Irish Golden Visas and Citizenship for Investors

Ireland investor visas

Irish Citizenship & Golden Visas

The Ireland Immigrant Investor Program was established in 2012 to allow wealthy individuals and families from outside the European Union to obtain residency in Ireland in exchange for making an approved investment in the Irish economy. Although permanent residence is not offered by the program, once the appropriate conditions are met residency permission can be extended every few years for an indefinite period. The Ireland Investor Immigration Program does not officially provide Irish citizenship by investment, but long-term residency in Ireland can be used to support a citizenship application under the country's naturalization rules.

Investor Visa Ireland Eligibility 2019

Obtaining a "Golden Visa" through the Irish Immigrant Investor Program is the only possible route towards Ireland citizenship by investment currently available. In order to be eligible for an Irish Investment Visa, a candidate must have a legally accumulated minimum net worth of €2 million. The applicant must also have good character, with no criminal convictions anywhere in the world. Before an EU Investor Visa is officially granted, an applicant must submit evidence to the Irish Naturalisation and Immigration Service (INIS) that he or she has successfully made an adequate investment in the country in accordance with the program's rules.

The Success Of The Irish Golden Visa Scheme For Investors

While the visa programme started slowly, it has really come into its own in recent years. This is no doubt driven in part by firms like Haskew Law who has worked closely with the Irish Government and leading investment funds to build more attractive, safer and easier investment options. Other advantages to the residency by investment in Ireland visa scheme include a strong outlook for the Irish economy, EU membership and a minimal commitment to Ireland to maintain a permanent residency visa. in 2019 Ireland are expecting to approve a record number of residency visas to investors from across the globe.

Available Irish Investment Options For Residency Visas & Citizenship

Only investments officially approved by the Irish Immigrant Investor Programme will qualify an individual and their family for residence in Ireland. Permissible investments under the Ireland Investor Program are divided into four tracks:

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.

Prospective immigrants must make the business investment in their own name (not in the name of a corporation or trust), and are not permitted to qualify under this option through the purchase of publicly traded shares or real estate that they intend to rent to tenants. Potential candidates may propose a large investment involving a number of partners, all of whom are applying to the Ireland Immigrant Investor Programme, as long as each individual investment qualifies independently under the program. It is also possible to invest in multiple qualifying businesses in Ireland as long as the total investment made in the country is at least one million euros.

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. The fund must also have a minimum target size of €20 million.

Any domestic investment by the fund must be used to purchase equity stakes in Ireland-registered companies whose shares are not publicly traded. The funds, as well as the fund managers, must be subject to regulation by the Irish Central Bank in order to conduct any business in the jurisdiction. Only funds managed by an experienced fund manager located in Ireland are eligible for approval under this option of the Irish Investor Program.

There is a list of pre-approved funds available for Ireland investor immigration. The primary criteria for pre-approving an investment fund is its potential to create jobs in Ireland, not its potential to generate profit for the investor. The Irish Naturalisation and Immigration Service (INIS) does not possess the expertise or authority to recommend any particular investment fund, whether or not it has been pre-approved for immigration purposes. Consequently, INIS does not in any way guarantee the performance of any such fund. An Irish immigration lawyer can help foreign nationals interested in Ireland investor citizenship identify available funds under this investment option.

Real Estate Investment Trust (REIT)
Under this Investor Visa Ireland option, candidates must invest in an Irish REIT. A REIT is a listed company used to hold rental property in a manner that mitigates investor risk yet avoids double taxation. A REIT will typically invest in a diverse pool of properties so as to minimise risk and must distribute most of its profits every year.

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. Investors must maintain the original number of shares they purchased for the full three years, even if their value rises above the €2 million investment requirement. After three years, the immigrant investor may divest a maximum of 50 percent of his or her shares. One year later, they are allowed to divest an additional 25 percent and after a total of five years from the original date of purchase, he or she may fully divest. Please note: candidates do not have to identify exactly which REIT they intend to invest in at the time of application because this might disturb market order. Any REIT a foreign national invests in before receiving official approval from Immigration Ireland will not count for the purposes of the Irish Immigrant Investor Programme.

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. Candidates that act in concert with four or more other immigrant investors may invest as little as €400,000 each as long as the total donation goes to a single project. Immigrant investors must not receive any financial return on their contribution. Since this option does not require an investment, there is no minimum holding period.

Immigrant Investor Program Ireland Process

Step 1: Find a qualified Ireland immigration lawyer

Step 2: Evaluate Ireland investment immigration and citizenship by investment options with legal counsel

Step 3: Work with an Irish immigration attorney to obtain all required supporting documentation

Step 4: Submit an application to Ireland immigration officials based on one of the four currently available investment options, together with supporting documentation. No investment is required at this time, but a non-refundable filing fee of €1,500 must be paid for the main applicant and any accompanying family members. Ireland Investor Visa applications are only accepted during official intake "windows" that occur approximately five times a year and last about 25 days each.

