Guide to Ireland's Immigrant Investor Program 2021

Ireland is quickly emerging as a new hotspot for investors seeking long-term residency and citizenship in Europe. Investing in Ireland is in growth these days. Ireland's economy is growing, and the country is home to a slew of new businesses, old multinationals, and fascinating inventions.

Ireland has a well-developed educational system, advantages in terms of language, and a good level of living. It is the ideal location for businessmen and entrepreneurs to relocate and establish their firms in Europe, as it has a flourishing economy and a welcoming culture.

The Ireland Immigrant Investor Program has made it easier to become a resident in Ireland (IIP). Here's all you need to know about applying for a Golden Visa in Ireland.

What is the Immigrant Investor Program (IIP) in Ireland?

The Immigrant Investor Program (IIP) was established by the Irish government in 2012 to encourage business professionals and investors from outside of the European Economic Area (EEA) to invest and locate their businesses in Ireland. The program, often known as the Irish Golden Visa, allows qualified applicants to obtain residency in Ireland.

The Irish Golden Visa is rapidly expanding, with more than €800 million in investment from local investors. The fact that there is no limit on the number of applications accepted each year is one of the reasons for its high success rate. Investors are welcome to apply at any time for the Immigrant Investor Program.

Prospective investors can choose from four distinct investment choices through the Ireland Immigrant Investor Programme:

Investment Fund: A minimum of €1 million in an Irish business, or Enterprise

Investment: A minimum of €1 million in an Irish business. A minimum investment of €1 million in a qualified investment fund or Real Estate

Investment Trust (REIT): Endowment Invest a minimum of €2 million in an Irish REIT that is listed on the Irish Stock Exchange, or invest a minimum of €2 million in an Irish REIT that is listed on the Irish Stock Exchange. A minimum of €500,000 will be donated to a good cause in Ireland.

The IIP in Ireland consists of four steps:

Application: To begin, you must apply without committing any funds for investing. Investors prefer this feature because it eliminates the need to deploy funds and make an investment before receiving residency permit approval.

Due Diligence: Your application is reviewed and approved by the Evaluation Committee. Please note that all applications are subject to anti-money laundering, Know Your Client, Politically Exposed Persons, and sanction checks as part of the due diligence process. Furthermore, officials are sharing data by the OECD's uniform reporting criteria.

Investment: You go ahead and make an investment based on your accepted application.

Finally, you must demonstrate that you have made the investment.

Criteria for Eligibility

You can apply for Irish residency via investment if you meet the following criteria:

1. You must be at least 18 years old.

2. You are not a member of the European Economic Area.

3. You don't have any criminal convictions on your record.

4. You have a €2 million net worth.

5. You can show that you won't be able to secure a loan to invest in.

Ireland Immigrant Investor Programme needs to be done in a particular way for smooth functioning, and experts at Black Lion can help you out.