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Every Irish Limited company is required to file an Annual Return with the CRO on a yearly basis regardless as to whether the company has traded or is dormant. Annual Returns must be filed with the CRO no later than 28 days after the Annual Return Date (ARD).

The company’s first annual return will be due 6 months from the date of incorporation and there is no requirement to file financial statements. The annual return date in subsequent years will fall on the anniversary of the first annual return date unless the date is extended or shortened. In all cases, the annual return date cannot be more than 9 months after the financial year end of the company.

Failure to file the annual return results in an immediate penalty of €100 which will increase by €3 per day thereafter up to a maximum penalty of €1,200 for each late annual return. If the Company was required to submit Financial Statements with its return and was in a position to avail of the audit exemption, then non compliance will result in the loss of a company’s ability to avail of the audit exemption for two years.