IRELANDIMMIGRANT INVESTOR PROGRAM
MIN INVESTMENT
500,000 EUR
PROCESSING TIME
4-5 MONTHS
PERMIT TYPE
TEMPORARY RESIDENCE
FAMILY
SPOUSE, CHILD
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SUMMARY
Ireland is a country in Northern Europe that is part of the British Isles. The country is part of the European Union. The nation is well-known for its stable financial system and high standard of living. he Ireland investor visa programme is one of the most attractive residency by investment options available in Northern Europe. The Ireland Immigrant Investor Programme is a new fast track programme recently launched by the Irish Government that offers a qualifying Investor and his/her family both residency permit and citizenship of Ireland within a short time-frame. Investors are entitled to qualify for permanent residency in the country after five years. After five years, you may also apply for naturalization towards Irish citizenship or earlier if you have Irish ancestry.
Applicants may donate to a charitable organization or invest in a company, an investment fund, or a real estate index trust with this investor visa. The investment must be kept for a period of 3 years.
Ireland has one of the best passports in the world. Irish citizens are free to live anywhere in the European Union and enjoy the advantages of the Common Travel Area with the United Kingdom. Under the Visa Waiver scheme, the passport provides for 90 days of travel in the United States.
Non-domiciled residents in Ireland are taxed on a remittance basis. Income and gains from outside Ireland can accrue completely free of Irish tax if not remitted to the country.
POPULATION
5 Million
CAPITAL
Dublin
CURRENCY
Euro
LANGUAGE
English
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- TYPE: RESIDENCY
- VISA-FREE: EU, US
- PROCESS: 4-5 MONTHS
INVESTMENT
The Ireland Golden Visa is a residence-by-investment program that allows approved applicants to live in Ireland. The investment must be kept for a minimum of 3 years. Can deduct €50,000 from investment to spend on an education establishment in Ireland. There are €1,500 application fees. Investors must choose between the following options:
- Investors may opt to donate at least €500,000 to a charitable organization as part of their endowment.
- Investors may opt to invest at least 1 million euros in a single Irish company or a group of companies.
- Investors may opt to invest at least 1 million euros in an investment fund.
- Investors may opt to invest in a Real Estate Investment Trust (REIT) if they have at least 2 million euros to invest (REIT).
IRELAND RESIDENCY INVESTMENT OPTIONS
ENDOWMENT
Invest at least €500,000 in a public-benefit initiative in the fields of the arts, recreation, wellness, culture, or education. The Endowment should be viewed as a charitable gift with a direct public profit. There will be no cash return or principal recoupment for investors.
INVESTMENT FUNDS
Invest at least €1,000,000 in a financial venture, Funds have been authorized by the Irish Naturalization and Immigration Service for use in the Immigrant Investor Programme. All funds must be invested in Ireland and reflect equity stakes in Irish-registered businesses that are not publicly traded. Second, to do business in Ireland, funds and fund managers must be supervised by the Central Bank. Finally, only fund managers with a track record of successfully managing managed funds would be permitted to order funds in Ireland.
ENTERPRISE INVESTMENT
Invest at least €1,000,000 in a single Irish business or a group of companies for a period of three years. The business may be a start-up founded by the investor or an existing Irish-registered company. The company must be licensed and headquartered in Ireland, and the investment must contribute to the development or preservation of jobs.
REIT
Invest at least €2,000,000 in an Irish REIT that is listed on the Irish Stock Exchange. The money could be spread out among a variety of Irish REITs. A REIT is a publicly-traded corporation that invests in rental properties. It is an internationally recognized benchmark for rental property asset investment.
After three years’ applicants can withdraw 50% of their investment, 25% on 4th and 25% on 5th.
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PROCESS
Application Processing Time: 3-4 Months
Step 1 - Month 1
Select your investment and gather the necessary paperwork. Send your application to the INIS once you're ready. The Evaluation Committee will review your paper. The Evaluation Committee may consider the proposal and, if necessary, will request additional details from the applicant. The Minister of Justice and Equality will receive recommendations from the Evaluation Committee. To review applications for residency under the Immigrant Investor Program, the Evaluation Committee meets at least four times. Applications are evaluated based on the applicant's profile, the project's economic feasibility, the planned investment's job outcomes, and the overall value to the Irish state.
Step 2 - Month 4
Effective applicants and their nominated family members will receive a pre-approval letter encouraging them to continue with their investment after the Evaluation Committee and the Minister for Justice and Equality has accepted their investment proposals. Within 90 days of the date of this message, the investment must be made. When the acquisition is complete, the applicant must send the documentation about their particular investment to the minister.
Step 3 - Month 5
When the Minister is satisfied that the investment has been undertaken, an approval letter will grant the applicant a residence permit. This permit valid for two years from the date of issue of the letter.
CONDITIONS
- A series of requirements must be fulfilled to apply for Ireland Immigrant Investor Programme. Check all the requirements for obtaining Residency by Investment in Ireland.
- Business Plan:
Applicants interested in the endowment option should describe how the beneficiary will use the funds and how their endowment will support the Irish public. The investor or the receiving organization should adapt the business plan template found on the Immigrant Investor Program webpage for this reason. - Financial Requirement:
€2 million net worth - Criminal Record:
All applicants and their nominated family members over the age of 16 must request a declaration of character from the police authorities of each country where they lived for more than six months in the ten years before applying. Applicants who have due diligence reports from credible multinational risk assessment and security screening organizations are encouraged to submit them. - Health Insurance Coverage:
Have private medical insurance that will cover all major medical expenses in Ireland. - Applicable for Immigrant Investor Programme-Enterprise Investment Option:
Self-sufficient: Copies of financial statements for at least three of the previous six months for all of your bank accounts. For each year of residence asserted, three separate proofs of residency are needed. - Applicable for Immigrant Investor Programme-REIT Option:
The number of shares indicated on the share certificate(s) shall be considered the Investor's REIT Investment for the Immigrant Investor Programme.
FAMILY
- Child Dependent
Under 25 if still financially dependent and unmarried.
INITIAL PERMIT
- For the first two years, the residence permit is valid. A further three years will be provided if the scheme's requirements are met (i.e. the investment has not been revoked, they are both law-abiding and self-sufficient). Ireland has not been a financial burden because of you. In no jurisdiction have you been investigated, indicted, or prosecuted for any criminal offence. For the investor visa to stay valid, you must spend at least one day a year in Ireland.
PERMANENT RESIDENCY
- To get Ireland permanent residency by investment, you need to fulfill below requirements:
- Residency Requirement:
5 years (60 months) - Financial Requirements:
Copies of bank statements for all of your bank accounts for at least 3 of the previous six months. Three different proofs of residence for each year of residency claimed. - Police Record:
All applicants and their nominated family members over the age of 16 must request a declaration of character from the police authorities of each country where they lived for more than six months in the ten years before applying.
CITIZENSHIP
- Residence Requirements:
A minimum of 5 years of residency You must prove that you have been a legal resident of the state for at least 1,825 or 1,826 days in the last nine years. This requires a minimum of 365 days of continuous residency immediately preceding the application deadline. - Financial Requirements:
Copies of bank statements for at least three of the previous six months for all of your bank accounts. For each year of residence asserted, three separate proofs of residency are needed. - Criminal Record:
All applicants and their nominated family members over the age of 16 must apply a declaration of character from the police authorities of each country where they lived for more than six months in the ten years previous to making an application.