Great news: The Irish Department of Justice has recently announced the removal of submission window restrictions for the 2020 Immigrant Investor Programme (IIP)! Effective June 12, applicants may submit their applications at any time.
Screenshot from the official website of the Irish Immigration Service
This significant adjustment removes the previous practice and restriction of only being able to submit applications during designated windows, allowing investors to prepare and submit their immigration applications with greater flexibility. At the same time, this sends a positive signal that Ireland is welcoming the Immigrant Investor Programme with a more open attitude!
Currently, the average processing time for Irish immigration applications is approximately 4-6 months, and the regular evaluation meeting mechanism of the Irish authorities plays a key role! The regular meetings of the Evaluation Committee mean that investors' immigration applications are discussed and reviewed during these sessions, ensuring a short approval cycle. Even during the pandemic, the Evaluation Committee has continued to hold regular online meetings to ensure the speed of processing! The most recent evaluation meeting will be held at the end of June, with subsequent meetings scheduled for September and December.
It should be noted that the Irish Immigration Service has reiterated that applicants should submit complete applications, specifically pointing out the requirement to provide double-certified/Apostille documents and due diligence reports.
This is another major adjustment following the initial announcement in early April to cancel the April-June submission windows. The move by the Irish Immigration Service to abolish the windows will ensure the safety of all IIP-related staff and the continued progress of immigration work, assisting investors in completing subsequent procedures. Investors who have been waiting on the sidelines can take this opportunity to prepare their application materials with more time and jump on this bandwagon.
As you know, Ireland, known as the "Emerald Isle," has always attracted many investors to immigrate due to its beautiful and suitable environment, highly developed economy, comprehensive and advanced medical care, mature and excellent education, and generous social welfare. By investing in an Irish government-approved endowment project, with a donation of only 500,000 euros (or 400,000 euros for group donations), the whole family can apply for Irish residency.
Advantages of immigrating to Ireland:
1. As an EU member state, after immigrating to Ireland and obtaining citizenship, the applicant's entire family can become EU citizens, enjoying the convenience of global visa-free travel and the freedom to reside in any of the 27 EU countries;
2. Ireland's own economy is accelerating significantly. As the "Emerald Isle," it is very livable and has one of the lowest corporate tax rates in Europe at 12.5%, making it very suitable for business, residence, and daily life;
3. Ireland possesses high-quality educational resources. In the 2017 IMD World Competitiveness Ranking, the Irish education system was ranked seventh in the world. The government provides free primary and secondary education to Irish residents, and school-age children of those who obtain a Stamp 4 visa through the Immigrant Investor Programme can enjoy this benefit.
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