Bond for Non-EEA Resident
Directors in Ireland

We help Irish and international businesses arrange Section 137 Bonds and meet Ireland's resident director requirements.

RICHARD OSHEA CONSULTANCY

Setting Up Without an EEA Director?

Irish company law generally requires every Irish company to have at least one director resident in the European Economic Area (EEA).

If your company doesn’t have an EEA-resident director, you’ll usually need either a Section 137 Bond or, where eligible, a Section 140 Certificate.

We advise on the right option, arrange Section 137 Bonds, handle the necessary filings, and help keep your company compliant.

Whether you’re forming a new company or replacing your last EEA-resident director, we’ll guide you through the process from start to finish.

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OVERVIEW

What is a Section 137 Bond?

A Section 137 Bond is a statutory insurance bond required for certain Irish companies that do not have at least one director resident in the European Economic Area (EEA).

The bond provides financial cover of up to €25,000 against certain fines and penalties specified under Irish company and tax legislation.

It is valid for two years and must generally be renewed if the company continues to operate without an EEA-resident director.

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What's Included

How we can help

We help Irish and international businesses arrange Section 137 Bonds, complete the required CRO filings, and stay compliant with Ireland's resident director requirements.

Section 137 Bond arrangement

We work with approved insurance providers to arrange your Section 137 Bond efficiently and help you obtain the most appropriate solution for your company's circumstances.

Compliance advice

We explain your ongoing obligations, how the resident director requirement applies to your business, and the circumstances in which the bond is required or may no longer be necessary.

CRO filing and documentation

Once the bond has been issued, we assist with the required documentation and filings so your company's records accurately reflect its compliance position.

Advice on alternative options

A Section 137 Bond isn't always the only solution. Where appropriate, we'll advise whether appointing an EEA-resident director or applying for a Section 140 Certificate may be a more suitable long-term option. Our objective is to help you choose the solution that best fits your business.

Renewal management

Section 137 Bonds are generally valid for two years. We monitor renewal dates and help ensure your bond is renewed on time where required, reducing the risk of accidental non-compliance.
WHO WE HELP

Who is this service for

Real feedback from business owners we've worked with.

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Companies Without an EEA Director

If your Irish company does not have at least one director resident in the EEA, you'll generally need a Section 137 Bond unless you qualify for a Section 140 exemption. The requirement is based on a director's residency, not their nationality.

Director Has Left

If your company's only EEA-resident director resigns or no longer meets the residency requirement, you should review your position promptly. You may need a Section 137 Bond or another qualifying exemption to remain compliant.

Overseas Business Owners

If you're an overseas founder, investor, or business setting up an Irish company without an EEA-resident director, a Section 137 Bond may be required as part of the incorporation process.

CRO Compliance Notice

If you've been contacted by the Companies Registration Office (CRO) about the resident director requirement, we can assess your position, arrange the bond if required, and assist with the necessary filings.
your proactive accountant

Meet Richard OShea

Richard OShea is a Chartered Accountant and Chartered Tax Adviser based in Cork, advising Irish businesses, international companies, overseas investors, and non-resident founders establishing operations in Ireland.

We regularly assist clients with Section 137 Bond arrangements as part of company formation, company secretarial services, and ongoing corporate compliance, providing one experienced adviser throughout the process.

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Richard OShea – Chartered Accountant in Cork
CLIENT FEEDBACK

Trusted by businesses across Ireland

Real feedback from business owners we've worked with.

NEED TO KNOW

Frequently asked questions

Clear answers to common questions from business owners considering this service.

A Section 137 Bond is generally valid for two years.

If your company continues to operate without an EEA-resident director after that period, the bond will usually need to be renewed unless another exemption applies.

Possibly. A company may satisfy the resident director requirement by appointing an EEA-resident director or, where eligible, by obtaining a Section 140 Certificate.

We'll advise which option is most suitable for your company's circumstances.

The cost varies depending on the insurance provider and your company's circumstances.

We obtain quotations from approved providers and explain the costs before any commitment is made.

If a company is required to have a Section 137 Bond (or another qualifying exemption) but does not, it may not comply with the resident director requirements under the Companies Act 2014.

The bond provides financial cover of up to €25,000 in respect of certain fines and penalties specified under the legislation.

If your company is currently without the required bond, we can help you resolve the position as quickly as possible.

No. The requirement generally applies only where an Irish company does not have at least one director resident in the EEA and does not qualify for a Section 140 exemption.

Many Irish companies satisfy the requirement simply by appointing an eligible EEA-resident director.

For the purposes of the resident director requirement, the European Economic Area (EEA) includes all European Union member states, together with Iceland, Liechtenstein and Norway.

Following Brexit, the United Kingdom is no longer part of the EEA for these purposes.

Yes. Whether your company is newly incorporated or has been trading for several years, we can advise whether a Section 137 Bond is required and assist with arranging it where appropriate.

get started

Ready keep your Irish company compliant?

Book a free 15-minute discovery call. Whether you're establishing a new Irish company, expanding your overseas business into Ireland, or reviewing your company's resident director requirements, we're here to help.

Book a Discovery Call