The Immigrant Investor Programme (IIP) was introduced by the Irish Government in 2012 to encourage inward investment for the creation of business and employment opportunities in the State. After the statutory period of time, this can lead to Irish citizenship through the ordinary mechanisms. The Immigrant Investor Program requires a minimum investment of 1 million euro, from the applicants own resources and not financed through a … The Irish Immigrant Investor Program grants European Residency within 6 months and offers a pathway to European Citizenship after 5 years. Another key drawcard for the program is the fact that investors only have to spend 1 day per year in Ireland to maintain their residency status, making it an excellent “Plan B” destination. STEP 2: Obtain approval from the ISD’s Evaluation Committee.. Ireland Immigrant Investor Program 2021 STEP 1: Submit your application to ISD without making the investment.. Immigrant Investor Programme - Guidelines for Applicants, Immigrant Investor Programme - Guidelines for Funds, Immigrant Investor Programme - Terms of Reference for External Review, Immigrant Investor Programme - Business Plan - Executive Summary, Immigrant Investor Programme - Business Plan - Sample Template, Immigrant Investor Programme - Application Form, Information about the Start-up Entrepreneur Programme (STEP) can be found on our new website, http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/. The Immigrant Investor Programme requires a minimum investment of €1m, from the applicants own resources and not financed through a loan or other such facility, which must be committed for a minimum of three years. The program offers around 5 application windows per year, and the client due diligence and vetting process takes approximately 6 months to complete. Applicants must have a clean police record, and funds used to invest under the IIP cannot be borrowed from third parties. Ireland Immigrant Investor Program 2021: Ultimate Guide. It now receives hundreds of applications every year. Chinese citizens accounted for 1,088 individual investors in the Republic from a total of 1,166 since the start of the Immigrant Investor Programme. STEP 3: Receive an approval letter and make the eligible investment within 3 months (90 days).. Ireland Irish Immigrant Investor Programme The Irish Immigrant Investor Programme grants European Residency within 6 months and offers a pathway to European Citizenship after 5 years. Which countries’ nationals are eligible to apply for the Irish IIP? A key feature of the Irish programme is that the investment is only required to be made after your application has been approved. IDLF Applications from the USA have increased. These initiatives are known as: The Immigrant Investor Programme Investing is straightforward and the tax system favors entrepreneurial business owners.. 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. Funds have to be venture capital or private equity based, with a focus on small and medium sized business enterprises. Immigration Service Delivery (ISD) wish to state that under no circumstances will a loan provided to the applicant for the purpose of making an IIP application be considered an appropriate source of funding. The process is very straight forward and the approval time currently takes between 4 and 6 months. Immigrant Investor Programme (IIP) The Irish Immigrant Investor Programme (“IIP”) facilitates non-EEA nationals and their families who commit to an approved investment in Ireland to acquire residency status in Ireland. Irish Immigrant Investor Programme - Project Approval and Successful Cases For approved projects under the IIP, our Irish Project Company (FitzWilliam Group) has a 100% success rate with the Irish Naturalisation & Immigration Service. The Immigrant Investor Programme provides a range of investment options which allows approved non-EEA investors and their immediate family enter Ireland on multi-entry visas and remain here for up to 5 years with the possibility of ongoing renewal. The IIP is a key initiative by which the Irish government seeks to attract foreign direct investment into Ireland on the promise of secure and flexible residency status for the investor and his or her family. If you have any further queries contact us. Investors should note that the Irish Government has no responsibility for the performance of an investment. Immigrant Investor Programme (Golden Visa) The Immigrant Investor Programme (IIP) grants Irish residency through a Golden Visa to wealthy non-EEA nationals and their families when they commit to an approved investment in Ireland. 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. When is the next application intake window for the Ireland Immigrant Investor Program? The Immigrant Investor Programme requires a minimum investment of €1m, from the applicants own resources and not financed through a loan or other such facility, which must be committed for a minimum of three years. To these wealthy families, Ireland appeals particular in terms of its political stability, attractive taxation and the quality of its educational institutions. The Ireland Investor Immigrant Program does not open the doors for Irish Citizenship; however, long term residency in the country may give you an edge over your citizenship application. Fóla Private Partners works with Immigrant Investors who wish to make qualifying investments into Ireland and obtain residency rights under the Irish Immigrant Investor Programme. In addition, Irish investment residency can lead to Irish citizenship through regular naturalisation after permanent, in-country residency has been maintained for a period of 5 years or longer. Initially rejected, they are to make a second application to the Immigrant Investor Programme. The Irish Residency by Investment program offers outstanding health and lifestyle benefitsoutstanding health and lifestyle While the program doesn’t offer a direct route to permanent residency, the Stamp 4 visa offers residency equivalent privileges, and can be renewed indefinitely provided that the investor remains financially stable and of good standing – even after the initial investment period has passed and their capital has been returned. Notice | COVID-19 update regarding application windows for the Immigrant Investor Programme. The fund, as well as the fund managers, must be regulated by the Irish Central Bank, and only experienced find managers with a proven track record of success are approved. 