IRELAND – INVESTMENT IMMIGRATION PROGRAM (IIP) - Nysa Global

IRELAND – INVESTMENT IMMIGRATION PROGRAM (IIP)

What Is the Investment Immigration Program (IIP) for Ireland Business Visa?

The Irish Immigrant Investor Program (IIP) is a great option for investors who are not citizens of EEA nations. You can immigrate to Ireland by choosing to invest in an Irish company regulated and approved by the Central Bank of Ireland.

Who is this business immigration program perfect for?

    For someone who wants to go through the investment route but is not very familiar with Irish investments or enterprise. You can choose to avail the services of an investment manager to help you through the process.

    As an investor, you should note that the Irish government has no responsibility for an investment’s performance and the approval of an application under this program is not an endorsement of the project by the Irish government.

Benefits of Investment Immigration Program (IIP)

You & your family can work, reside & study in Ireland & the other European Union countries without applying for a separate visa.

You and your family can also choose to study, live, and work in the UK.

You can leverage the public education system at a subsidised cost like any other citizen of Ireland.

The money you have invested can be withdrawn after five years.

Your visa will be provided for 5 years and renewed every 5 years.

You only need to spend a minimum of one day each year in Ireland to satisfy the residency program needs.

You can get access to free public medical care just like the citizens of Ireland.

You can exercise the right to vote and contest in an election in Ireland as a permanent resident investor.

Out of the minimum investment capital, €50,000 can be used for college fees.

Ireland Investment Immigration Program Visa Guidance

Everything you need to know about the Ireland Investment Immigration Program visa, from eligibility factors, application process to timeline associated and much more.
  • Eligibility Criteria
  • Additional Criteria
  • Process
  • Cost
  • Timeline
To qualify for the IIP, you need to fulfil several requirements related to investment:

  • As an investor, you need to make a minimum investment of €1,000,000 for at least three years in a fund deemed an 'Approved Investment Fund' by the Irish Naturalisation and Immigration Service (INIS).
  • You also need to show proof of income or investments with a net worth of at least €2,000,000 and demonstrate that you have acquired this money legally.
  • The investment amount should be in a registered company in Ireland, regulated and approved by the Central Bank of Ireland.
  • The Irish Naturalisation and Immigration Service (INIS) guidelines also state that the money invested in a fund must represent equity stakes in companies and not quoted on any stock exchange.
Other criteria that needs to be fulfilled:

  • As an applicant, you and your family members, who are above the age of 16, should provide a statement of character from the police of the country where they have resided for more than 6 months during the last decade of making the application.
  • You should have a due diligence report from a reputable risk management agency.
  • It is mandated that you provide evidence of monetary activities and transfer of funds.

You need to follow this simple six-step process once you have decided to invest:

  • 01

    Apply to the Immigration Service Delivery, a part of the Department of Justice and Equality in Ireland. You don't have to invest at the time of applying.

  • 02

    The evaluation committee of ISD will approve your application.

  • 03

    The approval letter will be processed within a time period of 90 days, after which you can make the investment.

  • 04

    You need to submit proof of your investment to the Minister.

  • 05

    After the Minister approves, they will issue a letter to you as the investor. This letter is used to register your residency permission.

  • 06

    As an IIP applicant, you need to fulfil their residency requirements to qualify for an Irish passport.

Cost Details

You need to pay the application fees of €350 to the Ireland Immigration Department. According to each case, the total processing cost for this program will depend on service fees, taxes and visa fees.
Visa Timeline:

It takes an average of 3 to 4 months to complete all formalities after submitting documents.

Have questions about the Irish Investment Immigration Program? Let experts at Nysa Global help you.

Path To Passport

For investors who want to make Ireland their home during the course of the investment, the IIP program leads the way to Irish citizenship:

  • If you are a successful applicant, you receive residency permission for five years.
  • This residency permission is initially granted for 2 years and can be extended for 3 years, if you continue to meet the program’s terms and conditions.
  • You can continue to renew your residency permit in Ireland indefinitely after the first five years.
  • If you want to apply for Irish Nationality and Citizenship, you need to be a tax resident in Ireland for 12 months before applying, and you need to be physically living there for 5 of the preceding 9 years.

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FAQs

No, assets owned by other individuals, including spouses do not count as proof of assets or wealth when you are applying for an Ireland Business Visa.

No countries are formally excluded from the Irish Investment Program, however certain countries might be prevented from applying for an Irish investment residency.

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