Immigrant Investor Programme (IIP)
The Immigrant Investor Programme (IIP) was created by the Irish government to facilitate investors from outside the EU to avail of the opportunities of investing in Ireland in order to support job creation and other public interest benefits as a result of investment in Ireland.
The IIP facilitates non-EEA nationals, and their families, to acquire a secure residency status in Ireland, known as an Irish Residency Permit (IRP), when they commit to an approved investment in Ireland for a minimum of three years.
We at Blasco Solicitors & Notary Public are currently facilitating IIP applications through the following four options available to potential investors:
1. €1.0 million investment in an Irish business
2. €1.0 million investment fund
3. €2.0 million Real Estate Investment Trusts
4. €500,000 Endowment to an Irish charity or philanthropic organisation
Approved applicants and their immediate family members will be granted residency rights in Ireland, which will allow them to enter the state on multi-purpose-entry Visas and to remain here for a defined period. The initial residency rights are granted for two years, and as long as the approved applicant does not withdraw the investment from Ireland during that period, and continues to meet the conditions of the scheme, the residency permission will be granted for a further three years, with the possibility of ongoing renewal thereafter.
Each application will be examined independently of others on its merits by the Evaluation Committee of the Irish Naturalisation and Immigration Service. The applicants must be of good character, have sufficient legally acquired funds that have not been borrowed, and the investment has to be good for Ireland, good for job creation and in the public interest.
The applicant is not required to establish actual physical residence in Ireland. The Immigrant Investment Programme is about rights of residence that the applicant may exercise as their business and family needs dictate. No minimum residence requirement is set other than the stipulation that the person should visit Ireland at least once per calendar year.
For further information please go to: Investor & Entrepreneur Schemes. There are related links at the bottom of the page with the application form and guidelines on how to apply.
If you would like to contact someone in our office directly in order to obtain further information or clarifications, please email Nina Ribbens on email@example.com or Alvaro Blasco on firstname.lastname@example.org.