Step 5: Obtain approval of Ireland Golden Visa application from the Immigration Ireland Evaluation Committee. The Evaluation Committee is empowered to recommend Investment Visa applications for approval by the Minister for Justice and Equality.

Step 6: Once the Minister for Justice and Equality approves an Irish Investor Visa application, the candidate must make their prescribed investment and submit proof that the investment has been made in full

Step 7: Supply evidence of sufficient private medical insurance

Step 8: Submit an Affidavit of Good Character issued by an attorney at law licensed to practice in Ireland. This requirement is separate from the statement of good character from the police that was included in the initial application.

Step 9: Once the investment is officially confirmed, successful applicants will be granted an initial two-year residency in Ireland together with any eligible family members that were included in the application. Ireland Investor Visa holders need not actually reside in Ireland to maintain their residency.

Long-Term Residency in Ireland

After two years, investors can have their Ireland residence permit renewed by submitting evidence that they have maintained their investment for the required holding period (depending on which investment track was selected). As long as a person's investment still qualifies (he or she did not divest too early), they are financially stable (investor has not become a financial burden upon Ireland), and they maintain good character (investor has not been investigated or charged for a criminal offence anywhere in the world), his or her residence permit can be extended for another three years.

After this, Investor Visa holders can apply for an extension of their Irish residence permit every five years thereafter. There are no further investment requirements, although financial stability and good character requirements still apply.

Ireland Citizenship by Investment

The Ireland Immigrant Investor Programme is officially a residency program, not a citizenship by investment program. Nevertheless, participants are entitled to apply for Irish citizenship on the same terms as anyone else, and a resident permit can assist immigrant investors in meeting the residency requirements for Irish citizenship.

To be eligible to apply for Irish citizenship by investment, immigrant investors must have been resident in Ireland for at least 12 months immediately prior to their application date and must have been resident in Ireland for four of the immediately preceding five years prior to their application date. For citizenship eligibility purposes, "residency" requires an actual physical presence in the country, although a person can still be considered a resident of Ireland if they leave from time to time for business trips or vacations. Candidates must spend most of their time in a given year physically present in Ireland in order to be considered a resident of Ireland for that year.

Dual Citizenship (Second Citizenship by Investment)

Since Ireland recognizes dual citizenship, the country will not force citizenship applicants to abandon their current citizenship in order to obtain Ireland citizenship through investment. Consequently, an Ireland Golden Visa may be of particular interest to high net worth individuals (HNWI) interested in obtaining an excellent second citizenship.

Investor Visa Ireland Supporting Documentation

Required Documents for Enterprise Investment Option:

  • A comprehensive business plan that provides a detailed description of the financial investment being made. The business plan should explain how the business will create or maintain employment in Ireland, and how the applicant intends to ensure a financial return on their investment. A template business plan is available on the Irish Naturalisation and Immigration Service (INIS) website.
  • If investing in an existing Irish enterprise or a non-Irish enterprise that is being relocated to Ireland, applicants must provide recent audited accounts for the existing company. This documentation is unnecessary if the individual is starting a new business in Ireland.

Required Documents for Real Estate Investment Trust (REIT) Option:

  • After an Irish Investor Visa application has been approved by the Minister for Justice and Equality, the applicant must submit a share certificate and a letter from their broker specifying the number of REIT shares purchased, the purchase date, the share price, as well as the total amount of the investment. Applicants will not be granted residence permission until they have submitted this documentation.

Required Documents for Endowment Option:

  • A detailed statement on how the donated funds are to be used by the beneficiary and how it will benefit the public. The business plan template accessible on the INIS website and used for the Enterprise Investment option can be adapted for this purpose.

In addition to the track-specific documentation provisions listed above, the following supporting documents are required for all Irish Investor Visa applications, regardless of the specific investment track.

Evidence of Net Worth

Ireland Immigrant Investor Program candidates are required to provide a thorough explanation of their financial activity over the previous 12 months, including the following information and documents.

