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.