EEA Resident Director
An Irish company must have one European Economic Area (EEA) resident director, it is an offence not to do so.
Where there is none 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.
On the 31st January 2020 the UK left the European Economic Area (EEA). 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.