(a) Proof of Investments:

  • Nature of the investment
  • Amount invested
  • Percentage of equity acquired in any company
  • Names of other shareholders and their equity percentages
  • Name of any shareholder who sold applicant an equity interest
  • Source of the funds invested
  • The registered capital of the company invested in, as it stood immediately after the investment was made
  • The purchase price for any real property that was bought
  • Amounts of any personal investments, share purchases or other securities, and the investment income obtained

(b) Proof of Income:

  • Earned income
  • Job title
  • Duration of employment (if the applicant changed positions during the last year)
  • Monthly salary, bonus, and commissions
  • Dividends
  • Inheritances received
  • Gifts received, including the source, the reason for the gift and the donor's financial capacity to offer the gift

(c) Proof of Loans:

  • Amounts and repayment dates of any bank loans received
  • Amounts and repayment dates of any mortgages granted
  • Amounts and repayment dates of any other loans received

Evidence of Good Character

Ireland is a safe and reputable country and is only interested in attracting international businessmen and businesswomen who are upstanding and well-respected individuals. Consequently, the following documents must be provided to Irish immigration officials to ensure only deserving applicants are approved for Irish Golden Visas.

Proof of Character:

  • Statement of good character issued by the police in applicant's home country as well as from each jurisdiction he or she has lived in for six months or more consecutively during the ten years preceding the date of their Ireland Investor Visa application. Any family members included in the Immigrant Investor Programme application who are over 16 years of age must also provide such statements in order to be eligible for Ireland investment immigration.
  • Due diligence screening by a reputable international risk management or security screening organization. This is not an absolute requirement but is strongly recommended. An Irish immigration attorney will be able to refer Investment Visa candidates to such an agency.

Evidence of Availability of Investment Funds

Irish Investment Visa applicants must supply evidence of the existence of the funds that will be invested in Ireland. This evidence must include at least one of the following documents.

Proof of Liquid Assets:

  • Letter from a financial institution regulated by the Central Bank of Ireland
  • If funds are not held in a financial institution regulated by the Central Bank of Ireland (for example, if they are held outside of Ireland), personal bank statements from the appropriate bank regulated under the authority of its home jurisdiction showing the amount of funds available in the applicant's name for the three months preceding the application date. These statements must be originals printed on bank stationery, and they must show the full amount of available funds.
  • Letter from a bank outside of Ireland where funds are held, dated no more than a month before the Irish Investment Visa application submission date. This letter must confirm the individual's name, the amount of money held, proof that the bank is regulated by the appropriate regulatory authority, the dates of validity of the information in the letter (which should begin three months before the date of the letter and end on the date of the letter), as well as the balance of the account to cover the amount claimed as a credit balance for the three months preceding the date of the letter. The letter must be an original document printed on the bank's letterhead.

Evidence of Source of Investment Funds

Ireland Golden Visa applicants are required to prove the source of the funds that will be invested through documentary evidence. These sources may fall within the following categories: (a) deeds of sale, (b) business and investment activities, (c) inheritance, and/or (d) divorce settlements. The following documentation is required to demonstrate the legal accumulation of the money that will be invested in Ireland.

(a) Proof of Deeds of Sale

  • The original deed of sale with at least the following information:
    • applicant's name
    • date of the sale
    • value of the sale in the local currency
  • Copy of the public registration of the sale, if such registration is required in the jurisdiction of the sale
  • Verification letter from an attorney licensed to practice in the jurisdiction of the sale, which includes the following information:
    • attorney's name
    • name of the attorney's licensing authority (a bar association for example)
    • date of the sale
    • confirmation that the sale was genuine (it actually occurred) and that it conformed to the laws of the jurisdiction in which it occurred
    • confirmation that the funds are available to the individual
    • date the verification letter was issued
    • identification of what was sold
    • amount of money the asset was sold for
    • name of the person who legitimately received the proceeds of the sale
    • the date that the money was received

Please note: in order to be valid for consideration under the Ireland Immigrant Investor Program, the deed must meet all formal legal requirements of the jurisdiction where it was issued.

(b) Proof of Business and Investment Activities

  • Financial account documents (profit and loss account or income and expenditure account). The documents should indicate the funds available for investment and should meet all the requirements for such a letter that apply in the corresponding jurisdiction.
  • Letter of verification from an attorney licensed to practice in the jurisdiction where the business is operating, which must include the following information:
    • lawyer's name
    • attorney's original signature (not a copy)
    • name of the bar association or other authority that licenses the lawyer
    • the date upon which the details were confirmed
    • confirmation that the applicant can lawfully withdraw the appropriate amount of funds from the business

(c) Proof of Inheritance

  • A notarized copy of the will that includes the following information:
    • date of the will
    • identification of Ireland citizenship by investment candidate as a beneficiary
    • amount of money inherited
    • name(s) of the executor(s) of the will
    • any codicils to the will that might affect the amount of money received

A verification letter from an attorney licensed to practice in the jurisdiction where the will was made, which must include the following information:

  • date of the letter
  • attorney's name
  • lawyer's licensing authority (a bar association, for example)
  • the date that Irish citizenship by investment candidate received the money from the will
  • names of the testator and the beneficiaries
  • amount of money received
  • confirmation that the will is signed and valid, and that it conforms to the legal requirements of the jurisdiction in which it was created

Please note: only monetary instruments such as money count towards the investment amount. Ireland Investor Visa candidates cannot use an estimate of the value of any other assets received. If the individual received a house, for example, they are not permitted to use its value towards the requisite investment amount, they must first sell it and then submit the deed of sale in accordance with the Ireland immigration requirements detailed above.

