Select Page

Non-EEA Resident Directors Starting A Company in Ireland

 

 

  • In Ireland, if a person is a non-EEA resident, he can establish a business in Ireland.
  • As per Irish Law – Companies Act, to set up a company in Ireland, it needs to have at least one EEA-resident director. In case the single director isn’t a resident in an EEA state, then the company should have a Section 137 bond. TAS Consulting assists in the processing of drawing a bond in this situation.
  • This means it’s perfectly feasible for non-EEA resident directors to form a business in Ireland. Nonetheless, this is given that you execute all of the essential actions.

How can you Set up an Irish company with no EEA-resident director?

  • Be sure you have a minimum of one director, another company secretary, an Irish address, and share capital.
  • Secure a bond with a financial institution.
  • Complete a type A1 and constitution CORE.ie or through a business formation agent.
  • Submit the secured bond, type A1 and constitution into the Companies Registration Office.

Do I need a bond? If I am an EEA citizen but not a resident of EEA?

They are different from the rules for citizenship, here are two examples:

  • You’re an Irish citizen and you move into the USA for ten years. You haven’t returned to reside in Ireland, so you have not been resident for ten years. However, you remain a citizen of Ireland. In this example, you will have to procure a bond.

 

  • You are a Spanish citizen and you proceed to China for five decades. You’re a citizen of an EEA country, although not a resident. In this example, you will need to procure a bond.

What happened after Brexit? What rules apply to UK directors?

  • In case you are a UK resident and you also would like to prepare an Irish Limited Company, you’re still able to incorporate an organization. you’ll have to possess a non-EEA resident bond or an EEA resident director to be appointed alongside you personally.

 

  • If you are an established firm with just UK directors, you are able to submit an application for certification in the CRO to exempt from that condition. This certificate has to be accompanied by a letter from Revenue saying that your organization has a”real and continuous connection ” with one or more economic activities in Ireland.

What will happen if there is no bond?

  • Businesses which don’t have an EEA resident manager are guilty of an offense.
  • The Registrar of Companies can strike off (close down) a business if it does not comply with the Companies Act. Thus, it’s very important to stay compliant.

The Non-Resident Package:

We designed a special package for those who live outside Ireland. This package provides support and helps for non-resident directors.

This Package includes:

  • Certificate of incorporation
  • Company Constitution Compliant Act 2014
  • Free Company name check
  • Fast company formation service
  • Digital documents by email
  • CRO fee included
  • Corporation Tax Registration

If you’re interested in learning more about non-EEA resident director bonds, we have another page that describes everything you need to know about the Section 137 non-EEA resident director bond.

Our fee for our bond service is €2000 + VAT.

Still unsure about starting a company or business in Ireland? Talk to our Consultant by calling +353 1 4428230 or emailing moh@tasconsulting.ie today.

Why Choose TAS CONSULTING

Experience

Our Experienced group of TAS Consulting simplifies the procedure for our customers since they secure competitive and tailored conditions on their own behalf.

Qualified

We have a team of qualified staff with specialized knowledge of company formation services. We provide a high standard to all kinds of businesses. 

Trusted

TAS Consulting Limited is a reliable intermediary recognized and relied upon by Agents nationally as they supply the best terms and service to their clientele.

Contact us today

Phone: +353 1 44 28230

Mobile/WhatsApp +353 85 1477625


    Trading Address Same as Registered Office

    Small Business Cash Flow Management Tips

    Here are some suggestions to help you manage your cash flow, especially if you're having financial difficulties. How important is cash flow management in the business world? Cash flow is a powerful financial indicator that can reveal a lot. Being in good cash flow...

    Choosing Between an Irish Branch and a Private Limited Company

    With the growing amount of foreign companies wishing to establish a presence in Ireland, one recurrent concern is whether it is better to form a subsidiary or an branch company This brief article aims to highlight some of the fundamental differences between the two...

    Small Business Management Accounts in Ireland

    These reports are commonly used by small firms to evaluate their cash flow and the performance of specific business processes. Management accounts are frequently given to senior management at board meetings, financial institutions when applying for financing, and...

    Payroll service in Dublin, Ireland

    Employees are the most important resources for any organisation to function because they are the most important resources for the organisation to function. As a result, corporations devote the majority of their time to employees, such as recruitment, training, and...

    Annual Directors Returns

    Directors who possess more than 15% of an Irish Limited Company's share capital must file a director's income tax return. Whether you take money from the corporation or not, this is the fact. The director's tax return is a disclosure of a director's personal income,...

    In Ireland, how do you claim the Fisher Tax Credit and the Seafarers’ Allowance?

    The main cause for this is most likely a lack of knowledge about potential tax reliefs. They believe that getting their tax benefits will be too difficult and 'not worth it. When you think that you may save thousands of euros by claiming these tax reliefs, it's a...

    The government has announced additional support for Covid-affected businesses.

    The government has announced additional support for Covid-affected businesses. EWSS, CRSS, and Tax Debt Warehousing have all been updated. (EWSS) Employment Wage Subsidy SchemeLast Month, it was stated that the Employment Wage Subsidy Scheme (EWSS) would revert to its...

    How to Reduce Your Company’s Tax Obligation

    How to Reduce Your Company's Tax Obligation Protecting your company's assets is easier when you're completely incorporated. You can, for example, reduce your tax liability and save money each year. This also has a number of tax benefits, such as fewer tax audits and...

    The 5 most important accounting tips for small business

    One thing is certain. You'll have a better knowledge of your small business's strengths and shortcomings once you've mastered basic accounting and bookkeeping. You may even utilise excellent accounting and bookkeeping habits as a catapult to grow your small business...

    How to Liquidate an Irish Company

    How to Liquidate an Irish Company When a company is unable to continue trading and must shut down its operations, it is liquidated. This could be for a variety of reasons, but the most common reason is financial difficulties. In Ireland, there are three options for...