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Tag Archives: Houses of the Oireachtas

Cutting through the red tape for companies

The new Companies Bill passed in the Houses of the Oireachtas last week will ease the burden of red tape for Clare business people and simplify many existing company law requirements, according to local TD, Joe Carey. The Bill, which is the largest substantive piece of legislation in the history of the State, has now been sent to the President for signing. “The passing of the new Companies Bill through the Oireachtas is great news for entrepreneurs and business owners in County Clare as it will significantly ease the burden of red tape on small business,” said Mr Carey. It is estimated that 200,000 SMEs and 12,000 start-ups every year will be able to substantially reduce the costs and time associated with establishing and running a company, as a result of this Bill. “The vast majority of companies in Ireland are private companies limited by shares and for that reason they will be placed at the centre of the legislation. …

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