At Azets we advise on all types of corporate governance and compliance matters, whether routine or complex, with a commitment that our level of service will be the same for any organisation, irrespective of size. Our practical and solutions-focused approach ensures that the legal requirements are clearly set out and all options are fully explained.

Our corporate governance and compliance department is there to provide peace of mind to the directors and members by our commitment to deliver:

  • A cost-effective and a solutions-focused service that avoids legal jargon.
  • Access to expert company law advice.
  • Security in the knowledge that your company is fully compliant with the requirements of the Companies Act 2014.

We are ready to help

With 230 colleagues and 4 offices in Dublin, Enniscorthy and Waterford, Azets is part of a team of 7,500 talented, smart people across our international office network. Offering a personal, local approach to supporting Irish businesses, if you’re looking for peace of mind, expert advice and more time, we’re ready to help.


View Profile

Sorry there are no results.

Our Corporate Governance Services

  • Change in registered office
  • Change in directors or company secretary and their details
  • Change of company name
  • Change of Company Constitution
  • Allotment
  • Transfer
  • Redemption and buy-back
  • Subdivision and conversion
  • Increase in authorised share capital
  • Set up new share class and rights to shares
  • Share for share exchange
  • Share for undertaking
  • Golden share and group structures
  • Summary Approval Procedure
  • Execution of tax planning
  • Conversion of companies/re-registration
  • Voluntary strike off
  • Administration restoration
  • High Court restoration

Members Voluntary Liquidation (“MVL”) is a process used to wind up a company that is solvent in accordance with the Companies Act 2014.

Types of Companies entering the process

There may be companies that have cash or assets in them that they wish to extract from the company, in the most official way from a legal and tax perspective. These often come in the form of fund companies where they were set up for a specific purpose, e.g. Special Purpose Vehicle or shareholders of a family owed business seeking retirement.

The MVL Process

The MVL process is a formal process that seeks the appoint­ment of a liquidator to a solvent company in order to wind the company up and distribute the assets, (be it cash or other) to the shareholder of the company.

To place the company into an MVL, the following is required:

  • Director’s meeting;
  • Independent accountants Report;
  • Shareholder meeting resolving to place the company into liquidation.

Once appointed, the liquidator will write to all parties affected by the liquidation, pay any accruals, seek Revenue clearance and distribute the balance of funds or physical assets to the shareholder. It is important that all tax returns and liabilities are filed and discharged up to the date the liquidator is appointed.

This is a straight forward process that leaves the final matters of the company for the liquidator to deal with taking the stress away from directors and shareholders.

Watch our 2-part video that explains the MVL process below. 

Part 1: 

Part 2:

Key Advantage

What is a key advantage of an MVL?

This can be a tax efficient way for shareholders’ to extract funds from a company on cessation of trade as a capital gain on shareholders’ funds will be subject to Capital Gains Tax.

Where such funds are taken out as salary or dividend pre-liquidation, these monies would have been taxed at the shareholders marginal income tax rates.


It is important to obtain tax planning advice prior to any cessation of trade or liquidation to ensure that tax costs can be minimised and the return to shareholders maximised.

How can we help?

If you feel this is an option you would like to explore more for your company or perhaps you are a fund manager seeking to conclude the life of the Company in accordance with the Companies Act 2014 or with the Central Bank, please give us a call today to discuss your options.

Our experts can guide you through the process and assist with the pre liquidation considerations and documentation. Post liquidation, we can also act as liquidator and take a number of matters out of your hands to be dealt with as part of the process.


Get in touch

Whether you know what you need or just want to explore your options, we're here to help.