Investor and Entrepreneur Schemes

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NOTE: áThe Government has revised the terms and conditions of the Immigrant Investor Programme with effect from 15 July 2013.ááWebsite material and Frequently Asked Questions are being revised at present.

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Please see the press releaseáhereá.

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A dedicated e-mail address for queries (but not applications) about the investor and entrepreneur schemes has been set up at investmentandstartup@justice.ie

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Immigrant Investor Programme

The Immigrant Investor Programme is open to non-EEA nationals and their families who commit to an approved investment in Ireland. Aproved participants in the Programme and their immediate family members will be granted rights of residence in Ireland which will allow them to enter the State on multi-entry visas and to remain here for a defined period but with the possibility of ongoing renewal.áThe Programme will facilitate participants, over time, in establishing a permanent relationship with Ireland.

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Each application will be examined on its merits in a qualitative examination by an independent interdepartmental committee. The investment has to be good for Ireland, good for jobs and in the public interest, the funds invested have to be legally acquired and owned by the investor (i.e. not borrowed). The person has to be of good character.

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In order to be considered for the programme the investor must propose an investment in one or more of the following categories:-


a) A once off endowment of a minimum of €500,000 to a public projectábenefiting the arts, sports, health, culture or education.á(The endowment figure is reduced to €400,000 per person where 5 or more individuals pool their endowment for one appropriate project).á
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b) A minimum €500,000 aggregate investment into new or existing Irish businesses for a minimum of three years.

c)á€500,000 invested in an approved fund.áThe funds will have to be regulated for the purpose of doing business in Ireland and the investments strategy of the fund must be compatible with the aims of the scheme.áá


d) Minimum €1,000,000 investment in a special zero interest 5 year immigrant investor bond.


e) Mixed Investment. Investment in a residential property of minimum value of €450,000 and a straight investment of €500,000 into the immigrant investor bond, giving a minimum investment of €950,000.

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The changes recommended to the investment options under the programme for the approval of the Government are set out in the table.

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Option

Previous áScheme

Revised Scheme

Immigrant Investor Bond ááááááááááá

€2m invested in a 5 year bond at 1% pa

€1m invested in the bond at 0% interest rate

Enterprise investment

€1m invested in an Irish enterprise for 3 years

€500,000 invested in an Irish Enterprise for 3 years

Investment Fundsáááááááááááááááááá

N/A

€500,000 invested in an approved fund

Mixed investmentáááááááááááááááááá.á

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Investment in a residential property of minimum value of €500,000.á This property investment must be matched euro for euro with an immigrant investor bond investment

Investment in a residential property of minimum value of €450,000 and a straight investment of €500,000 into the immigrant investor bond, giving a minimum investment of €950,000.á The level of investment into the bond would no longer be linked to the value of the property purchased.

Endowmentáááááááááááááááááááááá

€500,000 philanthropic donation by an individual

€500,000 philanthropic donation by an individual (€400,000 where 5 or more individuals pool their endowment for one appropriate project).á


Residence Permission granted to successful applicants:áSuccessful applicants can expect to receive residence permission for 5 years.áAn initial permission will be granted for two years and following a review at that point to ensure the investor is continuing to meet the conditions of the scheme (i.e. the investment has not been withdrawn, they continue to be law abiding and self sufficient), a further period of 3 years will be granted.áAfter this initial 5 years period, the investor will be free to apply for residence in 5 year tranches.á The investor is not required to establish actual residence in Ireland. The Immigrant Investment Programme is about rights of residence that the investor may exercise as their business and family needs dictate.áNo minimum residence requirement is set other than the stipulation that the persons concerned should visit Ireland at least once in every 12 month period.

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Anyone interested in this programme should read the Guidelines for the Immigrant Investor Programme which outlines the requirements of the programme and the application process. The guidelines remain valid except in respect of the changes in terms and conditions outlined above.

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TheáGuidelines and Application Formáare available at the bottom of this page.

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Related Links / Formsá:

Sample Business Plan Templateá

Application for Entrepreneur Programme

Application for Immigrant Investor Programmeá

Guidelines for Immigrant Investor Programmeá

Guidelines for Start-up Entrepreneur Programmeá

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