Ireland is an island nation on the westernmost edge of Europe. It is the second-largest island of the British Isles lies west of Great Britain. About four-fifths of the area of Ireland is the national territory of the Republic of Ireland, the remaining one-fifth in the northeast of the island belongs to Northern Ireland, which is part of the United Kingdom.
Ireland is known for its wide expanses of lush, green fields. In fact, its nickname is the Emerald Isle. But there are also large areas of the rugged, rocky landscape. The Republic of Ireland has a population of almost 5 million people (in 2020), the capital and largest city is Dublin. Spoken languages are Irish (official) and English.
Investment Options for Ireland Residency Program
The Immigrant Investor Programme (IIP) was introduced in 2012 by the Irish Government 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 take advantage of opportunities for investing and locating their business interests in Ireland and acquire a secure residency status in Ireland with their family.
Enterprise Investment
Under this option, Ireland Investor Visa candidates must invest at least €1 million 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.
Approved Investment Fund
Under this option of the Ireland immigration by investment program, candidates must invest at least €1 million into a qualifying investment fund for at least three years. The investment fund must have been pre-approved for the program by Immigration Ireland, and it must be a private equity or venture capital fund focusing on small and medium-sized enterprises.
Real Estate Investment Trust (REIT)
To qualify for Irish residency under this option, applicants must invest at least €2 million into one or more qualifying REITs for at least three years. The REIT must either be listed on the Irish Stock Exchange or have already applied for listing and given notice of the same to the Revenue Commissioners.
Endowment (Donation Option)
Under this Ireland Investor Program option, candidates must donate at least €500,000 to a qualifying philanthropic project in arts, sports, health, culture or education. Immigrant investors must not receive any financial return on their contribution.
An applicant:
- should be at least 18 years of age
- should be of good character and have no criminal record
- should undergo the due diligence checks and get a positive outcome
- must have a high personal net worth
- should have good health
Benefits
- Fast processing route with 4 to 6 Months
- It offers visa-free travel to 177 destinations
- There is no language test required for the initial processing
- This program leads to Irish Citizenship after 5 year
- The entire family is eligible to apply for the Irish Residency Programme including spouse and children under the age of 24.
- Ireland has the best educational institutes and offers applicants affordability and quality of education
- Tax efficiency is a major highlight for investors