How to Close a Company in Ireland
Whether you need a simple strike-off or formal liquidation, we guide you through every step of closing your company properly and compliantly.
How Do You Close a Company in Ireland?
Closing a company in Ireland involves three main methods: voluntary strike-off (for solvent companies with assets under €150k), voluntary liquidation (for companies with significant assets or liabilities), or compulsory liquidation (for insolvent companies). The process requires settling all debts, filing final tax returns, notifying creditors, and applying to the CRO. Costs range from €250 (strike-off) to €3,000+ (liquidation).
Good Company Group manages all company closure processes including CRO strike-off applications (Form H10), members' voluntary liquidation (MVL), creditors' voluntary liquidation (CVL), final Corporation Tax returns, VAT deregistration, PAYE/PRSI closure, director declaration of solvency, creditor notifications, and asset distribution. We ensure full compliance with the Companies Act 2014 and Irish Revenue requirements.
Company Closure Methods Comparison
Compare strike-off, MVL, and CVL to choose the right closure method for your situation.
| Feature | Strike-Off Cheapest & fastest | MVL (Solvent) Tax efficient | CVL (Insolvent) Cannot pay debts |
|---|---|---|---|
| Cost | €250-€500 | €3,000-€5,000 | €5,000-€10,000 |
| Timeline | 3-4 months | 6-9 months | 9-18 months |
| Company Status | Solvent only | Solvent only | Insolvent |
| Asset Limit | <€150,000 | No limit | N/A |
| Liquidator Required | |||
| CGT Rate on Distribution | N/A | 10% (if qualify) | N/A |
| Director Liability | Low | Very low | Potential personal liability |
| Creditor Protection | Limited | Full | Full |
| Suitable If | Dormant, no assets | Assets to distribute | Cannot pay debts |
| Reversal Possible | Yes (within 2 years) | No | No |
| CRO Publication Required | |||
| Revenue Clearance Needed | |||
| Best For | Small dormant companies | Distributing profits tax-efficiently | Insolvent companies |
Strike-Off
Cheapest & fastest
MVL (Solvent)
Tax efficient
CVL (Insolvent)
Cannot pay debts
Choose the Right Closure Method
The best way to close your company depends on its financial position and whether you have assets to distribute.
Voluntary Strike-Off
The simplest way to close a solvent company with no assets or liabilities.
- No assets or debts
- Tax affairs up to date
- 3-6 month process
- Lowest cost option
Best for: Dormant or inactive companies
Learn moreMembers Voluntary Liquidation
For solvent companies with assets to distribute to shareholders.
- Assets to distribute
- Solvent company
- Requires liquidator
- Tax-efficient distributions
Best for: Companies with retained profits
Learn moreCreditors Voluntary Liquidation
For insolvent companies that cannot pay their debts.
- Cannot pay debts
- Formal insolvency
- Licensed insolvency practitioner
- Creditor protection
Best for: Insolvent companies
Learn moreThe Company Closure Process
We handle the complexity so you can focus on your next chapter.
Initial Consultation
We assess your situation and recommend the best closure route.
Prepare Accounts
Final accounts prepared and all tax returns filed with Revenue.
CRO Filing
Submit Form H15 for strike-off or commence liquidation process.
Advertising Period
Mandatory notice period for creditors and interested parties.
Final Dissolution
Company removed from CRO register and officially closed.
Important: Director Obligations
Directors remain personally responsible for ensuring proper closure. Failure to follow correct procedures can result in personal liability, fines, or being restricted from acting as a director. Always seek professional advice before closing a company.
Frequently Asked Questions
Common questions about closing a company in Ireland.
Need Help Closing Your Company?
Get expert guidance on the best way to close your company. Free initial consultation to assess your situation and recommend the right approach.