FAP Secretarial

FAP Secretarial is our company secretarial division and is geared to assist in managing and maintaining business from the incorporation of a company to the preparation of annual returns, processing of various changes in company structure and payroll services. We are experienced in establishing and maintaining corporate structures and developing innovative solutions.

We help companies of all types and sizes to fulfil their statutory obligations in an efficient manner. We are commercially minded and results orientated combining expert local knowledge. We offer access to expertise with partner involvement throughout the transaction. Lisa Whelton is on hand to work with our clients in terms of any queries in this area.

Irelands Central Register of Beneficial Ownership of Companies

In accordance with the 4th EU Anti-Money Laundering Directive (4AMLD), relevant entities (a corporate or other legal entity incorporated in the state and includes a company and other body corporate so incorporated) are required to obtain and hold adequate, accurate and current data with respect to their beneficial owners. On the 29 July 2019, the Register of Beneficial Ownership of Companies and Industrial and Provident Societies (RBO) site was launched and all relevant entities must now submit their beneficial ownership information through an online portal at www.rbo.gov.ie. This is the only method by which the information can be submitted; it is not possible to do so on paper, email or otherwise. Existing companies have until the 22nd November 2019 in which to submit information on their beneficial owners, and newly incorporated companies must do so within five months of incorporation. A relevant entity that:

  • fails to obtain and hold information on its beneficial owners;
  • fails to maintain its RBO; and
  • fails to include information on its beneficial owners in its RBO

commits an offence and is liable for a €5,000 fine on summary conviction and may also be liable to a fine not exceeding €500,000 if convicted on indictment. If you require any assistance in complying with the obligations as set out, then please do not hesitate to contact us by contacting our team.