2020. The ongoing political crisis in Hong Kong has led to a spike in enquiries from Hong Kong nationals seeking to safeguard their families and business interests against state overreach by the Chinese government. BENEFITS The program can be a perfect choice for high net worth individuals seeking to acquire permanent residency in Ireland. In the interim, applicants and sponsors should be aware that the Department of Justice and Equality is enhancing the due diligence processes including: Additionally, we are engaging in data sharing with the Revenue Commissioners in accordance with the OECD common reporting standards (http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/). The Irish Immigrant Investor Programme was introduced in 2012 in the aftermath of the economic crash but has only taken off in recent years. Each application will be examined on its merits in a qualitative examination by an independent interdepartmental committee. Immigrant Investor Programme – Irish Citizenship Following the successful completion of the Immigrant Investor Programme application process and after an applicant has been resident in Ireland for a period of four of the preceding eight years, been continually resident in Ireland for twelve months prior to an application, a successful applicant can seek Irish citizenship under … 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 … The Ireland Immigrant Investor Program is officially a residency program, however, after 5 years, if the appropriate conditions are met, you can either apply for Irish permanent residence or qualify for Irish citizenship. The Immigrant Investor Programme is open to non-EEA nationals and their families who commit to an approved investment in Ireland. Golden visa in Ireland – The Irish Immigrant Investor Programme. The Minister reserves the right to introduce revised Guidelines, in any manner deemed necessary to ensure the most effective, accountable and transparent operation of the Immigrant Investor Programme. It is therefore vital that investors do their own due diligence and consult a suitably qualified legal expert with view to identify the most appropriate investment instrument. The Ireland Golden Visa scheme, also know as the Ireland Immigrant Investor Programme , was introduced by the Irish Government in 2012 to encourage inward investment for the creation of business and employment opportunities, while in turn offering residency to business professionals with a proven record of success.The programme gives great opportunity to … All persons engaged in the IIP process should familiarise themselves with the contents of this guide. The Irish Immigrant Investor Programme (“IIP”) facilitates non-EEA nationals and their families who commit to an approved investment in Ireland to acquire residency status in Ireland (and in certain circumstances, Irish citizenship). About half of all applications to finance the Irish Diaspora Loan Fund, a new immigrant investment programme requiring a minimum investment of €500,000, are from rich Russians, reported by IrishTimes. Home » Irish Immigrant Investor Visa Program. 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 Irish visas and to remain here for a defined period but with the … Since inception, the IIP had seen capital investments in excess of €700 million flow to Ireland, off a total of 1,000 applications – mostly from Chinese high net worth individuals seeking to establish a footprint in Europe. What it means is that the investor has been approved and the investment is of a nature that meets the objectives of the Immigrant Investor Programme. Deal directly with the Irish Diaspora Loan Fund team - no middlemen. Applications for the State’s Immigrant Investor Programme, from mainly Chinese multimillionaires, have now exceeded 1,200, the latest figures show. It is important to note that a key criterion is that funds possess the potential to create new jobs; Moreover, the Irish Naturalisation and Immigration Services is not equipped or authorized to advise prospective investors on which funds to invest in, and a fund being pre-approved in no way guarantees its financial performance. A Hong Kong group applied for the Irish Immigrant Investor Programme, by investing in a EUR 40 Million meat processing plant in Offaly Ireland. What are the approved investment sectors for the Irish IIP? Our team has the experience and vision to get your application approved. The Irish Government has introduced two major new immigration initiatives aimed at facilitating (non-EEA) migrant entrepreneurs and investors who in return for permission to reside in the State are prepared to invest in Ireland for the purposes of saving or creating jobs. Under the Irish Immigrant Investor Programme, non-EEA nationals, and their dependents (spouse and children under 24), who make an approved investment in the country, may obtain a temporary residence permit, renewable. Following stakeholder feedback applications windows will no-longer apply and applications for the Immigrant Investor Programme may be submitted at any time. Investors should note that the Irish Government has no responsibility for the performance of an investment. Once European Citizenship is granted, citizens enjoy visa-free access to 185 countries and the right to live, work and study in any EU country. Please also find attached the recently issued "Guidelines from the Central Bank" which deal with the regulation of anti-money laundering and the countering of terrorism financing. In order to qualify as an investment