Place a charitable donation worth at least 500,000 in a qualifying philanthropic project in Ireland. While many individuals have the common misconception of the program being a direct route to citizenship, the scheme does not provide an option for Irish citizenship by investment. Best Golden Visa Program EU Passport Citizenship The applicant is required to complete the investment. After the commencement of that period, holders of the Irish Investment Visa are able to renew their permits for an additional three years, provided they maintain their investment and are still considered financially stable. Other eligibility requirements for the Irish Golden Visa demand that applicants be at least 18 years of age to qualify for the program, and prove that the entire investment sum is independently sourced and held by them, as neither are loans accepted as a source of funding, nor are family members allowed to provide their contribution towards the total sum. If you need a visa to enter Ireland and you want to stay longer than 90 days, apply for a 'D' type visa before you travel. Residency and potential citizenship after 5+ years. Ireland Golden Visa: How to Apply [6 Steps] - Nomads Embassy If your application has been refused and you still want to travel to Ireland, you can: If you decide to make a new application, your previous application history may be taken into account. If youre applying for a business visa and its being processed in an Irish Embassy or Consulate, you should have a decision within 10 working days, providedall your documentation is in order. REITs are essentially companies that hold rental investment properties in ways that mitigate risks. Keep in mind that applications for the Irish Investor Visa have to be submitted within the official intake periods, which occur around five times in a year and last for 25 days each. . Once you have submitted all the necessary supporting documentation and your investment has been officially confirmed, you will be granted a residency permit with a two-year validity. You must maintain your investment for three to five years to keep your residency in Ireland. However, this is a small investment compared to the amount you will have to commit to investing in the Irish economy. The Golden Visa program in Ireland is available for non-EU citizens and investments of a minimum EUR 1 million. Proof of having the required funds for investment, and the ability to transfer them to Ireland. After five years, applicants can apply for Stamp 5 / Permanent Residency status. The second favorable route would be the Real Estate Investment Trust/s option. Yes, you can bring a spouse and dependents with you to Ireland when you apply for the golden visa. The annual publication, produced by Irelands Justice Minister Simon Harris has announced the immediate closure of Irelands Immigrant Investor programme (IIP). visas for Ireland from the Irish Nationalisation and Immigration Service, Competition and Consumer Protection Commission, Irish Naturalisation and Immigration Service, Irish Naturalisation and Immigration Service (INIS), register with the Garda National Immigration Bureau, Your appropriate Irish Embassy or Consulate, The dedicated Visa Offices in Abu Dhabi, Abuja, Beijing, London, Moscow and New Delhi & Ankara, Direct to INIS, Burgh Quay, Dublin 2, Ireland. They must first meet the minimum investment threshold, and abide by the schemes requirements. Holders of the Irish residence permit are allowed to live, work, and study in the country without need for an employment or student visa. . English speaking and offering some of the best universities in Europe, Ireland offers unique opportunities for students and for graduates. Last updated on 13 January 2022 Access to the Visa Application Facility, which is available worldwide and must be used by all applicants looking for an Irish visa. Purchasing a property in Ireland does not grant the owner any residency or citizenship rights in Ireland. The amount required to obtain a Golden Visa can be anywhere between $150,000 to millions of dollars. Ireland Golden Visa - Irish Residence & Citizenship by Investment Program Visit the Irish Naturalisation and Immigration Service (INIS) website to find out what you need to know before you apply for a visa, If youre in Ireland and want toapply for a re-entry visaor have other queries, contact the INIS Visa Section. [1] In many cases, a green card or work permit will be required in order to live and work in Ireland. The choice of the investment program depends on your financial situation and interests. Portugal and Ireland recently announced they are shutting down their "golden visa" programs. No interview For more details or to contact an advisor please complete your details. It does not guarantee permission to enter Ireland. There is no direct Citizenship by Investment programme in Ireland. For investors to actually get a financial return on their investment, they will have to invest a minimum of 1,000,000 in the Irish economy. 7 Popular Digital Nomad Cafes in Porto [2023], Uruguay Digital Nomad Visa: How to Apply Online [4 Steps], You can prove you do not require a loan for your qualifying investment, Real Estate Investment Trust (REIT) 2 million, Marriage certificate + copy (if applicable), Health insurance policy with coverage in Ireland. 