What’s Included?

Section 137 Bond For Non-EEA Resident Directors
A Section 137 bond is a type of bond that is required by the Irish government for non-EEA resident directors of Irish companies. This service takes helps you apply for this bond.
Application paperwork to the financial institution
We'll take care of the paperwork required to apply for the bond. The bond is provided by a third-party financial institution and is non-refundable.
Submission to the Companies Registration Office (CRO)
We will submit the original copy of the bond to the Companies Registration Office (CRO) on your behalf.
Professional support each step of the way
Our team of professional company secretaries are on hand to provide advice and guidance on the bond application process.

Bond for Non-EEA Resident Directors

Bond for Non-EEA Resident Directors

If there are no EEA resident Directors in your company, you need to purchase a bond to insure the company.

2475 (+VAT)

Description

BENEFITS

Why choose this service

  • Legally compliant

    Our team of skilled company formation agents ensure that your company legally complies with the 2014 Companies Act legislation.

  • Quick and easy

    Our straightforward company formation process makes it easy for you to set up a company is that is established legally and correctly.

  • Dedicated support from experts

    Our team of company formation agents, ICSA-certified secretaries and chartered and certified accountants are on hand to help you through each step in setting up your company.

  • Save admin time

    Our time-saving automation combined with expert advice and hands-on guidance can give you peace of mind that you are supported throughout this process.

Application Process

01.

Purchase online

02.

Provide company information & identification documents

03.

We prepare the paperwork

04.

You sign & return the application to us

05.

We submit the secured bond to the CRO

Information Required

01

Company details

You will be asked to complete a series of simple checklists, providing us with the necessary information to register the company in Ireland.
02.

Personal details

Details of all directors and shareholders of the company are required. This includes residential addresses, birth dates, nationality, and occupation.
03.

ID and proof of address

As members of Chartered Accountants Ireland, we collect a copy of all directors ID and proof of address as part of our client acceptance process.

Looking for a complete company formation package for non-EU/EEA residents?

Check out our Non-EU/EEA Company Formation Package that includes everything you need to set up a Limited Company in Ireland for a discounted price.

Some of our happy clients

GOOD
87 reviews on
Tanja Prpic
Tanja Prpic
15. May, 2024.
The ladies were concise and gave a lot of information. I feel like i understand this so much better now, i had no questions for them after the presentation!
Marija Vujasin
Marija Vujasin
10. April, 2024.
Very useful educational webinar!
Ray Smith
Ray Smith
12. March, 2024.
So clear and concise, the best business Webinars by far. Brilliant!!
Oksana Bakhtieieva
Oksana Bakhtieieva
12. March, 2024.
Very useful. Thsnjs
Juliana Pellegrino
Juliana Pellegrino
6. March, 2024.
Great team assisting our company!

Frequently Asked Questions

Our Client Services Team is always happy to help you with any questions about our Company Formation Service.
Call us on +353 (0)1 905 9364 or email hello@kinore.com
Why do you need a Section 137 Bond? +
If you are setting up a company in Ireland and none of the directors are resident in the EEA/EU, you must purchase a Section 137 Bond to be legally compliant. The bond insures the company for €25,000 against certain breaches of the Companies Acts and Taxes Acts for a period of 2 years. After two years, the bond will need to be renewed unless you have appointed an EEA resident director or if you have established a significant economic link with Ireland in that time.
What should I do once my company is set up? +
Once your company is registered, you will receive a Certificate of Incorporation and the Company Number of your new company. Then, you should register the Beneficial Owner with the Registration Of Beneficial Ownership (RBO) and start the tax registration process. If you have chosen to outsource company formation and/or tax registration to Kinore, we will expertly guide you through the next steps.
What happens if I don't renew the Section 137 Bond? +
Your company will not be compliant with Company Law if you need to have a Section 137 Bond in place and you do not have one. Consequences of not renewing the Section 137 Bond can include not being able to file Annual Returns with the Companies Registration Office (CRO) on time. This can lead to fines and penalties until your company is up-to-date. If you are in this situation or you're not sure of your next steps, please reach out to our expert Client Services Team who can advise of your next steps.
How long does it take to register a company in Ireland with a Section 137 Bond? +
Our teams start to work on your company registration application as soon as you purchase online. Usually, the Section 137 Bond takes around 3 weeks to process from when it is submitted to the financial institution. In general, it takes between 3-5 working days for the CRO to process your company registration application.