Bond Irish Director

Non EU Resident Director Bond

Directors of an Irish company can be of any nationality.  But at least one of the directors must be a resident in the European Union.

If there is no 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 supply certain information to the Revenue Commissioners