Pearse Trust Blog



The DAC and the LTD Companies - Key Facts

Posted by Pearse Trust on Wednesday, Feb 22, 2017

Our Blog on Irish Corporate Entities provided an overview of the different types of Companies that can be incorporated in Ireland under the Companies Act 2014 ("The Act").

The Act created two new types of private company limited by shares, the Designated Activity Company and Private Company Limited by Shares.

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Tags: Ireland, Incorporation, EU

The Difference Between An Irish Subsidiary & A Branch

Posted by Pearse Trust on Monday, Feb 20, 2017

The Companies Act of Ireland governed not only those companies formed and registered in Ireland (“the State”) but also applied to external companies, formed in foreign jurisdictions, who wish to establish a place of business or a branch in Ireland. 

It regulated a place of business such as an office which performs operations ancillary to a company’s business such as promotional activities. A branch refered to a presence bigger than a place of business.

Companies Act 2014 abandoned the concept of a “place of business” and the new law provided only for the “branch” concept. The only external companies which are required or permitted to register and file accounts in Ireland are those whose members have limited liability and which establish a branch in Ireland. External unlimited companies and companies whose presence is less than that of a branch may not register their presence in Ireland under the new system.

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Tags: Ireland, Incorporation

Transferring Shares in a UK Company

Posted by Pearse Trust on Wednesday, Feb 15, 2017

When a UK Company is incorporated, the legal ownership of the company is denoted by the person(s)/ entities holding the shares in the company as stated in the share register and the issued share certificate(s).

In order to transfer the shareholding in a UK Company, a number of formalities must be considered.

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Tags: Shares, UK

Differences Between Business Names & Company Names in Ireland

Posted by Pearse Trust on Monday, Feb 13, 2017

The two words; ‘company’ and ‘business’ are used interchangeably. To most people, a company name and a business name refer to the same information, but in fact there are fundamental differences which we will now consider.

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Tags: Ireland, Incorporation

Having Your Say – Votes At General Meetings Explained

Posted by Pearse Trust on Wednesday, Feb 08, 2017

An annual general meeting (AGM) is a meeting of members of a company at which the members can put questions to the directors and receive information pertaining to the company regarding its financial statements, appointment of auditors and changes in the board of directors. A company must hold an AGM every calendar year. The length of time between one AGM and the next cannot be more than 15 months.

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Tags: Directors, Corporate Governance

UK Company Reorganisation - Share for Share Exchange

Posted by Pearse Trust on Monday, Feb 06, 2017

A share for share exchange is a transaction which serves to re-organise a company’s shareholdings into a new holding company (‘the acquiring company’).  

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Tags: Shares, UK

Hybrids and Thin Capitalisation – The UK Advances its BEPS Agenda

Posted by Pearse Trust on Wednesday, Feb 01, 2017

The UK Government is progressing its response to the Organisation for Economic Cooperation and Development's BEPS (base erosion and profit shifting) Action Plan, with the advancement of two law amendments intended to tackle hybrid mismatch arrangements and excessive interest deductions. These  changes will impact multinational groups in particular.

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Tags: AML, UK

VAT on Cross-Border Transactions Within the EU

Posted by Pearse Trust on Monday, Jan 30, 2017

Common EU VAT law applies to all countries in the EU but each country can adapt these and set their own VAT policy. The place of supply determines where VAT is charged and hence what rate of VAT is applied.

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Tags: EU, VAT

Digital Document Signing - A UK Perspective

Posted by Pearse Trust on Wednesday, Jan 25, 2017

As Companies continue to move away from physical documents and towards digital solutions, digital document signing has become a more popular option.

There are a number of different digital signing techniques and software available to individuals and Companies alike.

In this blog we will focus on how legislation in the UK has adapted, to allow for and regulate a modern Company’s needs.

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Tags: Legal, compliance, UK

Outsourcing Your Company Secretarial Function in Northern Ireland

Posted by Pearse Trust on Monday, Jan 23, 2017

Although the Companies Act 2006 removed the requirement for private companies in the UK to formally appoint a company secretary, the duties, obligations and various tasks previously undertaken by the company secretary still exist. Given this, it is common for large companies to appoint an in-house chartered secretary to fulfil the role. However many small and medium size enterprises (SMEs) are unable to employ a chartered secretary due to the high cost involved. For such companies it can often be more cost effective and practical to engage a company secretarial service provider to undertake the tasks as and when required.

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Tags: Ireland, Corporate Governance, compliance