Ireland's Immigrant Investor Program Has Eight Attractions

In favor of lower-cost EU residence programs, the Ireland Immigrant Investor Program (IIP) is sometimes disregarded. However, for individuals with the financial means, Ireland provides some significant benefits over its EU neighbors and is worth considering, particularly for those who intend to relocate entirely to the EU.

Those who deposit a minimum of €1,000,000 in an approved investment fund, plus fees, are granted residency in Ireland under the IIP. The applicant must hold the investment for a minimum of five years before withdrawing and recouping their monies. In addition, investors must have a net worth of €2,000,000 and a clean criminal background.

The program's eight main advantages are listed below.

RESIDENCY

Investors will receive an Irish residency permit if their IIP application is approved, allowing them to travel throughout the EU and Schengen zone. The minimum stay requirement for investors who simply want a resident permit in Ireland and do not want to apply for citizenship afterward is merely one day each year. Among EU countries offering similar programs, this has one of the lowest stay requirements.

CITIZENSHIP

Investors will be able to seek Irish citizenship and an Irish EU passport after five years of full-time residency. After this has been issued, the holder will be able to live, work, and study in any other EU country without the need for a separate visa.

ACCESS TO THE UNITED KINGDOM

Ireland and the United Kingdom have a Common Travel Area agreement that allows citizens of both countries to freely work, study, and travel between the two countries, as well as receive social welfare and health benefits and vote in certain elections. This one-of-a-kind arrangement is particularly appealing to persons seeking EU citizenship as well as access to the United Kingdom, and Ireland is the only EU member to have such an agreement. The agreement was renewed in 2019 in light of Brexit and will continue following the UK's recent exit from the EU. IIP investors will be able to freely access the UK, including job and education, once they have obtained Irish citizenship (after 5 years).

OLDER CHILDREN ARE WELCOME

Applicants with dependent children under the age of 24 are eligible. In other EU nations, such as Portugal and Greece, the typical age limit is lower.

EDUCATION

If investors opt to send their children to university in Ireland, their IIP investment will provide them with a €50,000 discount. Trinity College and University College Dublin, two of Europe's best universities, are located in Ireland. If investors later obtain Irish citizenship, they will be able to educate their children in the United Kingdom.

PASSPORT WITH A HIGH RANKING

Ireland's passport is one of the best in the world, providing visa-free travel to 199 nations and territories, accounting for 80.8 percent of global GDP. More information on Ireland's passport value can be found here.

COUNTRY THAT SPEAKS ENGLISH

Despite the fact that English is widely spoken in several EU countries, Ireland is the only EU country in which English is the official first language.

INDUSTRY

In terms of GDP per capita, Ireland is among the top ten wealthiest countries in the world, and Google, Facebook, Microsoft, Apple, Intel, Citi, Fujitsu, and other high-performance firms have offices in Dublin, including Google, Facebook, Microsoft, Apple, Intel, Citi, Fujitsu, and others.

Why invest in Ireland? The above-listed points are the reasons why you should.