Financially troubled companies must prove there is a "reasonable prospect" for survival before the courts will appoint an examiner. This must be supported by a report by an independent accountant.

Companies with a turnover of less than £100,000, a balance sheet not exceeding £1.5 million and employing under 50 people do not have to file audited accounts.

Individuals establishing an Irish registered non-resident company must demonstrate it intends to carry out its business within the State.

Every IRNR company must have an Irish director or provide a £20,000 bond against failure to comply with Irish company and tax law.

Individuals are limited to holding a maximum of 25 directorship positions.

Companies will be struck-off for failure to make statutory annual returns or not registering with the Revenue Commissioners for tax purposes.