What is the difference between employing an Ireland resident as a nominee director and getting a non-resident insurance?

The appointment of a nominee director is subject to annual renewal and, although the director does not have the authority to run the company, the director's signature is required to authorize the company to open a bank account or to make annual financial returns. However, the penalty insurance is valid for a period of two years and the insurer will pay tax penalties for the client company up to €25,000 (two years' total) if the company receives a tax penalty during this period. However, the company will be subject to annual audits and tax returns as usual.

Does the Ireland government impose international or status restrictions on foreigners registering companies locally?

Ireland law requires non-EU residents to have a European Union (EU) director to set up a company in Ireland. EU residents are required to be directors of a company in Ireland, and those who are unable to provide an EU resident as a director are required to take out Non-Resident insurance to bind the company to operate legally and legally in Ireland. Therefore, if you do not have a candidate to act as a director of your Irish company, you can be matched with an EU nominee through the services of TKEG Expat. Alternatively, we can assist you in taking out Non-Resident Insurance.

When a new director is appointed to an Irish company, do they need a Digital Certificate?

Yes. A newly appointed director must apply for a Digital Certificate to interact with the CRO/Revenue systems. A fee applies, and the service is typically resold to the client at a marked-up rate.

Does a client need to provide a reason for requesting a nominee shareholder?

Yes. When a client requests a nominee shareholder, they must specify the reason/justification. This rationale is required for compliance/KYC purposes before the nominee shareholder service can proceed.

What is the scope of the nominee director service — what does the nominee director actually do?

The nominee director service is strictly limited to facilitating company registration and bank account opening. The nominee has no actual operating or decision-making authority and serves only a formal compliance purpose. Any other cooperation or action by the nominee is charged separately and cannot be guaranteed within the standard contract; a director-change fee should generally be collected in advance.

What are the risks of leaving a company with a nominee director unattended (no accounting or tax filings, outdated registered address) for a long time?

If a company is left unmanaged for an extended period, the nominee director may submit a resignation letter to limit their exposure. Inaction can create legal and litigation risk, and once the company no longer has a resident (EU) director, it can no longer continue operating. Outstanding obligations — such as updating the registered address and bringing accounting and tax filings up to date — must be resolved to keep the company in good standing.

Nominee Director

Ireland Section 137 Non-EEA-Resident Bond

Name: Ireland Section 137 Non-EEA-Resident Bond
Brand: TKEG Expat ™ (EU)
Price: 3025 EUR
Availability: InStock

Applicable country/region: IE - Ireland

English-speaking advisor

Ireland local setup support

Tailored service assessment

Unit PriceEUR 3,025 / Company

On-site presenceNot required

View Requirements

Response within 1 working hour on business days. We confirm applicability and estimated fees first.

Fully remote

Remotely Process Your Ireland Section 137 Non-EEA-Resident Bond

Introducing the Ireland Section 137 Non-EEA-Resident Bond, your ideal solution for non-resident insurance services in Ireland. This service offers the essential "Section 137 Non-Resident Director Guarantee" or "Tax Guarantee," enabling companies registered in the Republic of Ireland to bypass the need for directors residing within the European Economic Area (EEA), which includes the EU, Iceland, Norway, and Liechtenstein. With a comprehensive €25,000 insurance cover, the bond safeguards your business against fines imposed under the 2014 Companies Act for delays in submitting annual reports and audited accounts. It also addresses penalties for failing to provide necessary information to the Revenue Commissioners, particularly data required in the CRO 11F form. Additionally, it covers fines under sections 1071 or 1073 of the 1997 Tax Consolidation Act, along with recovery costs related to these penalties. Secure your business's compliance and operational efficiency with our Ireland Section 137 Non-EEA-Resident Bond, designed to meet your company's unique needs.

Ireland Section 137 Non-EEA-Resident Bond - Service Included

What's Included

Everything in this package

The line items below are already covered by the unit price. Anything marked "not included" can be added as a tailored extra.

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1. Providing non-resident insurance services for Ireland 137 to Irish clients.
2. Obtaining "Section 137 Non-Resident Director Guarantee" or "Tax Guarantee" can exempt companies registered in the Republic of Ireland from the requirement of having directors residing in the European Economic Area (EEA, including the EU, Iceland, Norway, and Liechtenstein). The tax guarantee provides the company with a €25,000 insurance cover to pay for the following expenses:
3. Fines imposed on the company under the 2014 Companies Act for not submitting annual reports and audited accounts on time;
4. Fines imposed for not providing certain information to the Revenue Commissioners (mainly the information required in the CRO 11F form);
5. Fines a company needs to pay under sections 1071 or 1073 of the 1997 Tax Consolidation Act;
6. Recovery costs related to the above fines and penalties.
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Good to know

TKEG Expat ™ (EU) serves the largest number of countries among all similar companies. All of our employees who provide services to you have an international work background, a clear understanding of the concept of doing business globally, always looking at problems from your perspective, and providing the most suitable solutions.

Frequently Asked Questions

Jurisdiction Overview

About Ireland

Ireland is Europe’s leading hub for US tech and pharma multinationals, offering 12.5% corporate tax, an English-speaking EU base, and a young highly educated workforce in Dublin’s thriving ecosystem.

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Ireland Tax Brief

Data Source PwC World Tax Summary
OCED Statistic

Time of Update 4/04/2026

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