free (core.ie), paper €15.
- Must have completed form H15 (filing fee €15)
- The amount of assets does not exceed €150
The amount of liabilities does not exceed €150 including contingent or prospective liabilities (Liabilities cannot be netting off against assets).
All returns to date have been completed - Request a letter from Revenue that they have no objection to the company closing.
- You must place an ad in a national newspaper of your intention to close your company. A sample advertisement is available here. The fee for example in the Irish Times is €74.95 + VAT as per their current rate card.
When the above have been completed it takes roughly 3 months for your company to be taken off the CRO register.
If you have a very simple business it is possible to do this yourself. If you have any doubts about how to complete the above steps it would be better to seek the advice of an accountant or a professional. If you complete any of the above steps incorrectly it could end up costing you a lot more in the long run.
