EEA Resident Director

An Irish company must have one European Economic Area  resident director.

Where there is no EEA Director a bond can be put in place, valid for two years.

The bond  will insure your Irish company up to €25,000 in the event of failure to pay any fines or offences under the Companies Act 2014, or penalty imposed by the Tax Authorities and Revenue Commissioners.

Companies which have only UK resident directors will be required to have an EEA-resident director.            

Alternative to to Bond

If the company has a real and continuous link with Ireland the Registrar of Companies can issue a certificate which will exempt the company from the need for a bond. The application will need to be accompanied by a statement from the Revenue commissioners.