2014-2023 iVisa.com. As part of the European Union, youll also easily get a travel visa to Schengen Area. You will find advice on phishing scams on the website of the Competition and Consumer Protection Commission. You will have to include evidentiary documents pertaining to your net worth, source of your amassed wealth, and proof of your good character. If you're a citizen of a non-EEA country, whether you need a visa or not, you will be subject to immigration control when you enter Ireland. Whether you need a visa to enter Ireland depends on what country you're from, see Schedule 1. In addition, applicants from thecountries listed on this page dont have to pay a fee. All non-EEA citizens, whether they need a visa or not, will be subject to ordinary immigration controls at the port of entry. What's the easiest country to get citizenship of - Digital migr The entire application and approval process can take between four and six months depending on your investment route and where youre applying from. With many Golden Visa programs, you may include your family members. To qualify for residency under the Ireland Golden Visa scheme, you may invest at least 2,000,000 in Irish Real Estate Investment Trust/s (REITs), and maintain that investment for a period no less than three years. After legally residing in Ireland for five years and having been present in the country for four of those five years, you can apply for Irish citizenship. The Irish Central Bank must approve and regulate investment funds. There is no need to visit Ireland to initiate your IIP application. After the fifth year has commenced, applicants will be permitted the option of cashing out with no risk of losing their residency permits. Endowment Route: 500,000 (400,000) #2. The main benefits that can be enjoyed by successful applicants to the Immigrant Investor Program are: There are several eligibility requirements to take into account for the Ireland Immigrant Investor Program, namely applicants must be of good character, hold a clean criminal record worldwide, and demonstrate proof of a legally amassed minimum net worth of 2,000,000. Golden Visa in Ireland - Guide for 2023 Ireland Residence by Investment | Henley & Partners Permission to enter on the basis of a 'C' type visa will not give you permission to remain beyond a 90 day period. Moreover, if you choose to live in Ireland, you will have access to incredible living standards, and be swept away by the countrys beautiful scenery, quaint villages, and friendly locals. The application for the Ireland Investment Visa requires you to submit the following information and documents: Legal proof that you have at least EUR 2 million and the necessary investment funds. This means that you cannot spend more than six weeks outside of Ireland if you want to be considered eligible for citizenship, as you must be an Irish tax resident and show proof of your residency to succeed in your application for citizenship. By investing a substantial amount in a project approved by the Irish government and by maintaining their investment over the long-term, they can work, live, and study in the EU. You may be charged an administration or communications fee if youre apply from some of these countries. No Requirement to Reside Why 'Golden' Passports and Visas Shouldn't Be Abolished, but - Insider Learn more about the program history here. The enterprise you invest in must be registered in Ireland. However, it is an easy way to obtain Irish residency. Proof of good character of the investor and any family member over 16 from every country you have lived in for more than six months. It is a lucrative program that helps boost the countrys local economy and assists investors in broadening their ventures and diversifying their lifestyles. There are four official investment options for Irelands Immigrant Investor programme: We have found option two to be the most favourable with our clients as this route is one of the most reliable ways to invest and the funds are refundable after three years. While a golden visa isnt a direct path to citizenship, foreign nationals can obtain residency in Ireland under the Immigrant Investor Program (IIP). Ireland may seem big when youre planning out your travels, but it is, in fact, a relatively small island making it pretty easy to explore. gov.ie - Apply for an Irish visa Documents supporting your investment choice, such as a business plan, profile of the investment fund, commitment to investing in a REIT, or detailed outline of how your investment will be used if you choose endowment. Buy property investment, Contributions, Capital transfer requirements, Immigration though golden visa, PR card, Cost, Scheme, Agency, Process, processing times in 2023 with EB5 BRICS. For foreign investors and non-EU nationals, a European Golden Visa scheme can offer exciting opportunities when it comes to business, retirement, and more. A full list of the different application forms and the necessary documents can be found on the INIS website. Source of your funding for the investment. These dates are NOT the dates between which youre permitted to remain in Ireland. The programme was enhanced in 2013 and it now offers the opportunity for applicants from outside the European Union to gain Irish residency through investing a minimum 1.0 million in an Approved Investment Fund. This permit, which is known as Stamp 4, will enable you and your family members to work, study, and live in Ireland without any issues. All in all the process will take around 6-9 months from start to finish. NOTE: Applicants planning on a long term or permanent stay in Ireland, such as, in the case of joint family visa applications, should be aware that they will require more in-depth consideration than short-stay visa applications and it is recommended applicants make their applications 12 weeks prior to their proposed dates of travel. As a REIT investor, you will receive an income from the profit you make each year. The investment must be kept for a minimum of 3 years. However, you will be subject to taxation on any and all income received and accrued in Ireland, including income accrued from your investment. You cannot invest on behalf of a corporation, even if you own 100% of its shares. E2 USA Visa Potential, $400,000 Investment Evidence of good character, which can be demonstrated through statements of character obtained from the