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.
For those residing outside the EEA, there are two options. Either you can purchase a bond, which insures the company against fines for any offences under the Companies Act, this bond would need to be renewed every 2 years. The other option would be for the Irish company to appoint a non-executive or “nominee” director to the board to satisfy residency requirement.
The duties of the secretary of a company shall, without derogating from the secretary’s statutory and other legal duties, be such duties as are delegated to the secretary, from time to time, by the board of directors of the Company”.
These duties entail:
Co-signing the annual return with one of the director(s) of the company
Maintaining the statutory registers of the company
Maintaining up to date minute books of meetings of the Board and the AGM
Ensure that all filings made in the Companies Registration Office
The company secretary does not have voting rights at board meetings and cannot make any board level decisions, unless the company secretary is also a director.
There are no official educational requirements for someone to act as Company Secretary, however, it is important to note that Irish company directors have a duty to ensure that the person they appoint has the skills or resources necessary to discharge his or her duties. As a result it is common for company directors to employ the services of a professional company secretarial firm to oversee this aspect of their company.
All companies registered in Ireland must register with an Irish address, P.O box addresses are not permitted. This registered address does not need to be your trading address.
The minimum issued share capital for an LTD company is €1. Authorised and issued share capital can be selected at the point of incorporation based on your preference. Our standard incorporation will have 100,000 authorised shares of €1 each, with €100 issued.
Your physical presence is not required in Ireland in order to incorporate a company. Signed application and identity documents can be sent by post in advance of your company setup.