(d) Proof of Divorce Settlements

  • A notarized copy of the divorce settlement agreement splitting assets after the divorce
  • A verification letter from an attorney that includes the following information:
    • name of the lawyer
    • lawyer's licensing authority (a bar association, for example)
    • the names of the two people getting divorced
    • date of the verification letter
    • amount of money received by Ireland citizenship by investment candidate as a result of the settlement
    • the date that the money was received
    • confirmation that the divorce has been completed and that it is valid under the laws of the jurisdiction in which it took place

(e) Proof of Other Sources

  • Gifts from relatives retained earnings, and funds in a joint bank account may be counted as long as the amount has been legally acquired and the applicant has the legal authority to transfer these funds to Ireland
  • On a case-by-case basis as determined by Ireland investment immigration officials, other funds may be allowed provided the applicant submits original documentation confirming the source of the funds together with supporting documentation. Government officials for the Ireland Immigrant Investor Program can be contacted directly to discuss the details of these unique requirements.

Evidence of Ability to Transfer Funds

Investor Visa Ireland applicants must prove that they have the ability to transfer the required funds to Ireland and convert them into euros. This proof must be submitted in the form of a letter from their bank or financial institution that confirms the following information.

Proof of Available Funds from Bank:

  • Date of letter
  • Amount of money available to be transferred to Ireland
  • Amount of money that a candidate intends to transfer
  • Confirmation that Ireland Investor Visa applicant is the beneficial owner of the funds
  • Guarantee that bank or financial institution will confirm the foregoing assertions to INIS if so requested

Ireland Immigrant Investor Program applicants must submit an original of this letter, and it must be printed on official bank letterhead. Under no circumstances will Irish immigration officials accept a copy of this letter in lieu of an original.

Evidence of Relationship with Accompanying Family Members

In order for a family member to be included under a Golden Visa Ireland application, evidence of his or her relationship with the primary applicant must be provided.

Children 
All children under 18 years of age may be included in an Ireland Investor Visa application, and they may be issued EU residency by investment, as long as the main applicant has legal guardianship over them. Dependent children between the ages of 18 and 24 will also be considered for an Irish resident permit if they are unmarried with no civil or common-law partner and are financially dependent on the main applicant.

Spouse 
A spouse, civil partner, or common-law partner may also be included on an Ireland Golden Visa application. Evidence of the relationship must be demonstrated by a marriage certificate or civil partnership certificate. In cases of a common-law affiliation, Irish residency by investment applications should also include evidence of at least two immediately preceding years of cohabitation to prove the legitimate relationship with the common-law partner.

Ireland Investment Program Approval Process

All Irish Golden Visa applications will be evaluated by the Ireland Immigrant Investor Program Evaluation Committee, consisting of senior Government officials. During the process, all supporting documents will be thoroughly reviewed and the details of the investment proposal will be intensely analyzed. If the Evaluation Committee approves an Irish Investor Program application, it will then issue a positive recommendation to the Minister for Justice and Equality, who will make the final decision. Once approved by the Minister, the applicant and their family will be approved in principle for Ireland Golden Visas.

The Evaluation Committee will adjudicate an Ireland Investment Immigration Program application on a variety of factors.

Assessment Components:

  • Applicant's personal profile
  • Proposed project's commercial viability
  • Jobs likely to be created in Ireland by the project
  • Project's overall impact on the Irish economy

Post-Approval Requirements and Procedures

Once an Immigrant Investor Program Ireland application is approved, the applicant must complete the remaining steps to formally be given Ireland residency by investment.

Final Requirements:

Make the investment, and submit documentary evidence that the prescribed investment was made in full

Submit evidence of sufficient private medical insurance

Prepare an Affidavit of Good Character in which primary applicant affirms, on penalty of perjury, that he or she has no criminal convictions. Any adult family members included on the Ireland citizenship by investment application must also complete this requirement independently affirming that they also have no criminal record. The main applicant can make this affirmation on behalf any children under 18 years of age within their own affidavit.

Golden Visa candidates will need to be personally present in Ireland to prepare their sworn affidavits. Since they will not yet have been issued an EU residence permit by this time, INIS will assist individuals in obtaining any necessary visas.

