EEA Resident Director Services
An Irish registered company must have at all times:
- at least one of its Directors that is resident in a member State of the European Economic Area (‘the EEA’) (States listed below); or
- hold a bond as set out below to the value of €25,000; or
- hold a certificate of real and continuous link with an economic activity carried on the State.
The bond must be in the prescribed form to the value of €25,000 and provide that in the event of a failure by the company to pay a fine in respect of an offence committed by it under the Companies Act 2014 and/or a fine in respect of an offence committed by it under certain sections of the Taxes Consolidation Act 1997, a sum of money becomes payable under the bond in discharge of the whole or part of the company’s liability in respect of any such fine or penalty.
A company must hold a certificate from the CRO confirming that it has a “real and continuous link with one or more economic activities that are being carried on in the State”.
In order to obtain a certificate that it has such a link, the company will have to satisfy the Revenue Commissioners that one or more of the following conditions are satisfied by the company:
(a) the affairs of the company are managed by one or more persons from a place of business established in the State and that person or those persons is or are authorised by the company to act on its behalf;
(b) the company carries on a trade in the State;
(c) the company is a subsidiary or a holding company of a company or another body corporate that satisfies either or both of the conditions specified in paragraphs (a) and (b);
(d) the company is a subsidiary of a company, another subsidiary of which satisfies either or both of the conditions specified in paragraphs (a) and (b).
The EEA member States other than Ireland are listed below
|Austria||Czech Republic||Germany||Latvia||The Netherlands||Slovakia|
We are available to advise you in relation to arranging for the procurement of a bond and in applying for certification of a real and continuous link with an economic activity carried on in the State.