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.
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.
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 minimize 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.
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 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.
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 offense 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.
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.
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.
Required Documents for Enterprise Investment Option:
Required Documents for Real Estate Investment Trust (REIT) Option:
Required Documents for Endowment Option:
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.
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:
(b) Proof of Income:
(c) Proof of Loans:
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:
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:
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
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
(c) Proof of Inheritance
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
(e) Proof of Other Sources
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:
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.
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.
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:
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:
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. Even when working with an Ireland immigration lawyer, all Investor Visa applicants must travel to the country.
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 working 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.
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.
Several countries offer reputable investment immigration programs including the UK, Canada, 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.
Complete Investment Visa Ireland application packages, including the application form, two color photographs of 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.
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:
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:
The following two investment options have been officially suspended and no longer qualify a person for an Investor Visa in Ireland.
Discontinued Options:
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.
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.
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
some how 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 2021.
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 offense, 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.
The official Ireland Immigrant Investor Programme application form requires a substantial amount of pertinent information.
Mandatory Information:
In addition to providing the requisite information listed above, Irish Golden Visa candidates must also sign a legal declaration on the preeminent application form.
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 recognized 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.
All information will always be treated as highly confidential once received by our team!