If you are a non EEA resident you can setup a limited company in Ireland. You either need to have at least one direct who is an EEA resident or you need to have a Section 137 Non-EEA Resident Director Bond. The bond costs roughly ?2,000 + VAT and lasts for 2 years. With the average price of ?300 + VAT to set up a company in Ireland, the total cost will be ?2,300 + VAT.
If you live outside of Ireland or even the EAA area you can setup a limited company in Ireland.
Definition of a Resident
Taken from the CRO website
?Definition of residency in Ireland, such residence is being relied upon as satisfying the EEA-residency requirement. ? a person is resident in the State at a particular time (the relevant time) if – he or she is present in the State at:
- any one time or several times in the period of 12 months preceding the relevant time (the immediate 12 month period) for a period in the aggregate amounting to 183 days or more, or
- any one time or several times –
- *in the immediate 12 month period, and
- *the period of 12 months preceding the immediate 12 month period (the previous 12 month period)?
If you would like to setup a company in Ireland please talk to an accountant listed on Accountant Pages or a company formation office. They can organise the Non-EEA Resident Director Bond as well as setting up your company with the CRO and Revenue.