05 May Requirement for Irish Registered Companies to have an EEA resident director – response from Tánaiste
Section 137 of the Companies Act 2014 requires an Irish-registered company to have at least one EEA-resident director, which until the 31 December 2020 could include a UK (including NI) resident director. Following correspondence with the CRO, the Institute of Chartered Accountants in Ireland wrote to the Tánaiste Leo Varadkar to seek clarification on the impact (if any) that the Trade and Cooperation Agreement reached between the EU and UK has on this requirement, and whether NI resident directors in particular will be recognised as meeting this condition. In his response, the Tánaiste said that his Department has sought the legal opinion of the Office of the Attorney General and officials will be in contact with the CRO once the advice has been received and considered. Read his response here.