Thinking about rebranding or updating your business identity? Understanding how to change company name in Ireland is essential for a smooth switch.
The process involves legal steps, including passing a resolution, updating the constitution, and notifying the CRO.
In this guide, we will walk you through everything you need to know to complete the name change efficiently and stay compliant.
Let’s start!
How to Change Company Name in Ireland?
There are various steps involved in changing company names in Ireland.
1. Shareholders pass a special resolution
To proceed with a company name change, at least 75% of shareholders must approve a special resolution. This can be done either through a formal meeting or by notifying the directors in writing.
The resolution ensures that all stakeholders are in agreement before proceeding with legal amendments. Once passed, it serves as the official decision to initiate the name change process.
2. Directors amend the constitution
After the resolution is approved, the company’s constitution must be updated to reflect the new name. Directors are responsible for verifying the availability of the chosen name and may need to reserve it before submitting legal documents.
This step ensures that the company operates under its new identity without conflicts. Updating the constitution is crucial for compliance with Irish corporate regulations.
3. Directors notify the CRO
The directors must inform the Companies Registration Office (CRO) of the name change by submitting Form G1Q within 15 days of the resolution. The updated constitution must also be filed alongside the required signature pages.
This final step ensures that the new company name is legally recognised, allowing businesses to proceed with rebranding and official updates.
4. CRO update registrar and directors notify stakeholders
Once Form G1Q is submitted, the CRO reviews and processes the application, ensuring all documents meet the necessary legal requirements. Within 2-3 days, the Registrar updates the company records and issues a Certificate of Change of Name.
Directors must then arrange for a new Company Seal and inform all relevant stakeholders, including banks, suppliers, customers, and the Revenue Commissioners. This ensures a smooth switch and compliance with official business regulations.
What Are The Key Requirements After Changing Your Company Name?
Once you have understood how to change company name in Ireland, you need to learn some key requirements after you have changed your company name:
Digital certificates of change of company name
Once the company name change is registered, a digitally certified certificate is issued. This document is sent as a PDF to the registered company email and can be shared with banks and financial institutions as proof of the name change.
Display of company name
Businesses must clearly display their company name outside their office or any place where business activities occur, even if operated from a director’s home. The name should be visible, legible, and also included on official documents such as letterheads, invoices, and order forms.
Company seal
A company is required to have its name engraved on an official seal used for stamping legal documents. The responsibility for protecting the seal is often assigned to the company secretary to ensure proper handling.
Exemption from company name including company type
Certain company types, such as Designated Activity Companies and Companies Limited by Guarantee, may be eligible for an exemption from including the company type in their name. However, this is granted only in specific circumstances.
Conclusion
Changing your company name in Ireland involves several key steps, from passing a special resolution and amending the constitution to notifying the Companies Registration Office (CRO) and updating stakeholders. Ensuring compliance with legal requirements is crucial to avoid delays or complications. By following the correct process, businesses can smoothly switch to their new identity.
If you’re looking for expert assistance with your company name change, Peak Accounting is here to help. Our team ensures a smooth, hassle-free process, handling all legal formalities on your behalf. Contact Peak Accounting today to get started and make your company name change simple and stress-free!
FAQs
How to change company name in Ireland?
To change your company name in Ireland, you must pass a special resolution, amend the company’s constitution, and file Form G1Q with the Companies Registration Office (CRO).
How long does it take to change a company name in Ireland?
The process typically takes about 15 days after submitting the necessary documents to the CRO. However, processing times can vary.
Do I need to notify stakeholders after changing my company name?
Yes, it’s essential to inform all relevant parties, including clients, suppliers, banks, and government agencies, about the name change to ensure continuity in business operations.
Can I reserve a new company name before officially changing it?
Yes, you can reserve a company name with the CRO to ensure it’s available before proceeding with the name change process.
How can Peak Accounting assist with changing my company name?
At Peak Accounting, we handle the entire name change process, from preparing necessary documents to liaising with the CRO, ensuring a smooth switch.
What makes Peak Accounting’s service efficient?
Our experienced team streamlines the name change procedure, reducing processing times and minimising disruptions to your business operations.
