The Irish Government increased the minimum investment of Irish immigrant investor program to €1 million euros. The investment threshold was increased from €500K to prevent mass migration, reported The Times
According to INIS, 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 €1 million, 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.
Ireland’s immigrant investor scheme (IIIP), started in 2012, grants residency to rich foreign investors. Foreign investors receive five year residence permit to live in Ireland after making 1 million investment. Investors must also have minimum net worth of €2 million
- Enterprise Investment
- Investment Fund
- Real Estate Investment Trusts (REIT)
- Endowment
According to recent statistics, The Irish immigrant investor scheme has received about €210 million euros in over five years of operation. Over 90%of applicants come from China. The other main countries of origin for applicants are the US, the UAE, Russia and Bahrain.
The Irish Government has rejected €131.3 million in investment projects under IIIP scheme.
The Irish Diaspora loan fund approved by Central bank of Ireland, requires 1 million euro investment which is further invested to boost hotel sector. Foreign investors receive permanent residency in Ireland also path for Irish passport/citizenship.
According to INS, applications for the Immigrant Investor and Start Up Entrepreneur Programmes will be accepted during the following periods only:
- 10 January 2018 – 24 January 2018
- 14 March 2018 – 28 March 2018
- 09 May 2018 – 23 May 2018
- 15 August 2018 – 29 August 2018
- 10 October 2018 – 24 October 2018