The main applicant and all accompanying family members will be issued "Stamp 4" residence permits that will allow the holder to live, work, start a business and/or study in Ireland as desired for the next two years, without any further visa requirements (there will not be any need for student visas or work visas, for example). Neither the main applicant or any family members are required to actually live in Ireland, however, they need only visit the country once every calendar year, even if only for one day.

Ireland Investment Visa Processing Times

Most Ireland Immigrant Investor Program applications are adjudicated within three to four months of formal submission. A significant percentage of applications, however, take longer than this. In many cases, Investment Visa application processing delays result from the Evaluation Committee having to ask the applicant for further information that was not included in the initial application. Consequently, it is in an applicant's best interest to submit as complete an application as possible so that processing can be expedited. Hiring an experienced Ireland immigration lawyer can ensure that an Irish Golden Visa application is completed properly and that all essential supporting documentation is included, to minimize processing delays.

Comparing Immigrant Investor Programs

Several countries offer reputable investment immigration programs including the UK, Canada, the United States, and Australia. Although the Investment Visa Ireland net worth requirement is significant, the actual cost of Irish Investor Citizenship is very reasonable. If you purchase the right assets, it is even possible to earn money while acquiring European immigration by investment through the program.

Thanks to Brexit, many wealthy businessmen and businesswomen are considering an Ireland Golden Visa instead of a UK Tier 1 Investor Visa. The fact that Ireland is an imperative part of the European Union with no plans to ever leave is inviting to many investors. Ireland Investment Citizenship may not be instant, but the country's stability, reputation, and growing economy help make it remarkably attractive.

Immigrant Investor Programme Ireland

Complete Investment Visa Ireland application packages, including the application form, two colour photographs of the main applicant and each accompanying family member, and the application fee, can be mailed to the following address.

Investment and Start-Up Programmes
Irish Naturalisation and Immigration Service
13-14 Burgh Quay
Dublin 2
D02 XK70

In addition to the paper application, applicants should also email a digital copy of their Ireland Investor Visa application form to investmentandstartup@justice.ie (the subject line should be your name, the name of your project and "II Programme"). You can visit the official Irish Naturalisation and Immigration Service website here. If you have retained the professional services of an Ireland immigration lawyer specializing in EU investor visas, his or her service will likely include the submission of your application for you. Many Ireland Investment Visa attorneys will also represent you throughout the process, handling official Government communication on your behalf.

Golden Visa Ireland Extensions

After two years, the main applicant and any of their accompanying family members may apply for three-year extensions of their Irish resident visas. To gain an extension, an investor immigrant must show the following.

Investor Visa Extension Requirements:

Investment is still in place (actual investment performance is irrelevant)

Golden Visa holder has not become a financial burden upon Ireland

Golden Visa holder has not been investigated, indicted, or convicted for any criminal offence anywhere in the world

After five years, all investment requirements will lapse, and the applicant may withdraw his or her investment if they so desire. At this time, the applicant and their accompanying family members may renew their Irish Investor Visas for successive five-year periods for as long as they desire, subject to the following conditions.

Long-Term Residency Requirements:

Investor Visa holder does not become a financial burden upon Ireland

Investor Visa holder is never investigated, indicted, or charged with a criminal offence anywhere in the world

Investment Tracks No Longer Available

The following two investment options have been officially suspended and no longer qualify a person for an Investor Visa in Ireland.

Discontinued Options:

Immigrant Investor Bond: €1 million invested into the bond at zero percent interest

Mixed Investment: investment of $450,000 into a residence and $500,000 into an immigrant investor bond

Discount Available for Educational Expenses

Ireland Immigrant Investor Programme applicants can discount up to €50,000 from the minimum required investment to offset qualifying educational expenses incident to attendance at an Irish institute of higher education. To qualify for such a discount, the candidate will need to submit a letter from the institution (a recognized university or institute of technology in Ireland) confirming the offer and acceptance as well as applicable tuition fees.

Europe Golden Visa

If you are interested in a European Golden Visa, we highly recommend you research the many merits of the Irish Investment Visa. It can potentially make Irish citizenship through investment possible and provides European residency in a fast and efficient manner. While European Golden Visas in countries such as Spain, Portugal, and Greece are predominately focused on real estate, the Irish investor residency scheme accommodates a wide variety of different investment options.

Ireland Investment Immigration FAQs

Is the Ireland Investor Program subject to a numerical quota on how many residence permits will be issued each year?
At this time there is currently no restriction on the number of Irish Golden Visas issued under the program annually.

If I get married or have children after my Investor Visa has been granted, can my new family member get one too?
Yes, your new spouse or child would be eligible for a resident permit in Ireland based on your Immigrant Investor Programme application.

