Ireland IIP

Introduction

Ireland is the sister country of the United Kingdom. The two countries have similar lifestyle, culture and legal system. After Brexit, Ireland still remain as part of the EU country, hence Irish citizens can study, work and live freely in all the 27 EU countries & the UK.

Meanwhile, Ireland also allows dual nationality. After residing in Ireland for a certain period of time, you can apply for Irish nationality, which allow you to move to the United Kingdom under the CTA agreement signed by Ireland and UK.

Compared with the UK Investor Visa route, applicants only have to invest €1,000,000 to be granted a Permanent Resident status – half of the UK investment funds requirement. With no language or level of education requirement and a residency requirement of only 1 day per year, the Irish Immigrant Investor Programme provides a fast and flexible way for applicants to obtain residency status in Ireland.

Requirements

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.

Eligible Applicants

  • Main applicant must be over 18 years old
  • Dependent Spouse/Partner and children under 18 years of age
  • Adult dependent children between the ages of 18-24, unmarried and in full time education

Financial Requirements

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.

【ViuTV英倫移民特約:下一站 英國.愛爾蘭|愛爾蘭投資移民計劃簡介】

 

【ViuTV英倫移民特約:《智富通 下一站 英國.愛爾蘭》|🇮🇪愛爾蘭投資移民 | 投資選項 | 居住要求 | 申請永居入籍介紹】
 

Ireland Investment Overview

The applicant must invest within 90 days upon receiving the pre-approval letter from the Irish Naturalisation and Immigration Services (INIS). The applicant must choose one of the following permitted investment options below:
A minimum investment of €1.0 million into a new of existing Irish business for a minimum period of three years. This can be a new or existing business that is registered and headquartered in Ireland and the investment must support the creation or maintenance of employment.
A minimum investment of €1.0 million in an approved investment fund for a minimum of three-years. The fund must be invested in an Irish registered company and the fund must be regulated and approved by the Central Bank of Ireland.
A minimum investment of €2 million invested in any Irish REIT, which is listed on the Irish Stock Exchange for a minimum of three-years.

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.

Residency Requirements

  • For Permanent Residency
    • both applicant and dependents must have spent at least 1 day per calendar year in Ireland.
  • For Irish Citizenship (Passport)
    • Live in Ireland legally for 5 years out of the last 9 years before citizenship application for naturalisation
    • Have 1 year continuous reckonable residence in the  before the date of your application 
    • During the 8 years before that, have had a total reckonable residence in the State of 1,460 days* (4 years)
    • Reckonable residence: If you leave for more than 6 weeks in one year, you should not count this period when you are calculating your reckonable residence.

Application Documents

  • Valid passport
  • Hong Kong ID card
  • Marriage certificate
  • Birth certificate
  • Certificate of No Criminal Conviction (CNCC)
  • Application form
  • Evidence of source of net-worth
  • Due Diligence report
  • Property and/or Asset Valuation Report (if any)

Difference between UK investor visa and Ireland IIP

UK Investor Visa Ireland IIP
Investment Funds Invest £2,000,000 Via UK corporate bonds or shares One of the following: 1) Enterprise Investment: €1,000,000 2) Investment Fund: €1,000,000 3) REIT: €2,000,000 4) Endowment: €400,000
Investment Period Until PR status granted 3-5 years
PR Status Requirement Invest £2,000,000 for 5 years Invest £5,000,000 for 3 years Invest £10,000,000 for 2 years 2 + 3 years (Total 5 Years)
Visa Renewal 3 years +2 years 2 years +3 years +5 years+5 years+…..
Passport Requirement 5 years +1 year 5 years
Language Requirement IELTS B1 level for PR registration Not required
PR Residency rules No more than 180 days outside UK each 12 months 1 day per year
Citizenship residency rules No more than 450 days outside UK in total for 5 years, no more than 90 days for the last 12 month. Live in Ireland legally for 5 years out of the last 9 years before application and no absence for the last 12 months before application.

Visa Benefits

  • IIP application is simple in terms of visa requirements. There is no English language or required level of education and no interview required.
  • Applicants can obtain permanent resident status – must spend only 1 day in each calendar year after visa granted and the standard approval time is only 4-6months.
  • IIP offers secure investment options to investors. Applicants only have to invest in the investment options after receiving the approval letter.
  • Both applicant and dependents are permitted to live work and study freely in Ireland
  • Children will have free access to state primary and secondary school in Ireland. For tertiary education, if the visa holder has stayed in Ireland for over 3 years, they can enjoy tuition fee as an EU student.
  • Based on the Common Travel Area (CTA) arrangement between the UK and Ireland, Irish and UK citizens can live in either country and enjoy associated rights and privileges, including:
    • Access to social benefits
    • Access to healthcare
    • Access to social housing supports
    • The right to vote in certain elections

Visa application process

1
Provide free phone preliminary consultation, assess the applicant’s background and answer related questions
2
Arrange a face-to-face consultation to discuss the applicant’s circumstances, eligibility and timeframe
3
Sign Independent Advisory Agreement
4
Prepare investment funds and application documents, we will book an appointment for you to attend the police headquarter to apply for CNCC. Once the documents are ready, we can submit the case.
5

The standard processing time of the Irish Naturalisation and Immigration Services (INIS) is 6-9 months.

6

Receive the pre-approval letter from the INIS and make the investment within 90 days

7

Travel to Ireland and receive a two-year residency status (Stamp 4)

8

Renew the residency status for another 3 years

9
Apply for Ireland Citizenship 

Frequently Asked Questions

After Investing in the designated investment products for the fixed years, the investor may get back the principal or agreed interests. No further investment required.

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:

  • Access to social benefits
  • Access to healthcare
  • Access to social housing supports
  • The right to vote in certain elections

We can assist with your IIP visa application and our service include:

  • Full guidance and support throughout the application
  • Case analysis and planning to identify legal basis of application
  • Coordinating with the relevant qualified Irish Enterprise for investment planning
  • Provide you a tailored list of documents required for your application
  • Checking all supporting documents and source of funds to ensure eligibility
  • Completion of application forms and upload of documents
  • Completion of due diligence report
  • Liaising with the INIS on your behalf
  • Ensure of completion of investment within the specified 90 days period to ensure compliance with IIP’s requirement

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:

  • Our preparation time is around 2 months (including apply for CNCC, prepare relevant documents and due diligence report, complete the application forms)
  • The processing time for the CNCC is around 1 months
  • The standard processing time of the INIS to grant an approval is 6-9 months

With a good quality of life, well-developed economy, outstanding education, healthcare system and language advantages, Ireland has become a new hot spot for relocation.

 

The special connection between Ireland and the UK has also made Ireland a post-brexit stepping stone into the UK.

No, assets solely owned by other individuals, including a spouse, will not be accepted as evidence of net worth.

Yes, provided it has been obtained legally and can be legally transferred and the applicant can demonstrate a net worth of at least EURO 2 million.

Under no circumstances will a loan provided to the applicant for the purpose of making an IIP application will be considered as appropriate source of funds.

Yes, you can add additional family members, including spouse and dependent children under 24, to the permission. Documentary evidence of the marriage and/or birth will be required.

Currently there is no limit on the number of permissions available, however, there are limited quotations available to each enterprise investment projects.

Enquiry