vehicle under the IIP, an investment fund must have been pre-approved by Immigration Ireland. ireland immigrant investor The Ireland residence by investment program was first introduced in 2012. The Immigrant Investor Programme (IIP) is open to non-EEA nationals who commit to an approved investment in Ireland. Approval of an application under the Immigrant Investor programme is not an endorsement of a particular project. What are the benefits of the Ireland Immigrant Investor Program (Ireland IIP)? Approved participants in the Programme and their immediate … Another key requirement of the programme is that investors must have a legally acquired minimum net worth of €2 million. The Immigrant Investor Programme (IIP) is open to non-EEA nationals who commit to an approved investment in Ireland. Under the IIP, prospective investors file an application with the Irish authorities before they are allowed to make an investment. Irish Immigrant Investor Programme The Irish Immigrant Investor Programme is a very advantageous route to EU residency. As part of the IIP application Process, ISD will undertake a comprehensive examination of the sources of proposed funding and will require significant supporting documentation attesting to the source of the funds and appropriate independent verification of said documentation from suitably qualified legal advisors in the relevant jurisdictions. STEP 4: … While the program, since inception, has been popular among wealthy Chinese and Russian investors, it has also garnered significant traction among investors from countries such as South Africa the United States and the Middle East. The Immigrant Investor Program (IIP) is open to non-EEA nationals who commit to an approved investment in Ireland. It was enhanced in 2013 and it now offers the opportunity for applicants from outside the European Union to gain Irish Residency through investing a minimum €1.0 million in an Approved Investment Fund. Immigrant Investor Programme (IIP) Wednesday, June 14, 2017. The Irish Golden visa scheme known as The Immigrant Investor Programme (IIP) was set up by the Irish Government in 2012 to offer Irish Residency to foreign nationals who make a qualifying investment. The Irish Immigrant Investor Programme is open to non-EEA nationals and their families who commit to an approved investment in Ireland. Investments are a private matter between the parties concerned and it is the responsibility of the investor, as in any business decision, to assess the potential success of their venture. The IIP is designed to encourage investors and business professionals from outside the How long does it take to apply for the Irish Immigrant Investor Program? The Irish Government created the Immigrant Investor Programme to facilitate … the provision of in-depth independent due diligence report and where required documents that are apostilled or dually legalised by the relevant authorities. What are the process steps to apply for Irish Residency By Investment? The Irish State has rejected dozens of applications for the country’s Investor Immigrant Programme after discovering that applicants had used loans Editor's Picks Europe Intel & Data 3 Countries Make up 84% of Europe’s €5bn-a-Year Golden Visa Market Irish Investor VisasIrish Residency by InvestmentThe Irish investment-based immigration program is one of the newest programs in the world, as it was only just approved by the Irish government in January 2012. Gain Irish Residency in 6 months - let us do the heavy lifting. To gain Irish long-term residency, investors are required to make a minimum investment of €1 million for a period of 5 years, however an €500,000 endowment (donation) based option is available as well. Investments ar… The fact that English is Ireland’s lingua franca is also proving to be a decisive factor in terms of its appeal as a second citizenship destination. Your Passport - Issuing Country (required), Your Spouse's Passport - Issuing Country (required). Irish Immigrant Investor Program. The Irish investor visa scheme is 50% cheaper than UK tier 1 investor visa scheme which requires £2 million investment requirement. It took time for the program to pick up, but since 2016 it has experienced a boom, with more than a thousand applicants getting approved each year. Applicants and Agents are reminded of the importance of submitting complete applications i.e. On 24 February 2020, the Irish Ministry for Justice, Equality and Defence announced the launch dates for two new investment residency programmes. If an applicant seeks to rely on loaned funds for the purposes of an IIP application, the application will be refused. Trust the Immigrant Investor Program Experts. As of 15 April, the Immigrant Investor Programme and Irish Startup Entrepreneur Visa Programme will be accepting applications from foreign investors and startup founders. LIMTED 0% FEE IDLF INVESTMENTS AVAILABLE – CALL NOW. IRISH Immigrant Investor Programme Ireland introduced its original investor visa programme in 2012. The investment must be good for Ireland, good for jobs and in the public interest. The Irish Immigrant Investor Program is internationally sought after, and with good reason: Ireland is one of the world’s safest, most stable democracies, boasting world-leading standards of living and a thriving, diversified economy. Portugal and Spain, however, have also reported an uptick in interest from Hong Kong, given the lower price points on their real estate based investment residency offerings. 2020, What are the requirements of the Ireland IIP? Evaluation Committee meetings will continue to take place at least once a quarter, with the next Committee meeting taking place in late June, followed by September and December. Irish Immigrant Investor Programme (IIP) The purpose of the Immigrant Investor Programme is to enable non-EEA nationals and their families who commit to an approved investment in Ireland to acquire a secure residency status in Ireland. 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