How should my Investment Visa application fees be paid?
The non-refundable fee of €1,500 required by Immigration Ireland should be submitted in the form of a Postal Order or Bankers Draft drawn from an Irish financial institution. It should be made out to the Secretary General of the Department of Justice & Equality. If you are using the legal services of a professional, you can typically pay this amount directly to your legal representative and they will pay INIS on your behalf.

What can I do if my application is rejected?
A rejection of your application by the Minister of Justice and Equality is final, and there is no appeal process. If you are rejected, your rejection letter will include a written statement of the reasons for your rejection, and you will be free to apply again at a later date. Retaining the services of an experienced Irish Investor Visa lawyer can maximize your chances of success.

Is Irish citizenship for sale?
Some people think the Immigrant Investor Program offers Ireland citizenship for sale, or that you can somehow buy an Irish passport through the program. This is completely incorrect, and it is absolutely not possible to buy Irish citizenship through the program. The program simply facilitates an expedited Ireland resident permit for qualified foreign nationals and their families from outside the EU who make legitimate investments in the country and maintain them. The entire goal is to encourage successful international business professionals to invest in Ireland.

Do many people immigrate to Ireland?
As the economy in Ireland continues to strengthen, the country has been growing in popularity as a choice destination for international students and well-educated immigrants. The Irish Naturalisation and Immigration Service (INIS) plans to process over 250 thousand immigration applications in 2019.

Under what conditions might an investor residence permit be revoked once it has already been granted?
There are several reasons an Irish residence permit granted under the country's Investor Immigration Program can be revoked. If a deportation order is issued against the permit holder, or they are convicted of a criminal offence, Ireland may revoke the Golden Visa. If it is discovered that the residence permit was fraudulently obtained in the first instance (if, for example, the person lied or omitted information about an important matter in their Immigrant Investment Programme application), the Investor Visa can also be revoked. Lastly, if the permit holder withdraws his or her investment before they have completed the minimum holding period required under the Investment Program's terms and conditions, they can lose their residency permit.

The purpose of the Ireland Immigrant Investor Programme is to create jobs in the country and to further develop the local economy. Program rules should be interpreted in light of this clearly stated objective.

Information Required on Investment Visa Application Form

The official Ireland Immigrant Investor Programme application form requires a substantial amount of pertinent information.

Mandatory Information:

  • Family name
  • Given names
  • Nationality
  • Sex
  • Date of birth
  • Country of birth
  • Passport number
  • Date of issue of passport
  • Date of expiry of passport
  • Place of issue of passport
  • Current residential address
  • Address for official correspondence (can be Irish immigration lawyer's office)
  • Telephone number
  • Email address
  • Residence history (list of past addresses)
  • Additional passport information (if the applicant holds a second citizenship)
  • Occupation and business activity information
  • Name and address of employer or business
  • Position with employer or business
  • Description of business activities
  • Marital status
  • Detailed information about spouse including employment details (if applicable)
  • Detailed information about children including school details (if applicable)
  • Irish immigration history
  • Immigration history in all other countries
  • Comprehensive financial information
  • Criminal history
  • Deportation history

In addition to providing the requisite information listed above, Irish Golden Visa candidates must also sign a legal declaration on the preeminent application form.

Nomination of Financial or Legal Representative

The Irish Naturalisation and Immigration Service will only permit legal and financial representatives who are registered to practice law in Ireland, are a member of a recognised body of accountants, or are an employee of a financial services company regulated by INIS.

If you are interested in professional help applying for an Ireland Investor Visa or Ireland citizenship by investment, you should ideally contact an experienced expert who meets the above requirements. To expedite processing of an Investment Visa Ireland application, photocopies of some original documents may be submitted provided the original document is mailed to the appropriate Irish immigration department via Registered Post.

Facts About Ireland For Investors

The Economy

  • Ireland is a stable, competitive, secure and pro-business country.
  • The Irish economy is the fastest growing in the Eurozone.
  • The Irish Government is committed to sustainable management of public finances and Ireland receives an ‘A’ grade from all major credit rating agencies.
  • Ireland is a committed member of the EU Single Market and the Eurozone.

