Non Resident Director Bond - EU Director

One of the directors of your Irish company must be a resident in the European Union. Where there is no director of the company who is resident in the EU a Non Resident Director Bond can be put in place.

We can arrange a bond as an alternative to having a resident EU Director and the bond can be arranged within a few days and the bond is valid for two years.

Bond as an alternative to a Resident EU Director

The Companies Act states that if an Irish Company does not have a European Resident Director, a Bond must be in place.

The Irish Registrar has the power to have a company struck off for not having a Resident EU Director or a bond.

The bond insures your Irish company for €25,000 and it’s purpose is to ensure that the company will complete the required filings at the Companies Registration Office and the Revenue Commissioners.

The Bond is used to pay:

  • Any fine imposed on the Company in respect of offences under the Companies Acts
  • Any penalty which the company has been held liable to pay under the Taxes Consolidation Act
  • Any fines for failure to supply certain information to the Revenue Commissioners
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Ireland Key Points
  • Only 2 to 3 days to incorporate.
  • Directors can be of any EU nationality.
  • Only 1 shareholder required.
  • 100% overseas shareholders allowed.
  • Equal treatment for domestic and foreign shareholders.
  • No obligation requiring Irish participation in the management of your company.
  • Share Capital requirement is only €100.
  • Exemption for 3 years from Corporation Tax if your taxable profits are less than €320,000.
  • Low Corporation Tax of 12.5%.
  • We are members of the Irish Companies Registration Office electronic filing scheme.
  • We provide you with full expert assistance throughout every step of the company formation process.