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LOCATION: Western Europe
POPULATION: 4,957,360
LANGUAGES SPOKEN: Irish, English
CURRENCY: Euro
CAPITAL: Dublin
NEAREST AIRPORT: Dublin
MAJOR INDUSTRY: Tourism
IRELAND
Ireland is an island nation on the westernmost edge of Europe. It is the continent’s second largest island (after Great Britain). Ireland is also known as Emerald Isle for its wide expanses of lush, green fields. Ireland is a full member state of the European Union.
The Immigrant Investor Programme (IIP) was introduced by the Irish Government in 2012 to encourage inward investment for the creation of business and employment opportunities in the State. The IIP is designed to encourage investors and business professionals from outside the European Economic Area (EEA) to avail opportunities of investing and locating their business interests in Ireland and acquire a secure residency status in Ireland.
IRELAND RESIDENCY BY INVESTMENT
The programme offers four investment options to gain Residence in Ireland:
Ireland Investor Visa candidates must invest into a qualifying Irish enterprise for at least three years. The enterprise can be an existing business, or it can be a new business started by the investor. The enterprise must be registered in Ireland, and its headquarters must be located in the country. The enterprise must also help the Irish economy by creating or maintaining local jobs.
Minimum Investment: €1 million
ENTERPRISE INVESTMENT
INVESTMENT FUND
Candidates must invest into a qualifying investment fund for at least three years. The investment fund must have be pre-approved and regulated by Central Bank. All funds must be invested in Ireland and must represent equity stakes in Irish registered companies that are not quoted on any stock exchange.
Minimum Investment: €1 million
REAL ESTATE INVESTMENT TRUSTS (REIT)
Candidates must invest in an Irish REIT that is listed on the Irish Stock Exchange or have already applied for listing for at least three years. A REIT is a listed company, used to hold rental investment properties. The aim of a REIT is to provide an after-tax return for investors yet avoids double taxation.
Minimum Investment: €2 million
ENDOWNMENT (DONATION OPTION)
A candidate must make a philanthropic donation to a project which is of public benefit to the arts, sports, health, culture or education in Ireland. Investors will receive no financial return or recoupment of the principal.
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Minimum Investment: €500,000
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Group of 5 or more: Minimum investment of €400,000 per investor
Key Benefits of Investor Program:
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Visa free travel
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Dual Citizenship
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No requirement to learn English
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Full Stamp 4 visa provided for five years and renewed every five years, even after the investment period is closed and the investors’ money is returned
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Residency requirement only 1 day per year
Applicant Requirements:
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Hold no Criminal Record
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Proof of Net Worth of €2 million
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Police Clearing Certificate of good character
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Provide no false information
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A medical Certificate for good health
Application processing Time for residence permit: 3-4 months.
Minimum stay requirements: 1 day per year for maintaining residence permit.
Naturalization for Irish Citizenship: The Immigrant Investor Programme does not provide naturalization for the citizenship. In order to apply for Irish Citizenship the applicants are required to be physically resident in Ireland for 12 months prior to the application and to be physically resident in Ireland for the next 4 of the preceding 8 years i.e. 5 years in total.
Disclaimer:
1. Please note, all information provided here should not be considered legal advice.
2. The text is intended as a source of basic information. It is regularly updated. No liability can be accepted for the accuracy or completeness of its contents.
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