There is strong public support for Ireland’s EU membership.
- 92% think Ireland has benefited from EU membership
- 85% think that Ireland’s membership of the EU is a good thing
- 88% support the Euro

Talent and Education

  • Ireland’s young workforce is capable, highly adaptable, educated and committed to achievement.
  • Ireland has the youngest population in Europe with one-third of the population under 25 years of age. The population is forecast to increase by almost one million people to 5.75 million by 2040.
  • Ireland has one of the most educated workforces in the world.
  • The share of 30-34-year-olds in Ireland with a third level qualification is 53.5%, compared to an EU average of 40%.
    Ireland’s education system is amongst the best in the world.
  • It ranks in the top 10 globally for the quality of the education system and university education that meets the needs of
    a competitive economy.
  • Ireland is implementing a comprehensive and forward-looking National Skills Strategy and Action Plan for Education, which aims to make Irish education and training the best in Europe by 2026.
  • In 2017/2018 over 220,000 students enrolled in third level courses across Ireland’s universities and colleges.
    Almost 30% of students enrolled in Science, Technology, Engineering and Maths (STEM) courses*.
  • 8,357 students were pursuing a Doctorate in 2016/17.
  • The Government’s Technology Skills Action Plan (2014-2018), aims to maintain Ireland’s position as a global leader for technology talent and skills.
  • Springboard+ provides free higher education courses in areas of identified skills needs to unemployed people, those previously self-employed and those turning to work.
  • Skillnet Ireland aims to increase participation in enterprise training by companies. It currently supports over 15,000 companies and provides learning experiences to over 50,000 trainees.
  • There are more than 535,000 non-Irish nationals living in Ireland, with persons born abroad accounting for just over 17% of the country’s population.
  • 12 nations – Brazil, France, Germany, India, Italy, Latvia, Lithuania, Poland, Romania, Spain, the UK and the U.S – account for 74% of the non-national population.
  • There were 347,233 non-Irish nationals in the labour force when the latest census was conducted in 2016.
  • The 2016 Census revealed that over 612,000 residents spoke a language other than English or Irish at home – a 19% increase on 2011.
  • Companies operating in Ireland have access to a labour pool of almost 250m people from across the EU.
  • For companies who need to recruit talent from outside the EU, IDA Ireland works in close consultation with the relevant Irish authorities on securing employment permits and visas.
  • Companies can also avail of a streamlined employment permit applications under the Trusted Partner Initiative.

A Competitive Economy

Ireland is the 3rd most competitive economy in the Eurozone and the 5th most competitive in the EU.
Maintaining and improving competitiveness as the economy grows is a key Government priority.

Cost of Living

The cost of living in regional locations in Ireland compares exceptionally well to other competing cities, while Dublin ranks among the top 10 European cities for purchasing power.
The Government’s Rebuilding Ireland Action Plan is targeting a doubling of the output of new homes to deliver 25,000 units per annum on average by 2020.

Labour Costs

Irish labour costs have grown at an average of less than 2% annually over the last five years.
Hourly labour costs in Ireland are mid-range in Europe and below the Eurozone average.

Research Opportunities

An exceptional level of collaboration between industry, academia, state agencies and regulatory authorities drives Ireland’s dynamic R&D sector. The Innovation 2020 strategy on R&D, science and technology aims for Ireland to become a Global Innovation Leader.

Ireland has a strong national research ecosystem with 14 priority areas for Government investment in research clustered across 6 themes. Multiple research centres are located throughout Ireland focusing on RDI projects for specific key industry sectors ranging from ICT to Nanotechnology and Marine Science.

Examples include:

  • INSIGHT, Ireland’s Big Data and Analytics Research Centre and CúRAM, the Centre for Research in Medical Devices.
  • The €500m Disruptive Technologies Innovation Fund (DTIF) is seeking applications for funding of over €1m for investment in the research, development and deployment of disruptive technologies and applications.
  • The DTIF aims to support collaboration between enterprises and the public research system.
  • Ireland also benefits from access to EU funding under programmes such as Horizon 2020.

Ireland’s standing in Global Research

Ireland is 11th in global scientific ranking for overall quality of scientific
research, an impressive upward trajectory from a position of 48th just 13
years ago. Ireland also ranks highly in specific fields such as:

Source: SFI Annual Report 2017; InCites, Clarivate Analytics

  • An exceptional level of collaboration between industry, academia, state agencies and regulatory authorities drives Ireland’s dynamic R&D sector.
  • The Innovation 2020 strategy on R&D, science and technology aims for Ireland to become a Global Innovation Leader.
  • Ireland has a strong national research ecosystem with 14 priority areas
  • for Government investment in research clustered across 6 themes.
  • Multiple research centres are located throughout Ireland focusing on RDI projects for specific key industry sectors ranging from ICT to Nanotechnology and Marine Science.

Examples include:

  • Ireland’s Big Data and Analytics Research Centre and CúRAM, the Centre for Research in Medical Devices.
  • The €500m Disruptive Technologies Innovation Fund (DTIF) is seeking applications for funding of over €1m for investment in the research, development and deployment of disruptive technologies and applications.
  • The DTIF aims to support collaboration between enterprises and the public research system.
  • Ireland also benefits from access to EU funding under programmes such as Horizon 2020.

