Latest Update on Ireland IIP Visa (April 2023)
The Irish Immigration Service has announced to close the Immigrant Investor Programme (IIP) from 15 February 2023.
However, the closure of the IIP will not affect existing projects already approved under the programme. Existing approved projects, including Enterprise investment and donations, will have a buffer period and applicants can still be accepted within that period.
We still have a small number of Immigrant Investor Programme projects approved by the Irish Government. If you are interested in applying, please contact us as soon as possible to discuss further.
Current available projects (April 2023)
The Immigrant Investor Programme (IIP) offers a residency status in Ireland for high net-worth individuals who wish to invest in Ireland.
The advantages of this visa are the short processing time, secure investment options, no language or education requirements and flexible residency requirement.
In order to qualify for the IIP, the applicant must have a minimum net worth of €2million and provide the details of source of funds. It can be in the form of property, investments, cash and so forth.
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A minimum endowment of €400,000 is required in an Irish public project benefits the arts, sport, health, cultural, or educational field. Once the endowment is made, no further financial obligation is required under the IIP programme.
The standard processing time of the Irish Naturalisation and Immigration Services (INIS) is 6-9 months.
Receive the pre-approval letter from the INIS and make the investment within 90 days
Travel to Ireland and receive a two-year residency status (Stamp 4)
Renew the residency status for another 3 years
The Irish government has announced the cancellation of the Immigrant Investor Program (IIP) on 14 February 2023, but applications for approved projects can be accepted as long as there are still available places. Currently, we still have limited number of spaces for both endowment and enterprise investment projects. If you are still considering applying, please contact us for more information.
Their immigration permission remains valid and will be renewable in the normal manner for those who have been approved and completed their investment.
Yes, it is open to you to complete your investment within the 90 days. An approval letter will issue once evidence of the investment is submitted to the IIP unit. It should be noted that no extensions will be granted at pre-approval stage.
The preparation time mainly depends on whether the applicant’s funds and documents are ready.
In general, you can expect that the entire timeframe would be around 9-12 months, the breakdown for each stage is outlined below:
Based on the CTA arrangement between the UK and Ireland, Irish and UK citizens can live in either country and enjoy associated rights and privileges, including: