Although the permanent residence is not offered by the program, once the appropriate conditions are met residency permission can be extended every few years for an indefinite period. The Ireland Investor Immigration Program does not officially provide Irish citizenship by investment, but long-term residency in Ireland can be used to support a citizenship application under the country's naturalization rules.
After two years, investors can have their Ireland residence permit renewed by submitting evidence that they have maintained their investment for the required holding, his or her residence permit can be extended for another three years.
After this, Investor Visa holders can apply for an extension of their Irish residence permit every five years thereafter. There are no further investment requirements, although financial stability and good character requirements still apply.
Immigrant Investor Programme (IIP)
The Immigrant Investor Programme (IIP) is open to non-EEA nationals who commit to an approved investment in Ireland. The Immigrant Investor Programme requires a minimum investment of €1m, from the applicants, own resources and not financed through a loan or other such facility, which must be committed for a minimum of three years.
Under this option, Ireland Investor Visa candidates must invest at least €1 million into a qualifying Irish enterprise for at least three years. The enterprise can be an existing business, or it can be a new business started by the investor. The enterprise must be registered in Ireland, and its headquarters must be located in the country. The enterprise must also help the Irish economy by creating or maintaining local jobs.
Real Estate Investment Trust (REIT)
Under this Investor Visa Ireland option, candidates must invest in an Irish REIT. A REIT is a listed company used to hold rental property in a manner that mitigates investor risk yet avoids double taxation. A REIT will typically invest in a diverse pool of properties so as to minimize risk, and must distribute most of its profits every year.
Endowment (Donation Option)
Under this Ireland Investor Program option, candidates must donate at least €500,000 to a qualifying philanthropic project in arts, sports, health, culture or education. Candidates that act in concert with four or more other immigrant investors may invest as little as €400,000 each as long as the total donation goes to a single project. Immigrant investors must not receive any financial return on their contributions. Since this option does not require an investment,
there is no minimum holding period.
Step 1: Evaluate Ireland investment options
Step 2: Documentation
Step 3: Submit an application
Step 4: Obtain approval from the Immigration Ireland Evaluation Committee.
Step 5: Invest and submit proof that the investment has been made in full
Step 6: Supply evidence of sufficient private medical insurance
Step 7: Submit an Affidavit of Good Character issued by an attorney
Step 8: Approval of Visa
Timelines and expenses will be determined based on the Investment criteria.