Ireland Immigrant Investor Programme
Residency | Permanent Residency in Ireland
S.I. No. 10/2017, known as the Immigration Act 2004 (Immigrant Investor Programme) (Application for Permission) (Fee) Regulations 2017
Ireland is approximately 100 Km to the west of England and is politically divided into two. The Republic of Ireland covers about 80% of the island, with a population of approximately 4.8 million. Its capital is Dublin, and the official languages are English and Irish. Ireland adopted the euro as its main currency, in 2002.
Many of the world’s well-known brands may be found in Ireland. The country is also positioning itself to become a world leader in ICT, Energy Efficiency and Health Innovation. A pro-business attitude enables companies to set up swiftly, with minimum red tape, in a connected environment. Ireland has been successful in attracting cutting-edge FDI investment across a range of sectors which have empowered the country to establish and maintain its FDI reputation.
The Ireland Immigrant Investor Programme (IIP) allows non-EEA nationals and their families who commit to an approved investment in Ireland, to acquire permanent residency.
Applicants will be required to spend at least one day in Ireland every year, which means that the programme focuses on the acquisition of resident status, rather than actual physical residence. This allows for greater flexibility in meeting the needs of family and business.
Residency status is initially issued for 2 years then extended for an additional 3 years, after which, applicants may apply for permanent residency. Whilst the IIP does not provide for preferential access to citizenship, successful applicants may eventually apply for naturalisation through the normal procedures.
To apply for permanent residence in Ireland through the IIP, one of the following conditions must be met:
A minimum of EUR 1 million investment in one or more businesses, which are registered and headquartered in Ireland, and which must support the creation or maintenance of employment. This investment must be held for a minimum of 3 years; or
A minimum of EUR 1 million in an investment fund which has been approved by the Irish Naturalisation and Immigration Service (INIS), which represents equity stakes in Irish registered companies which are not quoted on any stock exchange. This investment must be held for a minimum of 3 years; or
A minimum of EUR 2 million in one or more Irish Real Estate Investment Trusts (REITs) that are listed on the Irish Stock Exchange. This investment must be held for a minimum of 5 years, with limited divestments possible on years three (50%) and four (25%) from the date of purchase; or
A minimum contribution of EUR 500,000 in a project with a clear public benefit in the arts, sports, health, cultural or educational fields. This investment will have no financial returns to the applicant and no possibility to recover any part of the capital. It is possible for a group of 5 or more investors to combine their investments towards the same project, in which case the minimum investment per investor is reduced to EUR 400,000;
Further to this, a non-refundable application of EUR 1,500 is applicable for every application, together with a EUR 300 Irish Residence Permit (Stamp 4), for every applicant.
This means that the minimum total capital outlay for a single applicant would amount to approximately EUR 501,800, excluding service providers’ professional fees and any other fees not mentioned herein.
The CIVIQUO™ process starts by filling in our qualification questionnaire. The questionnaire is a simple online form which helps us to gather all your requirements, whilst ensuring that the essential criteria are met.
We will send you the quotes and once you have identified a quote which best suits your needs, our team will reconfirm expectations on both sides, a client agreement is signed, and a deposit payment is made.
Once an application has been submitted, the government authorities review the application and communicate the outcome. This period of time varies depending upon the programme, but it may be used to further explore what opportunities will become available once residency or citizenship are attained.
2. Receive Quotes
Our team will use the information you provide to find the best quotes in the market for you. Our growing international network of immigration professionals, means that we can provide the best quotes in the market, for any residency or citizenship programme, anywhere in the world.
4. Application Process
Your chosen service provider, will work with you to start compiling the application. Our concierge-style support will ensure that the process of compiling the application is as smooth as possible.
6. Renewal & Support
Some residency and citizenship programmes require compliance monitoring, and/or renewals, and together with our service providers, we will make sure that any renewals, or other interventions are done on time, and accurately. Even after this, the CIVIQUO™ team remains at your service.