STAFF problems at the Companies Registration Office have resulted in a two-week delay in processing new company registrations, the Irish Independent has learned.
a businessman who contacted the Irish Independent found that his agent was attempting to register a new company on his behalf.
However, the registration of this company has been delayed. The representative told the businessman that the Companies Registration Office (CRO) had not incorporated new companies for a week due to staffing issues and was only registering companies whose paperwork was submitted at the end of June.
This has resulted in a two-week backlog.
The businessman said he was frustrated by the delay as he was ready to create a number of new jobs in his area.
Without the completed CRO documents, he cannot open a new bank account for the company and the waiting time for a meeting to open the business account at his bank is three weeks. The processing time for opening the account after submitting the application is between 15 and 25 working days, which aggravates the general delay in starting his new business.
The Department for Enterprise, Trade and Employment, under whose auspices the CRO operates, confirmed delays, blaming a combination of multiple applications, planned annual leave and sick leave.
At a CRO stakeholder meeting earlier this year, attendees were told that there was a major staff shortage at the CRO office in Carlow.
That deficiency has impacted its operational capacity, particularly its ability to process annual tax returns, the meeting said.
“Enormous staff turnover at Carlow has not helped this situation and a real difficulty in recruiting has meant that replacement staff have been very difficult to come by,” the meeting was told. “There are currently requests for staff in both the Carlow and Dublin offices who would do a lot to address these resource issues and improve the overall situation.”
However, staffing issues continue to keep the CRO from working effectively.
The activities of the CRO have been the focus of the last 12 months.
investigations of Irish Independent revealed that hundreds of fake companies had been set up at the CRO. According to experts, the fake companies could be used to commit fraud around the world, launder money and even evade sanctions.
The investigation also found that scammers were involved in stealing the identity of legitimate company directors in Ireland and using their details to register front companies.
A respected Dublin finance professional complained to the Office of the Director of Corporate Enforcement about his appointment as director of a number of fraudulent companies in Ireland without his knowledge or permission. He was forced to file documents with the CRO to correct the register after his name as a director was attached to a number of fake companies.
A woman in Co Kildare was also required to file papers with the CRO to have her name removed as a director of nearly 20 fake companies. Her name had been used without her permission or knowledge.
https://www.independent.ie/business/irish/companies-registration-office-staffing-issues-are-delaying-new-firm-registrations-41841095.html Staffing problems at the company registration office delay the registration of new companies