If Britain leaves the EU without any deal in place, companies that have only UK-resident directors will be required to comply with section 37 of the Companies Act 2014, which deals with the requirement to have an EEA-resident director.
The requirement to have at least one EEA resident director from a member state does not apply to a company that holds a bond to the value of €25,000 to discharge against any liability under the Companies Act 2014 or the Taxes
Consolidation Act 1997
The bond must have a minimum validity of two years, with surety from a bank, building society, insurance company or credit institution.
Meanwhile, the Department of Business, Enterprise and Innovation is trawling for submissions for its review of the Limited Partnerships Act 1907.
The deadline is Friday, 1 March. More information is available here.