July 24, 2021
The Irish Immigrant Investor Programme (IIP) remains the most attractive residency program for many HNWI families in the World. It is a Residency by Investment program opened in 2012 and is available to any non-EEA national who can meet all the eligibility requirements, including good character and no criminal record.
The Irish IIP equally competes with 3 of the world’s most popular immigrant investor schemes – Canada Quebec (C$1.2m), UK tier1 investor (£2m) and US EB-5 ($900,000)
Ireland offers 4 pathways to becoming a permanent resident through this program :
1. Enterprise Investment (EURO 1 million for a 4-year term) : Investment in a government approved project, with monies being secured by means of a legal “First Charge” on property for the term of the investment.
2. Investment Fund (EURO 1 million for a 3-year term) : Investment is not secured on assets and are subject to investment performance
3. Real Estate Investment Trusts : EURO 2 million for a 5-year term
4. Endowment (donation) : EURO 400,000
Advantages of investing in the Irish Immigrant Investor Programme :
- Access to EU and UK
Irish citizens are the ONLY nationality in the world with the right to live and work in both the European Union and the United Kingdom. Irish Citizens who come to reside in the UK are considered to be ‘settled’, and therefore there are no requirements to obtain a work or residence permit.
Under the CTA, British and Irish citizens can move freely and reside in either jurisdiction and enjoy associated rights and privileges, including the right to work, study and vote in certain elections, as well as to access social welfare benefits and health services (e.g. NHS).
- Best European Golden Visa
In 2021, Ireland was ranked the No.2 Golden visa program in the world, behind only Portugal.
- Permanent Residency
The Irish IIP Program grants instant permanent residency status, known as Stamp 4, from day one the visa is granted to you.
- Highest Living Standard
Ireland’s education, healthcare, and lifestyle quality rank among the best in Europe. Ireland ranks above the UK and US on the United Nations (UN) standard of living. The Irish people are known for their friendliness and hospitality.
- Peaceful nation
Ireland is one of the most peaceful countries in the world, with a stable political climate and is ranked 8th in the Global peace index for 2021.
- Tax Haven
Ireland has been long considered a corporate tax haven in Europe. Ireland does not tax worldwide income for non-residents. It is home to world-renowned multinational companies, attractive for business setups and has a Corporate Tax Rate of only 12.5%.
- One of the world’s most powerful passports
The Irish passport is one of the most powerful passports in the World, with visa-free or visa-on-arrival access to 188 countries and territories, ranking the Irish passport 6th in the world in terms of travel freedom.
- English speaking
Ireland is the only country in the European Union (EU) with English as the official language.
- One day Residence
The Irish Golden Visa (IGV) has only a 1-day Residence Requirement for investors. Hence, investors and their families can continue to retain their PR status without having to reside in Ireland.
- Geographic Proximity to US/Canada
Ireland is in close proximity to Canada, US, Latin America, North Africa and the Middle East. This makes it attractive for investors. New York City is just 5 hours away. There are daily flights to the US from numerous airports around Ireland. Ireland is super attractive for Americans and Canadians to invest, live and do business.
- Top Universities
Education is the most important deciding factor for many HNWI families. Ireland boasts of a world-class education system and has some of the best universities in the world. There are 34 Higher Education Institutions offering an extensive range of over 5,000 programs, leading to internationally recognized degrees for students. Children of investors have free access to the Irish public school system and local university fee after 3 years of residence.
- Irish Citizenship
The IIP program offers full path to citizenship and passport after 5 years, without compulsory living in Ireland. This is when the stamp 4 is converted to citizenship.