NOTE: Approved Investment Fund is not available at this point details will follow.
A dedicated e-mail address for queries (but not applications) about the investor and entrepreneur schemes has been set up at firstname.lastname@example.org
Immigrant Investor Programme
The Immigrant Investor Programme is open to non-EEA nationals and their families who commit to an approved investment in Ireland. Approved participants in the Programme and their immediate family members will be granted rights of residence in Ireland which will allow them to enter the State on multi-entry visas and to remain here for a defined period but with the possibility of ongoing renewal. The Programme will facilitate participants, over time, in establishing a permanent relationship with Ireland.
Each application will be examined on its merits in a qualitative examination by an independent interdepartmental committee. The investment has to be good for Ireland, good for jobs and in the public interest, the funds invested have to be legally acquired and owned by the investor (i.e. not borrowed). The person has to be of good character.
In order to be considered for the programme the investor must propose an investment in one or more of the following categories:-
Option: Immigrant Investor Bond
Investment Terms: €1million invested in the bond at 0% interest rate
Option: Enterprise investment
Investment Terms: €500,000 invested in an Irish Enterprise for 3 years
Option: Investment Funds
Investment Terms: €500,000 invested in an approved fund. Approved Investment Fund is not available at this point details will follow.
Option: Real Estate Investment Trusts
Investment Terms: A minimum investment of €2 million in any Irish REIT that is listed on the Irish Stock Exchange. The €2 million investment may be spread across a number of different Irish REITs.
Option: Mixed investment
Investment Terms: Investment in a residential property of minimum value of €450,000 and a straight investment of €500,000 into the immigrant investor bond, giving a minimum investment of €950,000. The level of investment into the bond would no longer be linked to the value of the property purchased.
Investment Terms: €500,000 philanthropic donation by an individual (€400,000 where 5 or more individuals pool their endowment for one appropriate project).
Residence Permission granted to successful applicants: Successful applicants can expect to receive residence permission for 5 years. An initial permission will be granted for two years and following a review at that point to ensure the investor is continuing to meet the conditions of the scheme (i.e. the investment has not been withdrawn, they continue to be law abiding and self sufficient), a further period of 3 years will be granted. After this initial 5 years period, the investor will be free to apply for residence in 5 year tranches. The investor is not required to establish actual residence in Ireland. The Immigrant Investment Programme is about rights of residence that the investor may exercise as their business and family needs dictate. No minimum residence requirement is set other than the stipulation that the persons concerned should visit Ireland at least once in every 12 month period.
Anyone interested in this programme should read the Guidelines for the Immigrant Investor Programme which outlines the requirements of the programme and the application process. The guidelines remain valid except in respect of the changes in terms and conditions outlined above.