Voluntary
Strike-Off

What is a Voluntary Strike Off (VSO) in Ireland?

A Voluntary Strike Off (VSO) is an efficient and cost-effective way to close a company that is no longer trading and has no outstanding liabilities. This process allows directors to voluntarily wind down and ultimately close the Company.

How does your company qualify for a Voluntary Strike Off in Ireland?

To qualify for a VSO, your company must have ceased all trading or business activities and settled any outstanding debts or obligations. Additionally, it’s essential that the company’s filings with the CRO and Revenue Commissioners are fully up to date. Any unresolved matters with creditors, shareholders, or the Revenue could delay or prevent the strike-off process.

Voluntary Strike-Off in Ireland: A Guide to Closing Your Business

When deciding to close your business, it’s essential to understand the dissolution options available and ensure compliance with relevant legal requirements. Our experienced team can provide both technical and practical guidance on the best approach for your company.

Two Main Methods for Dissolving a Company in Ireland

In Ireland, there are two primary ways to dissolve or wind up a company:

1. Strike-Off

1. • Voluntary Strike-Off: This is an option for companies that are no longer trading and wish to remove themselves from the Companies Register.

   • Involuntary Strike-Off: This occurs when a company is removed from the register by the Companies Registration Office due to non-compliance or failure to file annual returns.

2. Liquidation

   • Members’ Voluntary Liquidation: Used when the company is solvent and the shareholders agree to close it.

   • Creditors’ Voluntary Liquidation: Used when the company is insolvent and can’t pay its debts, with creditors participating in the winding-up process.

   • Court-Ordered Liquidation: Initiated by court order, usually due to insolvency or other legal reasons.

Importance of Legal Compliance in Company Dissolution

It’s crucial to dissolve your company in full compliance with Ireland’s legal requirements. Failing to do so can lead to the appointment of a court liquidator, resulting in additional costs and potential negative publicity.

What documentation required to strike off a company in Ireland?

Submitting the correct documentation is critical. This includes a Form H15, signed by the company directors, confirming that the company has no remaining liabilities and has ceased operations. Additionally, a notification must be sent to the Irish Revenue to obtain a Letter of No Objection. Lastly, the company's intent to be struck off must be announced through a newspaper advertisement.

How We Can Help with Company Strike-Offs or Liquidation

At Nathan Trust, we handle every step of the Voluntary Strike Off process, from verifying your company’s eligibility to preparing and submitting all required documents on your behalf. With our expertise, you can close your company with confidence and peace of mind.

If you are closing down your Company, do not hesitate to contact us today to learn how we can make the process simple, compliant, and stress-free.