As 2017 draws to a close, the deadline for the final batch of Irish Immigrant Investor Programme applications is approaching. Today, we provide a comprehensive, 360-degree overview and analysis of the current Irish investment immigration policy to give you the most intuitive and clear understanding!
2017 Current Irish Investment Immigration Pathways
Enterprise Investment: Invest €1 million in a non-listed Irish enterprise.
Investment Fund: Invest €1 million in an investment fund regulated by the Central Bank of Ireland.
Endowment: Make a €500,000 philanthropic donation to an Irish public institution.
Real Estate Investment Trust (REIT): Invest €2 million in a listed REIT.
2017 Current Irish Immigration Policy Requirements
According to the new Irish immigration policy, the main requirements for immigrating to Ireland are:
The applicant must be at least 18 years old and have no criminal record;
Provide proof of €2 million in net assets (including the €1 million investment or €500,000 donation) or equivalent assets (movable or immovable property);
The requirements for Irish immigration are not complex; there are no excessive personal restrictions, and you can apply for immigration to Ireland as long as you meet the investment requirements.
Key Content of the 2017 Current Irish Immigration Policy
1. Eligible Family Members: The main applicant may be accompanied by a spouse and children under the age of 24. Children aged 18-24 must remain unmarried and financially dependent on their parents.
2. Processing Time: Legal experts at Ousheng state that after submitting an application, it takes about 5 months to receive an approval letter, followed by the acquisition of immigration status.
3. Visa Type: Applicants initially receive a 2-year residence visa, which can be renewed for a 3-year residence visa after 2 years. Upon expiration of this period, one may apply for naturalization or renew for another 5-year residence visa.
4. Benefits: Enjoy the same benefits as local residents, mainly including free education and social welfare for children and women. Benefits are even more substantial after naturalization.
5. Residency Requirement: There is no residency requirement for permanent residence; you only need to visit Ireland once a year.
6. Renewal Requirements: Maintain the investment within the specified period, do not claim government assistance, and have no criminal record to qualify for renewal.
7. Naturalization Requirements: No criminal record, no receipt of government welfare, and 5 years of continuous residence. You must have resided in Ireland continuously for the 12 months prior to the application, and have accumulated a total of 4 years of residence within the previous 8 years, totaling 5 years to be eligible to apply.