Can a company be formed without an Irish resident director?
It is possible to form a company in Ireland without an Irish resident director. Under the Companies Act 2014, the requirement to form an Irish company is that it appoints at least one EEA (European Economic Area) resident director. However, the nationality of a potential director will not influence this requirement.
Who are the directors of a company in Ireland?
In addition to company law issues around the acquiring from or disposing of assets to a company, there are tax implications that need to be considered before entering such transactions. Within the owner managed sector in Ireland, in many cases the company shareholders are also directors of the company.
What are the restrictions on directors in Ireland?
The company must have an allotted share capital of nominal value not less than EUR500,000 in the case of a public limited company, or EUR100,000 in the case of any other company. All shares must be fully paid up. The restriction is an expensive consequence for a director who finds themselves in this situation.
Where can I find an Irish resident director?
Company Bureau can provide or source an Irish resident Director for your new company formation. A suitable Irish Resident Director or Directors can be appointed to the board of your Irish Registered Company depending on the business needs.
Who is the director of an Irish company?
Companies Registration Office have previously alerted service providers to the fact that under Irish company law an Irish registered company must have at least one European Economic Area (EEA) resident Director on the board on an ongoing basis or a bond in place to cover filing liabilities.
It is possible to form a company in Ireland without an Irish resident director. Under the Companies Act 2014, the requirement to form an Irish company is that it appoints at least one EEA (European Economic Area) resident director. However, the nationality of a potential director will not influence this requirement.
Do you have to be an Irish citizen to have a company in Ireland?
No, company directors do not need to be resident in Ireland. However, there is a requirement for at least one of the company directors to be EEA (European Economic Area) resident. Can you have a single director company in Ireland? Currently an Irish company registration requires just one director, with a separate person acting as Company Secretary.
Can a director of an Irish company hold a bond?
It is possible for the Directors of an Irish Company who have no EEA-resident directors to apply to the Revenue Commissioners for a Statement under Section 140 of the Companies Act 2014 which, if granted, will relieve the company from the requirement to hold a Bond or to have an EEA-resident director.