Investor and Entrepreneur Schemes

Notice

The following changes to the Immigrant Investor Programme (IIP) will apply for 2017.

The changes which are set out below are to take immediate effect.

  • Enterprise Investment - €1.0m invested in an Irish enterprise for a minimum of 3 years
  • Enterprise Investment Fund - €1.0m invested in an approved fund for a minimum of 3years

The application fee for applications will now be €1500. The Fee, payable by Irish Postal Order or Bank Draft to be drawn on an Irish Financial Institution only.

Applications to the Immigrant Investor and Start Up Entrepreneur Programmes will be accepted from

  • 02/01/2017 - 27/01/2017
  • 20/03/2017 - 13/04/2017
  • 22/05/2017 - 16/06/2017
  • 14/08/2017 - 08/09/2017
  • 16/10/2017 - 10/11/2017

Applications received outside of these periods will be returned. Applications with the incorrect fee or investment amount will also be returned.

Additional information on the application process and new application forms are provided in the links below.

Published 20 December 2016

 

A dedicated e-mail address for queries about the investor and entrepreneur schemes has been set up at investmentandstartup@justice.ie

Further details on the application process is set out in the Guidelines attached below.
 

Immigrant Investor Programme

The Immigrant Investor Programme is open to non-EEA nationals and their families who commit to an approved investment in Ireland. Approved 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. The Programme will facilitate participants, over time, in establishing a permanent relationship with Ireland.

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.

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

Option

Investment Terms

Immigrant Investor Bond

€1.0 million invested in the bond at 0% interest rate - currently suspended

Enterprise investment

€1.0 million invested in an Irish Enterprise for 3 years

Investment Funds

€1.0 million invested in an approved fund. For further information please see links below.

Real Estate Investment Trusts

A minimum investment of €2 millionin any Irish REIT that is listed on the Irish Stock Exchange. The €2 million investment may be spread across a number of different Irish REITs.

Mixed investment

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

Endowment

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


Residence Permission granted to successful applicants: Successful applicants can expect to receive residence permission for 5 years. An 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. After this initial 5 years period, the investor will be free to apply for residence in 5 year tranches. 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. No minimum residence requirement is set other than the stipulation that the persons concerned should visit Ireland at least once per calendar year.

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.

The Guidelines and Application Form are available at the bottom of this page.

 

Related Links / Forms :

Sample Business Plan Template

Application Form for Start-up Entrepreneur Programme

Application Form for Immigrant Investor Programme

Guidelines for Start-up Entreprenuer Programme

Guidelines for Immigrant Investor Programme

Immigrant Investor Programme - Guidelines for Funds

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