Are you a resident in a non-EEA country but you want to set up a company in Ireland? Are you attracted to what Ireland has to offer – tax incentives, access to talent and the European Union, and much more?

Setting up a company in Ireland requires at least one EEA-resident director, a separate company secretary, an Irish address, and share capital. If none of the directors is resident in an EEA country, then the company needs to purchase a Section 137 bond.

Our guide will give you all the information you need about setting up an Irish company as a non-EEA resident director.

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Can I be a non-resident director in Ireland?

Yes, if you are a non-EEA resident, you can become a director in Ireland. Note that to set up a company as a non-resident, you must meet certain conditions and directors of Irish companies must pay tax in Ireland.

These conditions apply even if you are a citizen of the EEA who is living outside of the EEA. The rules apply to where you live, not your citizenship.

What Is A Section 137 Bond For Non-EEA Resident Directors?

A Section 137 bond is a type of bond that acts as an insurance guarantee for any liabilities a company may incur while a non-EEA resident is a director in Ireland.

The bond secures the company against certain breaches of the Companies Acts and Taxes Acts for a period of 2 years. The bond for non-EEA resident directors holds a value of €25,000 but note that it doesn’t usually cost that much to secure one. With Accountant Online, we can take care of all the paperwork on your behalf with our Bond for Non-EEA Resident Directors service.

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Setting up a company in Ireland from UK

  • UK residents starting a business in Ireland

    If you’re a UK resident, you can incorporate a company in Ireland, however, if all the directors intend to live in the UK or in a non-EEA country, then you will need to have a Section 137 bond. Note that these rules also apply to companies set up in Northern Ireland.

  • Established company in Ireland with only UK directors

    If you already have a business in Ireland but because of the new Brexit rules, you only have only UK directors, you can apply for a certificate from the CRO to be exempt from this requirement. You’ll also need a letter from Revenue stating that your company has a “real and continuous link” with one or more economic activities in Ireland.

Frequently Asked Questions

How long does it take to set up a company in Ireland as a non-EEA resident director?

It can take up to 3 weeks to set up a company in Ireland as a non-EEA resident director. The process involves securing the Section 137 Bond from a financial institution so it can cause certain delays.

Setting up a company in Ireland involves several requirements and it is important that these criteria are met before you submit the new company application to the Companies Registration Office (CRO). Many of our clients have outsourced the company formation process to our team of professionals and availed of our Non-EU/EEA Company Formation Package for expert guidance.

What are the tax obligations for non-EEA resident directors?

Non-EEA resident directors are subject to the same tax obligations as Irish resident directors, including registering for taxes and complying with Irish tax laws.

Can a non-EEA resident be the sole director of an Irish company?

Yes, a non-EEA resident can be the sole director of an Irish company. However, they must comply with all the legal requirements for setting up a company in Ireland. This includes having a separate company secretary, an Irish regsitered office and business address, and have at least one shareholder with share capital.

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