The 100% Redress Party has been given notice from the Registrar of Political Parties of its intention to approve its application to become a registered political party.
The decision by the chief executive of the Electoral Commission, Art O'Leary, means the party will be eligible to stand candidates in Dáil and local elections.
The party's registration will become effective following a 21-day appeal period, or following the outcome of any such appeal.
The establishment of the party follows campaigns to secure 100 per cent redress for people whose properties have been impacted by defective building materials caused by excess levels of Mica.
The issue has most notably affected homes in the northwest of the country, particularly in Co Donegal.
In order to register for local and national elections, a prospective party must supply the Registrar of Political Parties with proof that it has at least 300 recorded members over 18, at least half of whom must be registered to vote.
The prospective party can also meet the criteria for registration by having one TD or MEP at the time of registration.