Ireland’s standing in Global Research

Ireland is 11th in global scientific ranking for overall quality of scientific research, an impressive upward trajectory from a position of 48th just 13 years ago. Ireland also ranks highly in specific fields such as:

Connected Research:

1st for Immunology
1st for Animal and Dairy
2nd for Nanotechnology
2nd for Agricultural Sciences
4th for Molecular Biology and Genetics
5th for Material Sciences6th for Basic Medical Research
6th for Neuroscience and Behaviour
7th for Mathematics
8th for Chemistry
8th for Microbiology

Irish Taxes

  • Ireland’s corporate tax rate is 12.5%.
  • The PWC ‘Paying Taxes 2018’ report ranked Ireland 1st in Europe for ease of paying business taxes.
  • An R&D tax credit at 25% is available for all qualifying R&D activity and is calculated on the company spend net of grant aid.

Social Security Contributions 2018

  • PAYE Related Social Insurance is payable by employers and employees.
  • PRSI Employer = Subclass "A1" (>€424 a week) - 10.85% on all income
  • PRSI Employee = 4% on all earnings

Standard Rates of Universal Social Charge (USC) from 2019:

  • Income up to €12,012.00 at 0.5%
  • Income from €12,012.01 to €19,874.00 at 2%
  • Income from €19,874.01 to €70,044.00 at 4.5%
  • Income above €70,044.00 at 8%

Regulations

  • Ireland’s strong legal and regulatory landscape makes the country an attractive and stable place to do business.
  • Irish regulators across different sectors have a strong reputation for excellence.
  • Key bodies in the Irish regulatory landscape include
  • the Central Bank of Ireland, the Health Products Regulatory Authority (HPRA) and the Data Protection Commission.

- The HPRA boasts an international reputation in regulatory compliance.
- The Central Bank of Ireland is the regulator of all Financial Services firms in Ireland.
- The Irish Data Protection Commission has a dedicated unit for multinational companies.
- The NSAI is Ireland’s standards and certification authority.

Ireland participates in EU regulatory fora and is represented by the relevant national authorities at European level.

Infrastructure

  • Ireland will invest €116 billion in public infrastructure and capital works under the National Development Plan 2018-2027.
  • Public capital investment in Ireland will move from relatively low levels following the global economic downturn to being among the highest in the EU.
  • The Plan focuses on ten strategic investment priorities including enterprise, skills and innovation capacity, housing and sustainable urban development, the national road network, environmentally sustainable public transport and climate action.

Commercial Property

Key Developments:

  • 26 office schemes of more than 350,000 sq. m. were under construction in Dublin city centre at the end of Q3 2018.
  • 29,000 sq.m. of new office developments were under construction in Cork at the end of Q2 2018 with a further 163,000 sq.m. in the planning system.
  • There is excellent rental value in regional locations outside Dublin. Flexible workplace offerings are growing in prominence.

Transportation

  • Ireland has extensive transport links to Europe and the rest of the world. Over 400 flights a week leave from Dublin, Cork and Shannon to London US Pre-Clearance facilities at Dublin Airport and Shannon Airport are the only ones of their kind in Europe.
  • New connections in 2019 include direct flights from Dublin to Montreal, Minneapolis and Stuttgart.
  • Irish ports offer transport services, facilities and maritime supply chain solutions to a number of industry sectors.
  • Irish port traffic account for over 90% of imports and exports moved in and out of Ireland and facilitate an annual average of 4.5 million foot and car passengers over the past five years.
  • Ireland’s three main ports are Shannon Foynes, Cork and Dublin which account for over 80% of total bulk volume.

Ireland has a proven track record as a successful location for multinational companies from around the world. Ireland is home to world-leading, established companies and also to high growth companies that will shape the economy of the future. IBM’s Global Location Trends ranks Ireland 1st for attracting high-value FDI projects.

There are thriving clusters across the country in sectors such as Medical Technology, Pharmaceuticals, Financial Services and Internet Technology. One-third of MNCs in Ireland have had operations in the country for over 20 years, illustrating the longevity, resilience and commitment of MNCs to Ireland.

Ireland Golden Visas
How to Secure Irish Residency & citizenship

Name: Secure Your Irish Golden Visa as an Investor

Description: Ireland for years was over looked by investors who wanted to secure residency and a second citizenship by investment as there was no viable options available.

In the past 5-years Ireland has emerged as a leading provider of residency and citizenship for investors.

As a member of the EU Ireland has a lot to offer potential investors and worth a closer look.

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