Brexit Impact on Company Directors

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Brexit Impact on Company Directors

Brexit Impact on Company Directors

Every Irish registered company is required to have at least one EEA- resident director from 1st January 2021.

Alternatively,

Sec 140: Real and Continuous Link Certificate

The company may apply it to show that it has a real and continuous relationship in one or more commercial activities in the State.

Sec 137: Non-Resident bond

No EEA director is required for companies registered holding this bond. It is an insurance bond value of €25,000 (not a cost) purchased from an insurance broker last for 2 years.

It must be recognized that failure to have at least one EEA-resident director of an Irish corporation is a criminal offense. 

 

Reference: https://clscharteredsecretaries.ie/brexit-impact-on-company-directors/

 

Accounting Pro is Ireland’s premier payroll accounting service.  We are here to help the busy contractor and company, with all your accounting and payroll needs. We are both an umbrella company and umbrella corporation and we can create your limited company. We are experts in contractor pensions, contractor health insurance, illness and sick benefit for the self employed and contractor expenses. To learn more about what we do please review https://www.accounting-pro.ie/  and contact us by email:  info@accounting-pro.ie or phone us +353 1 592 1802. For the UK see Accounting-Pro UK. “Brexit Impact on Company Directors” is an article written by Accounting-Pro Ireland for the benefit of everyone. Feel free to share it but please give attribution on a CC BY-SA license.

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