Yes, a foreign person can be a director of a company in Australia, however they cannot be a sole director of an Australian company. Section 201A of the Corporations Act 2001 sets out the minimum number of directors, including the minimum number of Australian directors that a company must have.
Who can be an Australian company director?
Only an individual who is at least 18 years old can be a director. If a company has only 1 director, they must ordinarily reside in Australia. If a company has more than 1 director, at least 1 of the directors must ordinarily reside in Australia. A director must consent in writing to holding the position of director.
Can non residents be company directors?
Non-Citizens as Directors
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.
Can a director be a foreigner?
Foreign nationals can be appointed as foreign directors in addition to the local director. Any person who is 18 years + of age can act as a director.
Can foreigner own business in Australia?
If you are a foreign citizen and are looking to expand or start a new business in Australia, you need to have the right visa to do so. There are a number of visas you can apply for, so make sure you understand the criteria for each before applying.
Can a foreigner become a director or member in private company?
Foreign nationals are allowed to become Directors of an Indian Private Limited Company. The Board of Directors of the Indian Private Limited Company must have one Director who is both an Indian Citizen and Indian Resident. However, there is no requirement for the Indian Director to be a shareholder in the Company.
Can an Australian company director live overseas?
No. A proprietary limited company (as opposed to a public company) must have at least one director who ordinarily resides in Australia.