Residence permit of Ireland through investment
Residence permit for investment in Ireland - gives the right to long-term residence of an immigrant in the country, obtained for investment in the state. Since the launch of the residence permit for investment program in 2012, Ireland has attracted more than half a billion euros of foreign capital into the country's economy. The country's authorities are ready to simplify the issuance of Golden Visas, while they strictly monitor the reliability of investor financial transactions. Following the requirements of the Irish program, an investor can naturalize in the country and eventually obtain an EU passport.
Advantages of an Irish residence permit for investment:
Conditions of the Irish residence permit program:
The program was created for wealthy foreigners living outside the European Union. The goal of the program is to fill the country’s economy with approved investments in certain categories of investment:
- business;
- investment funds;
- real estate;
- charity.
The Irish Immigrant Investor Program (IIIP) was created by the government of the country and is reflected in the Ireland 2040 project. The IIIP program design means that the investor is solely responsible for the transparency and accountability of the information he must provide to participate in the program. Investor applications are carefully checked for the legality of income and possible exposure to sanctions.
The country applies the “Know your customer” principle - you need to know your client and special procedures in relation to “Politically person” clients - political persons. Investors must undergo a full audit by a special assessment commission, which always includes senior officials from relevant ministries. The recommendations of this meeting are sent to the Minister of Justice of Ireland for a positive or negative decision.
In exchange for large deposits, the investor receives a residence permit in Ireland valid for two years, when the investor continues to fulfill all the conditions, that is, does not withdraw investments and remains financially independent, then the residence permit is extended for three years. After completing the five-year period, the immigrant can then freely renew the residence permit every five years and each time without establishing the actual place of residence in the republic and it is enough to visit the country once per calendar year.
The “Golden Visa” attracts investors who want to have a residence permit in Europe and with minimal opportunities for a long-term stay in the republic. The program developers took into account the business interests of investors, which require their presence in their homeland. After five years of prolonged stay in the country, it is possible to obtain permanent residence - permanent residence, in the case where the investor really intends to live in the country and is ready to confirm his law-abidingness. Irish citizenship by investment can be applied for after nine years.
Together with the investor, relatives and minor children can take part in the IIIP program. Children aged 18/24 years are automatically included in the IIIP program if they are unmarried or studying in the republic and are dependent on the main applicant.
Documents for obtaining a residence permit in Ireland:
statement and photo;
foreign and civil passports;
letter of approval confirming the approval of the application;
certificate of good conduct;
bank statement for 12 months on the applicant’s solvency;
marriage certificates or proof of partnership;
birth or adoption certificates of children;
medical insurance policy for all family members;
documents on making investments from own funds, without attracting credit funds;
investment documents - business plan, enterprise statements, certificates of transfers to the investment fund, share ownership, donation documents.
Document submission process:
Cost of support for obtaining a residence permit in Ireland:
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