{"id":54222,"date":"2017-08-10T10:40:19","date_gmt":"2017-08-10T10:40:19","guid":{"rendered":"https:\/\/1office.co\/ireland\/product\/virtual-office-narva-mnt-5-10117-tallinn\/"},"modified":"2022-09-05T18:57:00","modified_gmt":"2022-09-05T18:57:00","slug":"bond-for-a-non-eea-resident-director","status":"publish","type":"product","link":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/","title":{"rendered":"Bond for a non-EEA resident director"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column]<div id=\"advanced-tabs-desc-wrap-1416\" class=\"ult_tabs product_tabs\" style=\" \" data-tabsstyle=\"style1\"\n data-titlebg=\"#ffffff\" data-titlecolor=\"#b6b8ba\" data-fullheight=\"off\"\n data-titlehoverbg=\"#ffffff\" data-titlehovercolor=\"#1d1e23\"\n data-rotatetabs=\"0\" data-responsivemode=\"Both\" data-animation=\"Slide\"\ndata-activetitle=\"#1d1e23\" data-activeicon=\"\" data-activebg=\"#ffffff\"  data-respmode=\"Tabs\" data-respwidth=\"400\" data-scroll = \"on\" data-activeindex=\"1\"><ul id=advanced-tabs-wrap-1107 class=\"ult_tabmenu style1 \" style=\"\"><li class=\"ult_tab_li  \" data-iconcolor=\"#74777b\" data-iconhover=\"#ffffff\" style=\"background-color:#ffffff;border-color:transparent;border-width:0px;border-style:solid;border-top-right-radius:8px;\">\n\t\t\t\t\t<a href=\"#1512642751410-8baea-301a\"  id=\"1512642751410-8baea-301a\"  style=\"color:#b6b8ba;; padding:15px; \" class=\"ult_a  \">\n\t\t\t\t\t     <span class=\"ult_tab_main Both \">\n\t\t\t\t\t \t\t <span class=\"ult_tab_section\">\n\t\t\t\t\t   \t\t\t<span  data-ultimate-target='#advanced-tabs-wrap-1107 .ult-span-text'  data-responsive-json-new='{\"font-size\":\"desktop:14px;\",\"line-height\":\"\"}'  class=\"ult-span-text no_icon ult_tab_display_text ult-responsive\" style=\"font-weight:bold;;\">DESCRIPTION<\/span>\n\t\t\t\t\t   \t\t<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/li><\/ul><div  data-ultimate-target='#advanced-tabs-desc-wrap-1416 .ult_tabcontent .ult_tab_min_contain  p'  data-responsive-json-new='{\"font-size\":\"\",\"line-height\":\"\"}' class=\"ult_tabcontent ult-responsive style1\" style=\"color:#74777b;\"><div class=\"ult_tab_min_contain \" >\n\t\t\t<div  class=\"ult_tabitemname\"  >\n\t\t\t\t[vc_column_text]The Companies Act states that if an Irish Company does not have at least one company director who is resident in the European Economic Area (EEA), a Bond must be taken out. It is important to note that this requirement pertains to residency and not citizenship. A company director who holds an EEA passport but resides outside of the EEA would also require a bond.<\/p>\n<p>&nbsp;<\/p>\n<p>A Revenue Bond insures the company for a sum of \u20ac25,000 and its purpose is to cover the following:<\/p>\n<ul>\n<li>Any fine imposed on the Company in respect of offences under the Companies Act 2014 e.g. failure to file Annual Returns and Audited Accounts on time.<\/li>\n<li>A fine for failure to supply certain information to the Revenue Commissioners \u2013 mainly information required on the Form CRO 11F.<\/li>\n<li>Any penalty which the company has been held liable to pay under S1071 or S1073 of the Taxes Consolidation Act 1997.<\/li>\n<li>Any expenses incurred in recovering the fines and penalties mentioned above<\/li>\n<\/ul>\n<p>The Non-EEA Resident Bond covers a period of 2 years and must be put in place at the incorporation stage or upon the removal of the EEA resident director of the company. The Bond acts like an insurance policy to cover the government for unpaid taxes or fines if the company leaves the jurisdiction.[\/vc_column_text]\n\t\t\t<\/div><\/div><\/div><\/div><div class=\"ult_acord advanced-tabs-desc-wrap-1416\">\n   <div class=\"ult-tabto-accordion \" style=\"width:;\"\n    data-titlecolor=\"#b6b8ba\"  data-titlebg=\"#ffffff\"\n     data-titlehoverbg=\"#ffffff\" data-titlehovercolor=\"#1d1e23\" data-animation=\"Slide\"\n     data-activetitle=\"#1d1e23\" data-activeicon=\"\" data-activebg=\"#ffffff\" data-scroll = \"on\" data-activeindex=\"1\" >\n     <dl><dt class=\"\">\n\t        \t<a class=\"ult-tabto-actitle withBorder ult_a \" id=\"1512642751410-8baea-301a\" style=\"color:#b6b8ba;;background-color:#ffffff;border-bottom-color:transparent;border-bottom-width:0px;border-bottom-style:solid;\" href=\"#1512642751410-8baea-301a\">\n\t        \t\t<i class=\"accordion-icon\"><\/i>\n\t        \t\t\t<span class=\"ult_tab_main ult_ac_main ult_noacordicnBoth\">\n\n\t\t\t\t\t\t<span  data-ultimate-target='#advanced-tabs-wrap-1107 .ult-span-text'  data-responsive-json-new='{\"font-size\":\"desktop:14px;\",\"line-height\":\"\"}'  class=\"ult-span-text no_icon ult_acordian-text ult-responsive\" style=\"font-weight:bold;;color:inherit \" >DESCRIPTION<\/span>\n\t\t\t\t\t\t<\/span><\/a><\/dt>\n\t            \t\t<dd class=\"ult-tabto-accordionItem ult-tabto-accolapsed\">\n\t\t\t\t            <div class=\"ult-tabto-acontent\" style=\"color:#74777b;\">\n\t\t\t\t               [vc_column_text]The Companies Act states that if an Irish Company does not have at least one company director who is resident in the European Economic Area (EEA), a Bond must be taken out. It is important to note that this requirement pertains to residency and not citizenship. A company director who holds an EEA passport but resides outside of the EEA would also require a bond.<\/p>\n<p>&nbsp;<\/p>\n<p>A Revenue Bond insures the company for a sum of \u20ac25,000 and its purpose is to cover the following:<\/p>\n<ul>\n<li>Any fine imposed on the Company in respect of offences under the Companies Act 2014 e.g. failure to file Annual Returns and Audited Accounts on time.<\/li>\n<li>A fine for failure to supply certain information to the Revenue Commissioners \u2013 mainly information required on the Form CRO 11F.<\/li>\n<li>Any penalty which the company has been held liable to pay under S1071 or S1073 of the Taxes Consolidation Act 1997.<\/li>\n<li>Any expenses incurred in recovering the fines and penalties mentioned above<\/li>\n<\/ul>\n<p>The Non-EEA Resident Bond covers a period of 2 years and must be put in place at the incorporation stage or upon the removal of the EEA resident director of the company. The Bond acts like an insurance policy to cover the government for unpaid taxes or fines if the company leaves the jurisdiction.[\/vc_column_text]\n\t\t\t\t            <\/div>\n\t        \t\t\t<\/dd>\n    \t<\/dl>\n    <!--<div class=\"extraborder\" style=\"background-color:#ffffff\"><\/div>-->\n<\/div>\n\n<\/div>[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>If the\u00a0company does not have an EEA resident Director, then it needs a Bond\u00a0to be in place before the\u00a0company\u00a0can be\u00a0set up. The bond is worth up to \u20ac25,000 and secures against certain breaches of the Companies Acts and Taxes Acts for a period of 2 years.<\/p>\n","protected":false},"featured_media":57373,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"product_brand":[],"product_cat":[334],"product_tag":[318],"class_list":{"0":"post-54222","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-uncategorized","7":"product_tag-lithuania","8":"description-off","10":"first","11":"instock","12":"purchasable","13":"product-type-simple"},"bundled_by":[],"bundle_stock_status":"instock","bundle_stock_quantity":null,"bundle_virtual":false,"bundle_layout":"","bundle_add_to_cart_form_location":"","bundle_editable_in_cart":false,"bundle_sold_individually_context":"","bundle_item_grouping":"","bundle_min_size":"","bundle_max_size":"","bundle_price":[],"bundled_items":[],"bundle_sell_ids":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bond for a non-EEA resident director - 1Office Ireland<\/title>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bond for a non-EEA resident director\" \/>\n<meta property=\"og:description\" content=\"If the\u00a0company does not have an EEA resident Director, then it needs a Bond\u00a0to be in place before the\u00a0company\u00a0can be\u00a0set up. The bond is worth up to \u20ac25,000 and secures against certain breaches of the Companies Acts and Taxes Acts for a period of 2 years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/\" \/>\n<meta property=\"og:site_name\" content=\"1Office Ireland\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-05T18:57:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/1office.co\/ireland\/wp-content\/uploads\/sites\/16\/2017\/12\/money-gold-coins-finance-e1513165474690.