Ireland – Immigrant Investor Program
Introduction
- The Irish Government have created the Immigrant Investor Program to facilitate investors and business professionals from outside of the EU to avail of the opportunities of investing and locating business interests in Ireland.
- This briefing note concerns the Mixed Investment option of the Immigrant Investor Program.
- The Immigrant Investor Programme facilitates non-EEA nationals and their families who commit to an approved investment in Ireland to acquire a secure residency status in Ireland.
- Any non-EEA national may apply for residency for themselves and their spouse / partner and children under the age of 18. Dependent children between the ages of 18 and 24 will also be considered in certain circumstances.
Summary of Process
- Step 1 – Apply: Make an application without committing any investment funding
- Step 2 – Approval: Receive Approval of your investment from the Evaluation Committee
- Step 3 – Invest: Invest in real estate and government bond
- Step 4 –Permission Granted: Receive permission to reside in Ireland
Mixed Investment
- A mixed investment comprises of a purchase of a residential property in Ireland with a minimum value of EUR 450,000 combined with a EUR 500,000 investment in the Immigrant Investor Bond.
- In order for the property investment to qualify for residence the property in question must be a residential property which the applicant and their family intend to use as their residence in Ireland. Residential properties purchased as “buy-to-let” investments are not eligible under the mixed investment option.
- The mixed investment, the property and the bond, must be held for five years. Properties that are leased to tenants during that five year period will result in Immigration Permissions under the scheme being withdrawn.
- Key Attraction – The mixed investment facilitates investors and their family members who wish to move to Ireland for business or education purposes.
Obligations
- You must also supply supporting documentation as evidence of your net worth (minimum €2million or equivalent), source of wealth and good character.
Reside in Ireland
- All successful candidates and their nominated family members will be granted continuous residence in Ireland under “Stamp 4” conditions. “Stamp 4” conditions permit foreign nationals to work, to study or to start their own businesses in Ireland. There is no limit to a successful candidate’s residence provided they meet the appropriate conditions.
- You are not required to reside in Ireland in order to maintain your immigration permission. The only requirement is that you visit Ireland at least once per calendar year.
Eligible Family Members
- Residency status, on similar terms, to the principal applicant is also available for spouses/partners and minor children (i.e. children under 18 years of age) for whom the principal applicant and/or their spouse or partner has legal guardianship.
If you are interested in this Immigration Program, then please fill the Get in Touch Form below. On receipt of your message a company representative will contact you to provide you with further information.
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