authorities of every country you have lived in for more than six months in the past ten years prior to your application. While it isnt necessary, it definitely is much easier and less overwhelming to work with a lawyer to apply for the Ireland Golden Visa. You can apply for Irish citizenship by naturalization as a holder of the Irish Golden Visa, provided that you have been a domiciled tax resident in Ireland for a period no less than five years, and fulfill government criteria. This investment is least popular because there is no financial return on it, like the REIT, enterprise, or investment fund. The process to obtain Ireland's Residency Visa is relatively straightforward and quick. (b) (i) ofS.I. Ireland Golden Visa: Requirements & How to Get One, Scan the QR code to download the iVisa app. Please ensure you have completed the correct application form and supplied all the required documentation. In order to be eligible to apply for Irish citizenship by investment, the country's legislation requires all immigrant investors to be physically resident in Ireland for at least 12 months prior to their application date and to be resident in Ireland for four of the immediately preceding five years prior to their application date. The eligibility requirement places heavy emphasis on you residing for one continuous, uninterrupted year before you submit your application for citizenship. Ireland Immigrant Investor Programme | Ireland Golden Visa Applicants may include their spouses and dependents on the Ireland Golden Visa. You can apply for Irish citizenship by naturalization after being a domiciled tax resident in Ireland for a period no less than five years, provided you have first succeeding in your application to the Irish Investor Visa Program. Along with making a government-approved investment in Ireland, there are other eligibility requirements to meet before applying for the golden visa. While Ireland does not provide a direct pathway to Irish citizenship by investment, taking up residence in Ireland with the same rights as Irish nationals is still possible. Your investment should be at least EUR 1 million, and you should maintain it for at least three years. They will give you a pre-approval if they see that you are qualified for the visa. Find out what you need to enter Ireland based on your nationality on theINIS website. As long as individuals are able to prove their sufficient financial means, and that they have not been indicted, investigated, or convicted with any criminal offense, they may continue to renew their residency permits. February 15, 2023 Ireland's Immigrant Investor Programme (IIP), which is equal to the Golden Visa scheme, permitting non-EU nationals to acquire residency in this territory provided they make an investment, has been abolished, the Minister of Justice, Simon Harris, has confirmed. You and your family members must also submit proof of a sufficient private health insurance coverage policy, and acquire a new Affidavit of Good Character issued by an attorney at law who practices in Ireland to demonstrate that you have good moral standing. After the fourth year, they may divest an additional 25%. Applicants must make a minimum investment of 1,000,000 into an approved fund which will be held for a minimum of 3-5 years. Place a minimum investment of 2,000,000 into one or more real estate investment trusts, and maintain the investment for at least three years. The Irish Golden Visa scheme provides you with a renewable residency permit after placing a minimum investment of 500,000 in the nations economy, on the condition that you meet the programs requirements. This site is not intended to provide financial or legal advice and is for entertainment only. Some programs even allow extended family members such as parents and even grandparents. Who's eligible? gov.ie - Visa Requirements for Entering Ireland However, after five years, you may liquidate the investment and remain an Irish resident. No, your visa requirements depend on your citizenship, not your residence. Once Irish citizenship has been granted, the holder will gain the ability to reside, work or study in any of the other EU member countries with no additional visa required. Our experienced consultants will run through all your objectives and requirements and advise and guide you through the entire process in detail. The Ireland golden visa is a residency by investment program created in 2012. Able to invest at least 1 million . You must provide proof of the relationship with the application. Ireland is ranked as one of the top ten wealthiest countries in the world, in terms of GDP per capita. In addition due to its access to the EU market, graduates are welcomed by many of the worlds top companies with headquarters in Ireland. An example of an eligible fund would be the Irish Diaspora Loan Fund, however, you may ask the Investor Unit of the Irish Naturalization and Immigration Services department (INIS) for a comprehensive list of investment funds before coming to a definitive decision. Gather your supporting documentation, passport photograph and fee3. Ireland also holds a Common Travel Area agreement with the UK, giving Irish citizens the right to move freely throughout the UK. The investment can be spread across several REIT trusts listed on the Irish Stock Exchange. Investment amounts in Malta range between 300,000.0-350,000 for buying and 10,000.0-12,000 for renting. They are great opportunities for entrepreneurs, retirees, and wealthy individuals looking to diversify. Regardless of the investment route you choose, you must pay a non-refundable application processing fee of 1,500 to the Evaluation Committee by an electronic funds transfer, and provide a receipt of the transaction along with your application form. This is an ideal programme for High-Net-Worth families seeking residency in Europe and