Immigrant Investor Programme (IIP)
Each application will be examined on its merits in a qualitative examination by an independent interdepartmental committee. The funds invested have to be legally acquired and owned by the investor (not borrowed).
Enterprise investmentA minimum investment of €1 million in either a single Irish enterprise or spread over a number of enterprises for a minimum of 3 years. The enterprise may be establishing a start-up or investing in an existing business registered in Ireland. The enterprise must be registered and headquartered in Ireland and the investment must support the creation or maintenance of employment.
The investment must be made in the name of the individual seeking residence.
Publicly traded securities and real estate investments do not qualify under this scheme.
If your application is approved, you will receive a residence permit for 5 years: an initial permit for two years, and another 3-year permit if you still keep the investment.
After this 5 year period, you will be free to apply for renewals in 5 year tranches. You will not be required to establish actual residence in Ireland, but just visit Ireland at least once per year.
After 8 years of residency, you may be eligible for naturalization, provided that you have been residing for 365 days of continuous reckonable residence immediately before the date of the application for naturalization and, during the 8 years preceding, you have had a total reckonable residence in the country amounting to 1,460 days (4 years). To become an Irish citizen, you will be required to attend to an interview and pass an Irish examination on culture, history and values of the country.
- If you are investing in an existing Irish business or relocating a business to Ireland, the most recent audited accounts for that business should be submitted in support of the application.
- Business Plan: For investments in existing businesses, relocating a business and new business proposals, you should submit a comprehensive business plan which clearly identifies the financial investment being made in support of the application for residency under this programme. The business plan should indicate how the funds will help create or maintain employment in the business
- Evidence of net worth of at least €2 million.
- Provide an explanation of all of your economic activities for the previous 12 month period.
- Evidence of the funds that are to be used for the investment and their source.
- Evidence that the money can be transferred.
- Clean criminal record.
- Comprehensive health insurance.
- Discount for Education Expenses. If you wish to educate yourself or your family members in Irish higher education institutions, you may avail of a maximum discount of €50,000 on your investment for any educational expenses that they intend to commit to in Ireland.
European Economic Area
Dual citizenship is recognized in Ireland. You are not required to renounce your previous nationality to become a citizen of Ireland.
- Original and photocopy of passport
- Two passport-size photos
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Evidence of funds available
- Proof of net wealth
- Statement of Source of Funds
- Original Police Clearance Certificate
- Receipt of payment of fees
- dual citizenship Yes
- Family members included Yes
- land ownership Yes
- Physical residence required No
- Personal visit required No
- Language skills required No
- Interview required No
- Investment Single €1,000,000
- Investment Family 4 €1,000,000
- Minimum annual income -
- Time to citizenship 96
- Time to permanent residency 60
- Visa-free countries 172
- Financing available No
permanent residency benefits
temporary residency benefits
It has about 4 and a half million inhabitants. Its official languages are Irish and English. Its capital and most populated city is Dublin, located to the east of the island. Its official currency is the Euro (EUR).
Visa Free Travel
An individual is tax resident in Ireland, if he or she spends more than 6 months in a year within the country or has spent a total of 280 days in two consecutive years, or has been tax resident the preceding three years.
Tax residents are subject to tax on their worldwide income, while non-residents are taxed on their profits arising in Ireland.
Personal income is taxed at progressive tax rates up to 40% on annual income exceeding €33,800.
Dividends are taxed at standard rates, although individuals who are resident but not domiciled in Ireland are not subject to tax on their foreign investment income, provided that it is not remitted to the country.
Interest income is usually taxed at 39%, although certain exemptions may apply.
Capital gains are taxed separately at a flat tax rate of 33%. A rate of 40% applies in the case of certain interests in funds and life assurance policies.
Rental income is considered ordinary income and therefore taxed at the applicative tax rate.
As of January 2019, Ireland has implemented the EU-wide Anti-Tax Avoidance Directive Measures, which include new rules on controlled foreign companies (CFCs).
Property tax is levied by municipalities at a 0.18% rate for properties with a market value up to €1m and 0.25% on properties over €1m. Transfers of properties are subject to a stamp duty between 1% and 2%.
Assets passing on death and on lifetime gifts are subject to a capital acquisition tax at a 33% rate.
There are no taxes on net wealth in Ireland.
The V.A.T. standard rate is 23%. Reduced rates of 13.5%, 9% and 4.5% may apply for certain goods and services.
With regard to corporations, resident entities are subject to corporate income tax on their worldwide income. The tax rate for trading income is 12.5%, while for non-trading income is taxed at a 25% rate. To learn more about Irish corporate taxation, legal framework and tax treaties, check out incorporations.io/ireland.
This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.
- Property tax Yes
- Transfer tax Yes
- Inheritance tax Yes
- Net worth tax No
- CFC law Yes
- Tax residency days 183
- Personal income tax rate 40%
- Capital Gains tax rate 33%
- Investment income tax rate 40%
- Territorial taxation No
ProceduresPlease sign in to view
Our qualified attorney in Ireland will handle all paperwork, and guide you through each step of the process to ensure that it is as fast, efficient and pain-free as possible.
First, our lawyers will conduct a due diligence check on you to ensure that you are eligible and meet the criteria to apply for the program.
You will be required to submit your investment proposal and supporting documents for the assessment of The Evaluation Committee. We will send you the application forms and provide assistance to complete the questionnaires, and translate and authenticate supporting documents. If required, we will advise you in this stage on what investments are likely to be approved. Once the EC makes a decision, we will inform the Ministry of Justice, which will approve or disapprove your proposal. Investment will only be made in case of application approval.
Once it is approved you will have to make the investment and provide evidence of it and the affidavit of good character and lack of criminal convictions. After that, your residence permit will be issued.
If required, we will incorporate your Irish company, and introduce you to several banks in order to open a bank account and transfer the funds. We work primarily with banks that allow for remotely opened accounts to ensure that you are ready to do business as soon as possible.
For further information on the Irish Immigrant Investor Programme and detailed procedures, contact us for a free private consultation.