IRELAND IMMIGRANT INVESTOR PROGRAMME - IRISH PERMANENT RESIDENCY ADVICE - IN 2020
The Republic of Ireland is an island in the North Atlantic, with a population of 4.8 million. Nestled in the heart of the country is a haven of picturesque villages, stunning tracks, trails and waterways and brilliant bars and restaurants.
Ireland has been a member state of the European Union since 1973. Permanent Residency under the Irish Immigrant Investor programme grants the right to move to Ireland and travel within the EU with minimal visa requirements and is the first step towards gaining Irish Citizenship.
The main objectives of the Irish Immigrant Investor Programme is job creation and facilitating Irish economic development. In 2020, High Net Worth Individuals can apply for the Irish Permanent Residency Permit through investment in a qualifying investment project. Apply for the Irish Golden Visa Residence Programme and seek Ireland Immigration assistance Now!
Ireland Immigrant Investor Programme - Investment Options
In 2012, the Immigrant Investor Programme (IIP) was introduced by the Irish Government to encourage inward investment for the creation of business and employment opportunities in the State.
The IIP is designed to encourage investors and business professionals from outside the European Economic Area (EEA) to take advantage of opportunities for investing and locating their business interests in Ireland and acquire a secure residency status
The IIP programme offers four investment options for potential investors:
1. Enterprise Investment - €1 million for 4-year investment term. Investment monies are invested through a Project approved by the Irish Naturalisation and Immigration Service (INIS) Investment monies are invested through the project against a secured property up to 90% Loan to Value.
2. Investment Fund - €1 million invested in an approved investment fund for 3 years (approved and regulated by the Central Bank). Investment monies are not secured on assets and are subject to investment performance.
3. Real Estate Investment Trusts (REIT) €2 million invested in any Irish REIT that is listed on the Irish Stock Exchange for at least 3-year term.
4. Endowment - A minimum €500,000 philanthropic donation to a project which is of public benefit to the arts, sports, health, culture or education in Ireland.
Ireland Immigration - Irish Residency - Eligibility Criteria
Applicant Investors must meet the following eligibility criteria:
A. High Net Worth Individuals - Applicants must be high net worth individuals, with a personal wealth of at least €2 million, and disclose in full the source of their funds.
B. Due Diligence - All applications will be subject to enhanced levels of due diligence processes in respect of anti-money laundering, Know Your Client, Politically Exposed Persons, sanction checks, and data sharing in accordance with the OECD common reporting standard.
C. Character - All applicants, as well as their nominated family members over the age of 16 must submit their application with a statement of character from the police authorities of each country in which they have resided for more than six months during the 10-year period prior to making an application.
D. Family - A non-EEA national may apply under the IIP for permission for themselves and their spouse/civil partner and children under the age of 18 to reside in the State. Dependent children between the ages of 18 and 24 may also be considered if they are in full time education.
Benefits of Irish Permanent Residence
Outlined below are the benefits of obtaining Irish Permanent Residency:
- Irish Law Firm - We partner with experienced and specialised Irish Lawyers, working in reputable independent Ireland Law firms, who can assist with the Contract between the Project company and the Investor, and transfer of the investment to the Irish Lawyers' client account.
- European Union (EU) - Visa Free travel within European countries for non-EU nationalities. Member of the European Union since 1973 and uses the Euro currency since 1999 - access to 500 million people in Europe.
- Business Centre of Europe - European Headquarters of large corporates: Google, PayPal, LinkedIn, Facebook and Microsoft. Ireland is the largest exporter of computer software in the world, and one of the top 10 most innovative countries globally. Also, 9 out of 10 Pharmaceutical companies are based in Ireland, including Pfizer and Novartis.
- Investment Centre - Forbes Magazine has ranked Ireland as one of the best countries for business - multinationals and startups, as well as the 'Best country in Western Europe to invest'. Ireland has become a hub for foreign direct investment and is ranked as 1st in the world for investment incentives.
- Economic Growth - The Irish economy grew by 6.6% in 2017. In addition, Ireland is one of the top countries in the world for GDP growth.
- Lifestyle - Temperate climate, beautiful terrain, historic castles, walks, and fresh un-polluted air.
- Healthcare system - Excellent health care resources. For the purpose of the IIP, you must have private health insurance.
- World class Education system - There are seven public universities in Ireland, which rank highly on an international level, including Trinity College, Dublin (Ranked as number 1 University in Europe for educating and producing Entrepreneurs), and University College, Dublin.
- Safe Country and Central Location - Friendly people, multi-ethnic environment, and suitable place for family life. Situated in Europe and within 1 - 2 hours flight of many European countries.
- English Speaking Country - English is an official language, the Legal system is based on the British Common law and the government is a Constitutional Democracy.
- Dublin - The capital city of Ireland is Dublin, and it has excellent pubs, fine architecture and good shopping. Dublin is a very popular tourist destination and is the fourth most visited European capital.
- Fast Processing Time - The Irish Evaluation Committee processes a Permanent Residency application with 3 - 4 months.
