We provide advice to our clients on various immigrant investment schemes in Ireland
We have been successfully dealing with various immigrant investment programmes and business visa applications and assist our clients throughout the whole process: from the very initial application to submission to the Department of Justice and in preparation of the applications. The Immigrant Investor Programme is open to non-EEA nationals and their families who commit to an approved investment in Ireland.
The main immigration status benefits of the programmes include the fact that the approved participants in the Programme and their immediate family members will be granted rights of residence in Ireland. Successful applicants and their families can expect to receive residence permission for 5 years and may consider subsequent application for naturalisation.
The investment has to be good for Ireland, for jobs and in the public interest, the funds invested have to be legally acquired and owned by the investor. The person has to be of good character.
We approach each case and each client individually and always trying to find the best solution to each situation. We also provide language assistance to certain categories of foreign nationals.
Certain changes had been recently introduced to immigration legislation. There are a number of immigration schemes available
at present which make Ireland an attractive jurisdiction in terms of
immigration. These schemes include:
A) Start-up Entrepreneur programme (High Potential Start Up) which currently requires an investment of € 50,000 (reduced from € 75,000). The Start-up Entrepreneur Programme provides that migrants with a proposal for a
high potential start-up in the innovation economy and funding of €50,000 can be
given residency in this State for the purposes of developing their business.
This scheme is unique, in our opinion, and does not require initial job creation as it is recognised that such businesses can take some time to get off the ground. At the same time the scheme provides the benefits to the successful candidates and their family members in terms of residency status in Ireland. We successfully processed a number of such applications and dealt with all queries our clients had regarding this scheme.
B) A once off endowment of a minimum of €500,000 to a public project benefiting the arts, sports, health, culture or education. (The endowment figure is reduced to € 400,000 per person where 5 or more individuals pool their endowment for one appropriate project).
C) A minimum €500,000 aggregate investment into new or existing Irish businesses for a minimum of three years.
D) €500,000 invested in an approved fund. The funds will have to be regulated for the purpose of doing business in Ireland and the investments strategy of the fund must be compatible with the aims of the scheme.
E) Minimum € 1,000,000 investment in a special zero interest 5 year immigrant investor bond.
F) Mixed Investment. Investment in a residential property of minimum value of €450,000 and a straight investment of €500,000 into the immigrant investor bond, giving a minimum investment of €950,000.
We also advise on any temporary schemes introduced by the Department of Justice and Equality available to foreign nationals.