Ireland Golden Visa Closure
*** The government announced the closure of Ireland’s Golden Visa programme on 14 February 2023. There is now a window of opportunity for several existing projects over the next few months for investors and applicants. However interested parties will need to contact us very soon as the preparation of an application can take 6-8 weeks.***
Ireland Golden Visa Overview
Ireland introduced its original investor visa programme in 2012, which is officially known as Ireland’s Immigrant Investor Programme (IIP). The programme 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.
The Irish golden visa programme was made available to stimulate investment in Ireland and offer residency to dynamic business professionals with a proven record of success. This is an ideal programme for High-Net-Worth families seeking residency in Europe and will be particularly attractive to businessmen, entrepreneurs and those seeking a top level of education for their children at world class universities.
Ireland Golden Visa Benefits
The Irish Immigrant Investor Programme (IIIP) has many benefits and is particularly attractive to those who may be considering relocating to Ireland due to its booming economy, career, and education opportunities. Ireland is ranked as one of the top ten wealthiest countries in the world, in terms of GDP per capita.
Investors can gain a €50,000 reduction in the amount needed for investment if they have children who wish to attend university in Ireland. The benefits of a full education in Ireland are attractive. English speaking and offering some of the best universities in Europe, Ireland offers unique opportunities for students and for graduates. Two of the top four universities in Europe for educating entrepreneurs are based in Dublin, namely Trinity College and University College Dublin. In addition due to its access to the EU market, graduates are welcomed by many of the world’s top companies with headquarters in Ireland. They include the likes of Google, Facebook, Intel, Twitter, Citi, Huawei, Pfizer, Takeda, Novartis, Trend Micro and Fujitsu.
- Irish Residency with a route to citizenship
- Education incentive for Golden Visa investors
- Part of the Common Travel Area agreement with the UK
- Live, work, study in Ireland, if you wish, but no minimum stay
- Part of the EU
- English speaking country
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Citizenship by investment in Ireland
Ireland does not have a direct Citizenship by Investment programme, but following five years of full-time residency in Ireland, investors will have the opportunity to apply for Irish citizenship and an Irish EU passport, in line with Ireland’s citizenship laws. Once Irish citizenship has been granted, the holder will gain the ability to reside, work or study in any of the other EU member countries with no additional visa required. Ireland also holds a Common Travel Area agreement with the UK, giving Irish citizens the right to move freely throughout the UK.
Ireland’s passport is one of the strongest in the world and Irish passport holders can enjoy visa-free access to 199 countries and territories worldwide.
If citizenship in an EU country is your ultimate goal, but you are unable to reside in Ireland for five years, then investors are advised to consider the Portugal Golden Visa programme as an alternative.
Investment Requirements for Ireland’s Golden Visa
Applicants must make a minimum investment of €1,000,000 into an approved fund which will be held for a minimum of 3-5 years. The process to obtain Ireland’s Residency Visa is relatively straightforward and quick. Applicants need to be non–EEA residents and have:
- A clean criminal record
- Sufficient funds and healthcare to cover their stay
- No previous visa refusals
- Demonstrate a net worth of €2,000,000
Ireland Residency By Investment – APPROVED FUND
The fund is a low-risk investment fund authorised and regulated by the Central Bank of Ireland. It offers the opportunity for foreign investors to invest in Ireland in return for long term residency status.
The two key objectives of the fund are:
1. Ensure maximum protection of investor funds through a conservative, low risk loan investment policy
2. Issue innovative finance to a portfolio of Irish hotels which will each increase employment levels through the lifetime of the fund
This is an asset backed mutualised debt fund which offers a very secure option for investors seeking access to the Irish Investor Visa Programme.
We have listed below some of the frequently asked questions we receive regarding the Golden Visa in Ireland. However, it is impossible to cover everything in depth here. Please contact our advisors for further details.
How Can La Vida Help You?
La Vida has extensive experience of all the Golden Visa programmes in Europe. In addition to residency through investment in Ireland we can advise on Portugal, Malta, Greece and Spain. We also offer five programmes for citizenship through investment in the Caribbean. La Vida has extensive global reach with our expert team having helped clients in over 150 countries worldwide.
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