Non-resident director bonds in Ireland: stay compliant without an EEA director
Irish law says every company needs a director who lives in the EEA. If yours doesn't have one, a Section 137 bond lets the company carry on without it. The bond must be in a strict legal form, issued by an authorised insurer and filed with the CRO at the right moment. We arrange the bond and lodge it, and we'll remind you before it needs renewing.
Non-Resident Director Bond
Three moments a bond comes into play
When you incorporate
If the new company has no EEA-resident director, the bond goes to the CRO with the incorporation form (Form A1), marked "Bond Enclosed".
When your EEA director leaves
If the only EEA-resident director resigns, the bond is lodged with the Form B10 that records the resignation.
When it expires
If you still have no EEA director when the bond ends, a replacement bond must be in place so there's no gap.
Four rules every bond must meet
These come from section 137 and the Companies Act 2014 (Bonding) Order 2015.
When does your bond need renewing?
Enter the date your bond starts. Nothing is stored or sent.
What the bond does, and doesn't do
It covers
- Fines and penalties the company fails to pay under the Companies Act 2014 or the Taxes Consolidation Act 1997
- Payment to a person nominated by the Registrar or Revenue, up to €25,000
It doesn't
- Replace a director. It only excuses the company from having an EEA one
- Count if the wording differs from the prescribed form
- Make an EEA-passport holder living abroad "resident". Residency is about where they live
Choose your bond package
Fixed fees, agreed before we start. Ask us for a quote for your company.
Standard 2-year bond
For an existing company that needs a bond issued and lodged.
- €25,000 insurance bond certificate
- Two years of statutory validity
- Lodged with the CRO on CORE
- Underwriter fee included
- Company formation
- Annual secretarial compliance audit
Non-resident start-up and bond bundle
Everything for a new company with no EEA director.
- €25,000 insurance bond certificate
- Two years of statutory validity
- Lodged with the CRO on CORE
- Underwriter fee included
- Complete company incorporation
- Annual secretarial compliance audit
Section 137 bond questions
What happens if we don't have a bond or an EEA director?
Does an alternate director count?
Is the bond refundable?
Do I get the bond before the company is incorporated?
Need a Section 137 bond?
Tell us your company name and when the bond is needed. We'll get it arranged and filed.
General information only, not legal advice. Sources: Companies Act 2014 section 137, the Companies Act 2014 (Bonding) Order 2015 (S.I. 215 of 2015) and CRO Information Leaflet 17.
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