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Section 137 Bond For Non-EEA Resident Directors

Section 137 Bond For Non-EEA Resident Directors
Larissa Feeney
Larissa Feeney
CEO and Founder
Accountant Online

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.
 
Larissa Feeney
Larissa Feeney
CEO and Founder
Accountant Online
 
In 2015, I set up Accountant Online, an online accountancy firm that specialises in annual accounting services, bookkeeping, tax, and payroll services for micro and small companies in Ireland, Northern Ireland and the UK. Using my experience as a Fellow Chartered Accountant and entrepreneur, I lead my team to help Irish entrepreneurs set up and run their businesses. I have been shortlisted for the Image Businesswoman of the Year Award in 2017 and 2018 and awarded ‘Accountant of the Year’ in 2018 by the Irish Accountancy Awards. For the last several years, I have been acting as a role model for LEO Donegal’s Ambition programme and a Lead Entrepreneur for ACORNS and Going For Growth which are development programmes designed to support ambitious female entrepreneurs. I am a leader for Back For Business, a development programme assisting returned emigrants or those planning to return to start and develop a business in Ireland and I was recently elected Vice President of the Donegal Women in Business Network.

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