Non-EU Resident Director Bond
Company Directors of an Irish company can be of any nationality. but one of the directors must be a resident in the European Union.
If there is Non-EU Resident then a Bond can be put in place.
We can supply the application form for a Non-EU Resident Director Bond if required to ensure compliance under section 137 (1) of the Companies Act and the Companies Act, 2014 Bonding Order (2015). The bond can be arranged within a few days and is valid for two years.
Non-EU Resident Director
The Registrar of Companies has the power to have a company struck off for not having a EU Resident Director or a Non-EU Resident Director Bond.
The Irish Companies Act states that if an Irish Company does not have a EU Resident Director, a Non-EU Resident Director Bond must be in place.
The bond Insures your Irish company, its purpose is to ensure that the company will complete the required filings at the Companies Registration Office and the Revenue Commissioners.
Non Resident Director Bond is used to pay
- Fines imposed on the Company in respect of offences under the Companies Act
- Penalty which the company has been held liable to pay under the Taxes Consolidation Act
- Fines for failure to provide required information to the Revenue Commissioners
Company Formation Details
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