- Firstly you need to ensure it is not one of the 19 excluded activities companies listed in the Second Schedule to the 1999 Act. These are generally financially regulated companies.
- The turnover, number of employees and balance sheet total must be within pre-defined limits. These are €8.8m turnover, 50 employees and €4.4m for balance sheet total.
- The company must not be a parent or subsidiary company.
- The annual return for the current and prior year must have been delivered on time.