Ireland's tax incentive policies and support for new enterprises are second to none in Europe, with corporate income tax as low as 12.5%, among the lowest in the European Union. For this reason, many domestic individuals choose to immigrate to Ireland, either for investment or to relocate.
I. Irish Immigration Act:
To promote economic development and create jobs, Ireland's immigration policy was introduced in 2012, with the first revision in July 2013 and the latest adjustment in December 2016. Currently, it offers 6 investment routes:
1. Enterprise Investment: Invest 1 million EUR in a local Irish enterprise for three years or more. (The most popular option among investors!)
2. Bonds: Purchase 1 million EUR in government-designated bonds for five years or more. Zero interest rate. (Suspended)
3. Funds: Invest 1 million EUR in government-designated funds. (The government has not yet announced designated funds.)
4. Real Estate Investment Trust (REIT): Invest 2 million EUR in real estate funds.
5. Mixed Investment: Purchase 450,000 EUR in residential property plus 500,000 EUR in government bonds. (Suspended)
6. Endowment: A donation of 500,000 EUR. (If five investors donate to the same project together, the donation amount can be reduced to 400,000 EUR per person)
II. Application Requirements:
1. Main applicant must be 18 years of age or older with no criminal record.
2. Possess 1 million EUR in cash assets with proof of source of funds.
3. Possess proof of net worth equivalent to 1.5 million EUR with a reasonable explanation.
III. Application Procedure:
1. Sign immigration service agreement.
2. Organize application documentation.
3. Submit application.
4. Receive Approval in Principle.
5. Arrive in Ireland and complete the investment.
6. Receive Irish long-term residency visa (Stamp 4) for the whole family; visa validity is 2+3+5+5…