Company Director Requirements

Companies registered in Ireland require a minimum of one individual aged 18 or over to act in the capacity of company director, corporate directors are not allowed.

Section 137 of the Companies Act changes the requirement that at least one of the directors be resident in the EU.

Where there is no director of the company whom will be resident in the EU the alternative of a Non Resident Director Bond can be put in place.

The directors of a company are the officers who are appointed by the shareholders to manage the day to day affairs of the Company. No qualifications are required to become a company director.

The following may not become a company director:

  • Individuals with in excess of 25 directorships at any one given time
  • A Corporate Body like a limited company
  • A person convicted of an indictable offence under the Companies Act

Directors have an obligation to file with the Registrar of Companies a notification of any of the following:

  • Change in the constitution of the company
  • Change in the registered office address
  • Change of directors and/or secretaries and their particulars
  • Alterations in share capital
  • Annual returns
  • Mortgages and charges relating to company property
  • Resolutions passed by the company

Minimum Age for a Director

Companies registered in Ireland require a minimum of one individual aged 18 or over to act in the capacity of a company director ((Section 131, Companies Act 2014), at least one director must be a permanent resident within the EU.

Any appointment of a minor as a director is void and the minor ceases to have any power to act as a director.

The directors constitute the decision making body of a company known as the board of directors and are liable by law for a company's actions.

Prohibition of Minor being Director

No person shall be appointed a director or, in the case of an individual, secretary of a company unless he or she has attained the age if 18 years

    Any purported appointment of a minor as a director of a company shall be void, where:
  • A person appointed a director of a company before the commencement of subsection (1) has not attained the age of 18 years when the subsection is commenced; or
  • The office of director of a company is held otherwise by virtue of another office, and the person appointed to that other office has not attained the age of 18 years when subsection !1) is commenced, that person ceases to be a director of the company on the commencement of subsection (1) and the company shall make the necessary consequential alteration in its register of directors and shall notify the Registrar of Companies of the change.

Irish Company Order Irish Company Namecheck
Ireland Key Points
  • Only 2 to 3 days to incorporate.
  • Directors can be of any EU nationality.
  • Only 1 shareholder required.
  • 100% overseas shareholders allowed.
  • Equal treatment for domestic and foreign shareholders.
  • No obligation requiring Irish participation in the management of your company.
  • Share Capital requirement is only €100.
  • Exemption for 3 years from Corporation Tax if your taxable profits are less than €320,000.
  • Low Corporation Tax of 12.5%.
  • We are members of the Irish Companies Registration Office electronic filing scheme.
  • We provide you with full expert assistance throughout every step of the company formation process.