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/\",\"url\":\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/\",\"name\":\"Bond for a non-EEA resident director - 1Office Ireland\",\"isPartOf\":{\"@id\":\"https:\/\/1office.co\/ireland\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/1office.co\/ireland\/wp-content\/uploads\/sites\/16\/2017\/12\/money-gold-coins-finance-e1513165474690.jpg\",\"datePublished\":\"2017-08-10T10:40:19+00:00\",\"dateModified\":\"2022-09-05T18:57:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#primaryimage\",\"url\":\"https:\/\/1office.co\/ireland\/wp-content\/uploads\/sites\/16\/2017\/12\/money-gold-coins-finance-e1513165474690.jpg\",\"contentUrl\":\"https:\/\/1office.co\/ireland\/wp-content\/uploads\/sites\/16\/2017\/12\/money-gold-coins-finance-e1513165474690.jpg\",\"width\":600,\"height\":397},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/1office.co\/ireland\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shop\",\"item\":\"https:\/\/1office.co\/ireland\/shop\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bond for a non-EEA resident director\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/1office.co\/ireland\/#website\",\"url\":\"https:\/\/1office.co\/ireland\/\",\"name\":\"1Office Ireland\",\"description\":\"Making Business Simple\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/1office.co\/ireland\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bond for a non-EEA resident director - 1Office Ireland","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"Bond for a non-EEA resident director","og_description":"If the\u00a0company does not have an EEA resident Director, then it needs a Bond\u00a0to be in place before the\u00a0company\u00a0can be\u00a0set up. The bond is worth up to \u20ac25,000 and secures against certain breaches of the Companies Acts and Taxes Acts for a period of 2 years.","og_url":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/","og_site_name":"1Office Ireland","article_modified_time":"2022-09-05T18:57:00+00:00","og_image":[{"width":600,"height":397,"url":"https:\/\/1office.co\/ireland\/wp-content\/uploads\/sites\/16\/2017\/12\/money-gold-coins-finance-e1513165474690.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/","url":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/","name":"Bond for a non-EEA resident director - 1Office Ireland","isPartOf":{"@id":"https:\/\/1office.co\/ireland\/#website"},"primaryImageOfPage":{"@id":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#primaryimage"},"image":{"@id":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#primaryimage"},"thumbnailUrl":"https:\/\/1office.co\/ireland\/wp-content\/uploads\/sites\/16\/2017\/12\/money-gold-coins-finance-e1513165474690.jpg","datePublished":"2017-08-10T10:40:19+00:00","dateModified":"2022-09-05T18:57:00+00:00","breadcrumb":{"@id":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#primaryimage","url":"https:\/\/1office.co\/ireland\/wp-content\/uploads\/sites\/16\/2017\/12\/money-gold-coins-finance-e1513165474690.jpg","contentUrl":"https:\/\/1office.co\/ireland\/wp-content\/uploads\/sites\/16\/2017\/12\/money-gold-coins-finance-e1513165474690.jpg","width":600,"height":397},{"@type":"BreadcrumbList","@id":"https:\/\/1office.co\/ireland\/product\/bond-for-a-non-eea-resident-director\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/1office.co\/ireland\/"},{"@type":"ListItem","position":2,"name":"Shop","item":"https:\/\/1office.co\/ireland\/shop\/"},{"@type":"ListItem","position":3,"name":"Bond for a non-EEA resident director"}]},{"@type":"WebSite","@id":"https:\/\/1office.co\/ireland\/#website","url":"https:\/\/1office.co\/ireland\/","name":"1Office Ireland","description":"Making Business Simple","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/1office.co\/ireland\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/1office.co\/ireland\/wp-json\/wp\/v2\/product\/54222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1office.co\/ireland\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/1office.co\/ireland\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1office.co\/ireland\/wp-json\/wp\/v2\/media\/57373"}],"wp:attachment":[{"href":"https:\/\/1office.co\/ireland\/wp-json\/wp\/v2\/media?parent=54222"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/1office.co\/ireland\/wp-json\/wp\/v2\/product_brand?post=54222"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/1office.co\/ireland\/wp-json\/wp\/v2\/product_cat?post=54222"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/1office.co\/ireland\/wp-json\/wp\/v2\/product_tag?post=54222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}