Ireland Members Voluntary Winding Up
A Members Voluntary Liquidation is a process used to wind up solvent Irish companies that have ceased trading or are dormant.
With a Members Voluntary Liquidation overdue accounts and annual returns are not required to be filed.
Members Voluntary Winding Up requires a declaration of solvency and a special resolution to be submitted.
The majority of the directors sign the declaration which states that they are of the opinion that the company will be able to pay its debts in full within a period not exceeding 12 months from the commencement of the winding up.
The members must pass a special resolution to wind up and appoint a liquidator and the resolution to wind up must be advertised in Irish State gazette.
| Ireland Company Dissolution | £800 |
| Company Search | £80 |
| Due Diligence – per Director & Shareholder | £80 |
Statutory requirements
All outstanding annual returns have been filed by the company before the request for strike-off is made and relevant fees and any applicable late filing penalties in respect of such filings have been paid.
A special resolution must be passed, resolving to apply to the Registrar for the company to be struck off the register on the ground that it has never carried on business or has ceased to carry on business and has also resolved that pending the determination of its application to be struck off, that the company will not carry on any business or incur any liabilities.
Dissolution
Three months after the date of the published CRO Gazette notice the company is deemed to be dissolved.
Ireland Members Voluntary Liquidation
A Members Voluntary Liquidation is a process used to wind up solvent Irish companies that have ceased trading or are dormant. If your company selects Members Voluntary Liquidation option for dissolution overdue accounts and annual returns are not required.
The Members Voluntary Liquidation route can be done even when annual returns are overdue. Accounts would not be required in this instance.
Members voluntary liquidation is initiated by the shareholders and there is no creditor involvement. A Declaration of Solvency must be signed by the directors stating that the company can pay any remaining debts in full within 12 months. The company is dissolved within 3 months following the published notice in the CRO Gazette.
To start the process and to enable us to give a precise quote we require copies of the company documents, please upload: Company Documents
We will then inspect the file at the Companies Registration Office.