EEA residents automatically satisfy the resident director requirement, eliminating the need for a Section 137 Bond.
A company secretary must be appointed, but can be based anywhere in the world.
The registered office must be a physical address in Ireland, not a PO box.
Directors without an Irish PPS number need a Verified Identity Number (VIN).
Company management can be conducted remotely, but compliance obligations must be maintained through the Irish registered office - so long as there is always at least one director resident in the EEA at any given time.
Additional directors can be appointed from any location worldwide.
Shareholders owning more than 25% of the company require either a PPS number or VIN.
Frequently Asked Questions (FAQs)
Do I need to maintain a physical presence in Ireland to run my company?
While you don't need to be physically present in Ireland, you must maintain a registered office address there for official correspondence and comply with all filing requirements. You just need at least one director to be resident anywhere in the EEA at any given time.
Can I act as both director and company secretary?
You can serve as both director and company secretary but only if the company has at least two directors. Many companies choose to appoint a professional service provider in Ireland as company secretary.
What happens if I relocate outside the EEA?
If you move outside the EEA, you must either appoint another EEA-resident director or obtain a Section 137 Bond to maintain compliance with Irish law.
Can I appoint non-EEA residents as additional directors?
Yes, once you satisfy the EEA-resident director requirement, you can appoint additional directors from any location worldwide without requiring a Section 137 Bond.
Do I need a bond as an EEA resident?
No, as an EEA resident, you don't need a Section 137 Bond.
What happens if I move outside the EEA?
If you move outside the EEA, you must either:
Appoint another EEA-resident director, or
Obtain a Section 137 Non-Resident Director Bond
Can shareholders be from outside the EEA?
Yes, shareholders can be from anywhere in the world. However, shareholders owning more than 25% of the company will also need either a PPS number or VIN to file their details with the Central Register of Beneficial Ownership which is a legal requirement.
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