The Ireland Immigrant Investor Program (IIP) is a program that allows non-EEA nationals to obtain residency in Ireland by investing a significant amount of money in the Irish economy. The program is designed to attract foreign investment and create jobs for Irish citizens.
How Does the Ireland Immigrant Investor Program Work?
To qualify for the IIP, applicants must meet the following criteria:
- Be a non-EEA national
- Have a good character
- Have a minimum net worth of €2 million
- Have a clean criminal record
- Invest in an approved investment option for a minimum of 3 years
What are the Investment Options for the Ireland Immigrant Investor Program?
There are four investment options available under the IIP:
- Enterprise Investment: Invest a minimum of €1 million in an Irish enterprise for at least three years.
- Investment Fund: Invest a minimum of €1 million in an approved investment fund for at least three years.
- Real Estate Investment Trust (REIT): Invest a minimum of €2 million in an approved REIT for at least three years.
- Endowment: Donate €500,000 to a philanthropic project in Ireland.
What are the Benefits of the Ireland Immigrant Investor Program?
Successful applicants to the IIP will receive the following benefits:
- Residency in Ireland for themselves and their families
- Freedom to travel within the Schengen Area
- Access to Ireland’s high-quality education and healthcare systems
- Opportunity to apply for Irish citizenship after 5 years of residency
How Can I Apply for the Ireland Immigrant Investor Program?
The IIP is currently closed to new applications. It was closed on February 15, 2023.
Alternatives to the Ireland Immigrant Investor Program
There are a number of other ways for non-EEA nationals to obtain residency in Ireland. These include:
- Employment Permit
- Start-up Entrepreneur Programme
- Family reunification
The Ireland Immigrant Investor Program was a valuable program that allowed many non-EEA nationals to obtain residency in Ireland. While the program is currently closed, there are a number of other ways for non-EEA nationals to obtain residency in Ireland.
