CRO Digital Transformation Project

Dec 02, 2020

Members will be aware that the Companies Registration Office (CRO) will launch their new CORE portal on 16 December 2020.

Please take note of some important dates:

  • The CRO will close from 11 to 15 December 2020 so that they can transition and migrate the data to the new system. Therefore, services such as incorporations, re-registrations and company filings will not be available during these dates.
  • The CRO have indicated that 7 December 2020 is the cut-of date for receiving signature pages for statutory forms generated by the old CORE system.
  • Forms generated on the old CORE system after 7 December will be obsolete and will not be processed by the CRO. Forms received after the cut-off date will need to be re-filed with the new system once it goes live.
  • Summary Approval Procedure (“SAP”) filings, which are time critical, can continue to be scanned and delivered to the following email address: saps@dbei.gov.ie.
  • The CRO have recently introduced a new interim process to allow for the filing of SAP filings for a members voluntary liquidation. The new process allows for these signed manual documents to be scanned and emailed to the CRO using the following address: E1SAP@enterprise.gov.ie. They must be emailed to this address only. All of the documentation must be contained in one email and the onus is on the presenter to ensure that the documents are completed accurately and have reached the CRO on time. We understand that this is being introduced on a short-term basis only to facilitate filing in the current environment and the original documents must be kept by the presenter.

Consequently, it’s important to assess the impact of the temporary closure of the CRO on filings and you should consider now the extent to which possible filings should be made in advance of 7 December 2020. So, for example, if a new company is required prior to Christmas, the incorporation documents should be filed on or before 7 December 2020.

One of the most significant changes on the new portal will be the one-stage 56-day period to complete all aspects of the B1 Annual Return process. The CRO have stated that the legislation will be in place by 16 December 2020 to allow 56 days from the company’s annual return date (ARD) for the filing of financial statements and the annual return. Financial statements will be required to be uploaded before the B1 annual return is filed.

This does not impact the extension granted to companies with an ARD of 30 September 2020 or later to complete their filings by 26 February 2021.

Further information is available on the CRO twitter account or the CRO website.