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I will arrange for a section 137 bond for non eea directors
About this Gig
A Section 137 bond is required for Irish companies that do not have at least one director resident in the European Economic Area (EEA). This bond acts as a financial guarantee for a two-year period that ensures the company will meet its legal obligations, including paying any fines or penalties imposed by the Companies Registration Office (CRO) or Revenue Commissioners. Without an EEA-resident director, companies must place this bond to proceed with incorporation and remain compliant with Irish law. The bond costs approximately 1,300 for two years and is non-refundable. It provides peace of mind to authorities that the company will fulfil its responsibilities despite the absence of a local director.
Type of Business:
Other
Target country:
Ireland
Service type:
Compliance monitoring
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FAQ
Can I incoporate without a section 137 bond?
Yes, so long as there is at least one director resident in the EEA. If you do not intend to incorporate with an EEA resident director in place, the bond is required to be put in place in advance of incorporation.