- Easy Residence Requirements - The applicant must spend only a minimum of 1 day per calendar year in Ireland.
- Chinese Residents - Ireland is home to circa 35,000 Chinese families and 10,000 Chinese students (Source: Chinese Embassy Ireland).
- Irish Culture - The Irish have a rich culture and tradition, which is multi-faceted, and comprises Music, Dance, Art, Literature, Poetry, Folklore, Cuisine and Sports.
- Corporate Tax Rate - Low 12.5% corporation tax rate, which is half the OECD average of 24.9%.
- Irish Citizenship and Passport Eligibility - As an Irish Permanent Resident, you have the right, subject to meeting conditions, to apply for Irish Citizenship and an Irish passport following your physical presence in Ireland for a total of 5 years within an 8 year period.
VisaConnect is promoting Project Emerald, which has been pre-approved by the Irish Government as a qualifying 'Enterprise Investment' project through the IIP. Also, see VisaConnect's PDF document about Irish Permanent Residency by Investment and Project Emerald: Ireland Immigrant Investor Programme (IIP) in 2019
What is Project Emerald?
Project Emerald is a niche non-bank lending project, providing secured term loans to qualifying Irish SMEs (Small & Medium Enterprises) who in turn can demonstrate
that they have a proven track record in generating profits to service and repay the debt.
Project Emerald has an experienced and capable Banking Team with over 100 years of combined banking experience through every economic cycle and with track
records in lending to Irish SMEs. They also have a strong network of relationships both direct and through professional intermediaries, the latter being the primary
source of origination and route to market for SME loans under Project Emerald.
1. Minimum Investment Amount
- €1m (Note: Monies do not have to be transferred until an application is approved by the Irish Naturalisation and Immigration Service).
2. Use of Investment Funds
- Monies invested in Project Emerald will be lent to Irish SMEs on secured term loans.
3. Security of Investment Funds
Project Emerald assigns property-backed security to the Investors for the Investment Term. Project Emerald at a Loan To Value (LTV) of no more than 90% provides Investors security over a property, thereby securing Investor’s Funds (€1m).
4. Term of Investment
- 4 Years.
5. Return on Investment
- 0% per annum.
6. Recouping Investment
- After 4 years an Investor’s funds are projected to be returned within 12 weeks of the Investor calling on the funds.
7. No Language skills and Qualifications required
- This Immigrant Investor Programme has no English language skills or qualification requirements. In addition, the immigrant investor does not require business management experience.
Project Boyne Village
VisaConnect is promoting Boyne Village Project, which is a 'Social Housing Project' and has been pre-approved by the Irish Government, in June 2019, as a qualifying 'Enterprise Investment' project through the IIP.
Project Boyne - Summary
The Project Boyne Team are developing an 120 acre mixed use site known as ‘Boyne’ village which will incorporate Residential, Commercial, Parkland & Enterprise with phased completion expected between Q4 2020 and Q4 2023.
Under the Irish Immigrant Investor Programme, The Project Boyne Team have received approval for €30m of funding for the development of 150 Social Housing Units within the Residential aspect of Boyne Village.
Note that the Investment Terms are the same as Project Emerald, listed above.
Why Invest in Project Boyne's Social Housing Project?
- Our Irish Project company were established in 1975 and have been a trusted promoter of the Irish Immigrant Investor Programme since 2012
- The Project company have constructed over 500 Residential Units with a further 1,000 Residential Units in development
- Investor monies (€1m) are secured by means of a legal ‘First Charge’ on property for the term of the investment. A ‘Red Book’ Property Valuation prepared by a member of the Society
of Chartered Surveyors Ireland will be provided for this purpose
- The Project company have established links with high ranking government officials in various departments of the Irish government and Chinese Embassy
- The Project company possesses a comprehensive knowledge of the application procedure and the requirements of the INIS
- The Irish Project Team can facilitate an introduction to our recommended legal, accounting, medical, educational and other professional partners in Ireland
Endowment Project in 2020
VisaConnect is promoting high quality Endowment projects, which are over €2m, in order that the endower can avail of the reduced endowment of €400,000
as opposed to paying €500,000 for a smaller project.
The applicant is entitled to residence as soon as the application is approved by INIS and the applicant then travels to Ireland to complete their residency registration.
Our current Endowment Project involves the construction of a Town Park Cycle Way (Bridge) connecting a Dublin town to a park.
Project Approval and Successful Cases
For approved projects under the IIP, our Irish Project Company has a 100% success rate with the Irish Naturalisation & Immigration Service. Investors who choose our Social Housing Project are guaranteed approval under the IIP
subject to their application paperwork being in order.
As at January 2020, 63 Investors associated with our Irish Project Company's projects have successfully received their Letters of Approval under the Irish Immigrant Investor Programme. Our partner Irish Company have started the process of repaying the original investors their investment monies, and the first 4 Investors have been repaid in full with the most recent Investor, repaid on the 13th January 2020.
IRELAND PERMANENT RESIDENCY BY INVESTMENT - IRISH INVESTOR VISA ADVICE