COMPANIES ACT 1963 - SECT 176 Prohibition of corporate being director.

176.—(1) A company shall not, after the expiration of 3 months from the operative date, have as director of the company a body corporate.

(2) A body corporate which, on the operative date is a director of a company shall within a period of 3 months from that date vacate its office as director of the company, and all acts or things purporting to be made or done after the expiration of that period, by a body corporate as director of any company shall be null and void.

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  • 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%.
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