Can A Foreigner Hold Directorship Or Membership In A Private Company?

Is it possible for a foreign resident to serve as a director in a company? In most jurisdictions, a key requirement is that companies must have at least one resident director. This means that solely appointing non-citizen directors is generally not allowed. To clarify, non-citizen directors can be appointed, but only if there is at least one other director who meets the resident status criteria. This policy is typically in place to ensure that there is a local presence and accountability within the board of directors. Please note that these regulations may vary by country and are subject to change over time. (Information as of July 2, 2019)

Is it possible for a foreign individual to serve as a director of a US company? While foreigners are indeed permitted to hold director and shareholder positions within a US corporation, it’s crucial to note that actively assuming the role of an officer and carrying out official duties while physically present in the United States typically requires the appropriate work visa. This means that while you can maintain ownership and a directorial role within your corporation or LLC without a visa, conducting day-to-day business operations within the US without the appropriate work visa is generally not permitted by immigration regulations.

Is it possible for a foreign individual to serve as a director of a UK company? Yes, it is indeed possible. If you are a non-resident director of a UK-based company, it’s important to note that any income you earn from this role should be subject to taxation in the UK, and your wages will also be subject to UK wage tax withholding. This means that even if you’re not a UK resident, you will still be required to pay taxes on your income from your position as a director in the UK.