Privacy is often important to individuals and they may often not want to be seen as the registered shareholder. There a many reasons why they may require a shareholder to be held on their behalf.
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Every company is required to have a registered office address in the Republic of Ireland. Foreign companies or people that may not have a fixed business address may require a registered office address.
Every company is required to comply with the Companies Act and on an annual basis prepare and file financial statements and hold an AGM. Typically this is a service provided to companies by the Company Secretarial Advisors such as CLS Chartered Secretaries or the accountant or solicitors.
One of the most significant changes in the Companies Act 2014 was the introduction of a sole director company. This recognized the difficult position that companies had to appoint a second director who may play a very small or no role in the running of the company but are required to company with the Companies Act.