will be particularly attractive to businessmen, entrepreneurs and those seeking a top level of education for their children at world class universities. Its important to note that you will not have to make your investment until later in the application process. Countries inside the EU that speak English and have world-class institutions (such as Ireland) offer residence by investment schemes with modest or medium-level . The online application system will automatically request you to submit your documentation to one of the following: If you sent your application to Dublin, you shouldcontactINIS directly. Ireland Golden Visa: The Ultimate Irish Immigration Guide Spain Golden Visa for Ireland - EB5 BRICS Applicants who choose this investment route will have to place a qualifying investment worth at least 2,000,000 into one or more Irish real estate investment trust/s, and hold their investment for at least three years. Yes, obtaining the Ireland Golden Visa can put you on a path to getting Irish citizenship through naturalization. Ireland's Golden Visa Is Vulnerable to Tax Abuse, EU Warns The process to obtain Irelands Residency Visa is relatively straightforward and quick. Real Estate Option Visa Free Travel If you want to undertake any activity in Ireland other than that for which your visa was granted you must leave the county and apply for a new visa. Eligibility How do I apply? What Countries Offer a Golden Visa in 2023? - Nomads Embassy Applicants will need to visit Ireland prior to their two-year renewal to register their permission on the application. Investors also need to prove they have a net worth of 2,000,000. The REIT must be listed on the Irish stock exchange. Irish Citizenship by Investment: Ireland Investor Visa Real Estate Option You can obtain Irish residency through investment by investing in one of the four following options approved by the Irish government: Irish enterprise investment Many retirees also take advantage of these programs. You can only qualify for residency by investment through the Irish Golden Visa scheme. The Ireland Golden Visa is a residence-by-investment program that allows approved applicants to live in Ireland. Ireland Investor Visa - Obtaining a Golden Visa for Ireland Due to the higher cost, most applicants prefer to go for the fund investment route instead. Golden visas are an excellent opportunity for wealthy individuals looking to diversify their assets and investments. Applicants will be permitted to divest up to 50% of their shares after three years of holding their investment. No 473 of 2014groups countries into five different categories (schedules). Youll save yourself expensive and time-consuming mistakes when you allow a lawyer to submit your application and assist you in your investments. Immigration officials will also take your biometric data. Check Visa Requirements From United States - US Going to Ireland - IE Check Document Requirement Explore Ireland iVisa | Updated on Sep 15, 2022 While a golden visa isn't a direct path to citizenship, foreign nationals can obtain residency in Ireland under the Immigrant Investor Program (IIP). Pay the processing fee of EUR 1,500 and submit the receipt to the Immigration Service or Ireland. All rights reserved. Method 1 Immigrating for Employment 1 Look up the Ireland immigration laws specific to your country of residence. The initial Irish residency permit is issued for a period of two years. Access service here Part of Categories Transport and Travel BETA During this time, you will also register for a national tax ID and open local bank accounts to make your investment. Once you have held your residency permit for five years, you will be able to extend it for five years every time thereafter, provided you are still able to demonstrate proof of your financial stability and good character. However interested parties will need to contact us very soon as the preparation of an application can take 6-8 weeks.***. If you plan to open your company in Ireland, you must submit a business plan which includes creating local jobs and benefitting the Irish economy. Provided that everything goes smoothly, your Ireland Investor Visa application should take anywhere between four to six months to be approved. If you are a Visa-required national and coming to Ireland for a conference, you will find useful guidelines and details of requirements for Conference Visa applications onINIS. In order to be successful in their application and be granted their Ireland Investor Visa, qualifying applicants must also submit proof of their investment in Ireland to the Irish Naturalization and Immigration Service (INIS). You can read our affiliate disclosure in our privacy policyhere. How you are planning on receiving your investment return. After you receive your Pre-Approval Letter from the Evaluation Committee, you will have to make your investment within a 90-day time period, and submit proof of your investment to the Minister for Justice and Equity. Its always a good idea to work with a legal professional when applying for visas, making foreign investments, or relocating abroad. Any REIT they choose to invest in must be listed on the Irish Stock Exchange for a period no less than three to five years. However, if you earn an income in Ireland, such as from your investment, it will be subject to tax. However, you are required to visit Ireland at least one day per year to maintain your permit, as per the Ireland Investment Visa requirements. Youll also get to diversify your shares in many properties with this low-risk investment model. The Greek Golden Visa scheme is one of the most accessible in the EU. Once your application has been processed, you will get a response from the respective Irish government departments namely the Independent Evaluation Committee of the ISD. Ireland Residency by Investment Overview | SovSpot