Does an Australian company have to have an Australian director?

Does an Australian company have to have an Australian director?

Proprietary companies A proprietary company must have at least one director. That director must live in Australia. If the company has crowd-sourced funded shareholders, it must have at least two directors.

Who can be the director?

Only an Individual (living person) can be appointed as a Director of a Company. A body corporate or a business entity cannot be appointed as a Director of a Company. A company can, however, have a maximum of fifteen Directors and it can be increased further by passing a special resolution.

Do you have to be an Australian resident to be a director of a company?

This is the resident director requirement. For private companies with more than one director, a majority of these directors must be an Australian resident. For public companies, there needs to be a minimum of three directors and a company secretary. At least two of these directors needs to live in Australia.

Who are the directors of a public company in Australia?

Public companies. A public company must have at least three directors (not counting alternate directors). At least two of the directors must live in Australia. A public company must also have at least one secretary.

Can a permanent resident / non-citizen be a company director?

A non-citizen is someone who does not possess a valid Australian visa or Australian citizenship. Companies cannot form with only one non-citizen director because of the resident director requirement. Non-citizen directors need to make sure that there is at least one other resident director on the board before they can be appointed a director.

How many officeholders does a company need in Australia?

A company needs to have a minimum number of directors and secretaries. What if my company does not have enough officeholders? A proprietary company must have at least one director. That director must live in Australia. If the company has crowd-sourced funded shareholders, it must have at least two directors.

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