Ireland Citizenship by Investment
Ireland Immigrant Investor Program (IIP) has been providing Irish residency since 2012. Ireland citizenship investment is offered to business people and investors in general. The country has attracted over €800 million through this program.
Investors are attracted to the program because of its strong economy and education system as well.
This article will guide you about the types of investments, the application process, and the benefits of an Ireland investment visa.
How It Works
The program offers some investment routes to select from. You select the suitable one for you and invest in the country. Then, you’ll be granted a residency right in Ireland. There’s no cap on the application number for the program. Besides, you can apply any time throughout the year.
First, you’ll obtain a two-year residency. Then, you can renew it if you still keep the investment and you’re in good shape financially. In this case, you can extend your permit for another three years. At the end of this period, you’ll get five years of residence permit every five years.
Four Types of Investment
The details of these investment types are as follows.
Investment Fund
If you choose this route, you must invest at least €1 million in an investment fund. It must be regulated by the Central Bank of Ireland.
Enterprise Investment
This option also requires a minimum investment of €1 million. You need to invest this amount in an Irish enterprise. It must be kept for three years.
Real Estate Investment Trusts (REITs)
The minimum investment amount for this option of Ireland citizenship investment is €2 million. You must invest it in an Irish real estate investment trust. You must keep the investment for a duration of between three and five years.
Endowment
The last option to get an Ireland investment visa is through a minimum donation of €500,000 to a project beneficial to the public.
Application Requirements
You need to meet the following requirements to apply for Ireland citizenship investment:
- Being at least 18 years of age
- Providing a clean criminal record
- Being a citizen of a non-EEA country
- Proving you’ll not get a loan to make your investment
- Having a net worth of €2 million.
How To Apply For The Program
- Choose your investment route, and prepare documents
- Fill in the application form to submit to the Immigration Service Delivery (ISD)
- Get your approval and then invest within 90 days
- Send your proof of investment to the minister
- Obtain your approval letter and register your residency
- Finally, get your residence permit for a duration of two years initially.
Golden Visa Ireland doesn’t provide you with citizenship immediately. When you complete five years of residency, you can apply for permanent residency or citizenship.
Advantages of Getting an Ireland Investment Visa
- The residency right Ireland provides allows you to live, work and study in the country
- Your family can apply with you. According to the rules of citizenship by investment in Ireland, your immediate family can join. These are your spouse and children under 18. Children between the ages of 18 and 24 can apply if they are full-time students dependent on you
- The Irish passport provides travel to more than 185 countries visa-free. This means that you and your family can travel and stay in any EU country without dealing with visas
- Ireland citizenship investment requires an only a one-day stay in a year if you don’t plan to get citizenship
- You don’t have to enter any English language test to be eligible for the program
- Compared to other Golden Visa programs, Ireland lets you wait for the approval before you make the investment
- The operation centers of big companies such as Huawei and Novartis exist in Ireland. So, you can find an international business environment once you’re in Ireland.
So, an Ireland investment visa is full of benefits waiting for you to enjoy with your family!
