Ireland’s Immigrant Investor Program is aimed at wealthy high net worth investors from outside the EU and EEA who are willing to invest in excess of one million into Ireland in return for five years (or more) of residency there for themselves and their family. The long-term hope of the program’s creators is for the investors to establish a permanent relationship with Ireland.
Each potential investor’s application will be carefully examined by an independent interdepartmental committee who are looking to determine the following:
To be considered suitable for the Irish Immigrant Investor Program, an applicant must invest in one of the following six categories:
Successful applicants can expect to enjoy these benefits:
Geographically Ireland may be a small country, but it has an enormous amount to offer. Despite its size it is still spacious, with lots of things to do and places to visit including beautiful beaches, mountains and lakes, plus an abundance of great golf courses. The standard of living in Ireland is on a par with any major EU nation including France and Germany. Irish people are extremely sociable and enjoy a strong –family-orientated social life.
Ireland has excellent healthcare and education, the cost of living is reasonable and the price of property is cheaper now than it was 10 years ago. Ireland is an EU member state that relies on trade with the European Union to sustain its economy and has no intention of a Brexit-style referendum anytime soon. The Irish passport is one of the most powerful in the world with visa-free access to 172 countries.
It rains in Ireland – a lot! While the summers are sunny, they are somewhat brief, so holidays to the continent are a necessity. Ireland is very much a drinking culture and much of the social life centers around the local pub which can result in nondrinkers feeling somewhat ostracized.
The Irish Immigrant Investor Program is as good as some of the better known visa programs like St. Kitts and Nevis’ citizenship by investment program or Belgium and Portugal’s investor residency programs. There are no less than six investment options to choose from, with the cheapest option being a €500,000 charitable donation.
If an investor is prepared to live in Ireland for five years they will be eligible to apply for full Irish citizenship and its passport. The program also allows for applicants family members to be granted residency at no additional cost. All in all, the Irish Immigrant Investor Program is an exceptionally good program, and an ideal way for a foreign investor to gain full EU citizenship.