Under the Companies Act 2014, Irish companies are legally required to have at least one EEA-resident director. However, this does not apply to any company that holds a Section 137 Bond to the value of €25,000.
The bond secures the company against offenses under the Companies Act 2014. It also provides an exemption from the requirement of having an EEA-resident director.
Talk to me about whether you need a section 137 bond for your business today.