Jul 03 2009
IRISH RESIDENT DIRECTOR : CRO CHANGES
The Companies Amendment Bill 2009 has been passed through all stages of the Oireachtas. The entire Act will take effect as soon as it has been signed by the President.
Section 10 of the Act changes the requirement that at least one of the directors be resident in the State. For this purpose the “State” has been changed to “Member State of the EEA” (European Economic Area). The EEA is all of the EU plus Iceland, Norway and Liechtenstein.
That means that a company all of whose directors are resident in, say, the UK, will not require a bond or certificate of a real and continuous link with one or more activities in the State.
For more information visit:
http://www.cro.ie/ena/business-registration-company-officers.aspx