Immigrant Investor Programme

If you have plans to invest in real estate, this route is for you. Particularly, this route is open to non-EEA nationals willing to make lower-risk investments in real estate as a regular income stream and reduce negative equity.

The specifications for Real Estate Investment include:

• You must invest in an Irish Real Estate Fund
• The investment must be for a minimum of three years
• The minimum amount to invest is €2 million
• You don’t have to maintain the investment after 5 years
• You can divert your investment funds after the first 3 years

Required Documents

You have to provide a share certificate and letter from your broker if your visa application is approved. The letter must state the number of REIT shares you bought, the price, purchase date, and total investment amount. Without this, you can’t get permission to live in Ireland.

This route goes together with the Real Estate Investment. You can follow this route if you wish to invest in philanthropy and similar industries that offer public benefits. The specifications include:

• The endowment must benefit the community
• You shouldn’t expect to make income
• You must invest a minimum of €500,000, otherwise known as a philanthropic contribution
• You can invest in a group of 5 people or more. For group investments, each person must invest as least €400,000.

Required Documents

You have to provide a detailed statement explaining how your investment will benefit the community. You can use the same sample business plan for Enterprise Investment on the INIS website.

Some requirements apply to all investors irrespective of their investment route. This includes:

• Evidence Of Net Worth

You can prove that you have the money to invest by either presenting proof of your other investments, proof of income, or proof of loans within the past 12 months.

If you present proof of investments, you must also show evidence for the source of the funds invested. For loans, you must state the amounts and repayment dates.

• Evidence Of Good Character

To prove you’re of good character, you must provide a police statement from your resident country. Also, you’ll provide police statements from other countries you’ve lived in for more than six consecutive months in the past 10 months.

Family members you’re bringing along must also provide evidence of good character unless they’re under 16 years. Optionally, you can undergo screening by a security screening or a reputable international risk management organization.

The first step for applying for the Immigrant Investor Programme is to complete the application form. While filling the form, you’ll discover available investment options. Next, you submit your application along with supporting documents.

To begin processing, you must pay the application fee of €1,500. If the application gets approved, you can then transfer funds to the investment and submit proof of transfer. You shouldn’t transfer funds before your application is approved.

To provide a verdict on your application, the Ireland Immigrant Investor Program Evaluation Committee will evaluate your application. This committee consists of top government officials. Mainly they’ll evaluate all your supporting documents and investment details intensely.

If you pass the review, the committee will recommend you to the Minister For Justice and Equality. The Minister makes the final decision, and with a positive recommendation from the Evaluation committee, your application should be approved.

You will get permission to remain in Ireland once the authorities confirm your proof of transfer. This gives you the legal right to live and work in the country. Also, your family members accompanying you will get approval for Irish Golden Visas.

The Irish Naturalization and Immigration Service will share your personal details with the jurisdiction of tax residence according to the OECD’s Common Reporting Standard.

On the other hand, if your application is denied, the Minister For Justice and Equality will state the reasons why. Depending on the reasons, you may be able to reapply.

You can bring dependent family members with you to Ireland. This includes your spouse or civil partner, unmarried partner, or children under the age of 18. Children between 18 to 24 can also qualify if they’re unmarried, and you can prove that they’re financially dependent on you.

For spouse or civil partner, you must provide marriage or civil partnership certificate to prove your relationship. For children, you must provide birth certificates.

Decision on most Ireland Immigrant Investor Program applications takes 3-4 months. However, many applications take longer.

In most circumstances, the Evaluation Committee will ask successful applicants for additional information that was absent in the first application. As a result, you should submit a thorough and complete application if you don’t want any delay.