Ireland – ireland-work-visa – Ireland Business Visas: Immigrant Investor Programme
a brief overview
Ireland is a beautiful country located in Europe, known for its stunning landscapes, vibrant culture, and strong economy. It has become a popular destination for business travelers and overseas entrepreneurs looking to expand their horizons. The Irish government offers several special business visas for foreigners who want to live, work, and invest in the country. One of those is the Ireland Business Visas: Immigrant Investor Programme.
The Immigrant Investor Programme (IIP) was established in 2012 to encourage non-EU/EEA nationals to invest in Ireland. It is designed to attract foreign direct investment and stimulate the country’s economy.
Eligibility Criteria for the Ireland Business Visas: Immigrant Investor Programme
In order to be eligible for the IIP, a foreign national must meet the following criteria:
• Must be a non-EU/EEA national
• Must have held a minimum of €1,000,000 in liquid funds for at least 3 months prior to the date of application
• Must have sufficient private health insurance
• Must have a clean criminal record
• Must be prepared to make a qualifying investment of €500,000 or more in either securities listed on the official Irish Stock Exchange or acts of philanthropy
• Must provide evidence of legal source of investment funds
• Must be 18 years old or over
In addition, the applicant must also demonstrate that they have a realistic business plan if they intend to start a business in Ireland after being granted the visa.
Requirements for Ireland Business Visas: Immigrant Investor Programme
In order to apply an applicant must fulfill the following requirements:
• Completed application form
• Valid passport
• 2 passport-sized photographs
• Copy of birth certificate
• Proof of address
• Criminal background check
• Proof of financial standing
• Qualifying investment transaction details
• Business plan
• Medical health report
• Non-refundable processing fee
Processing Time for Ireland Business Visas: Immigrant Investor Programme
The application process for the IIP can be lengthy and complicated. Generally, it takes upwards of 3-4 months for a decision to be made by the Irish government. This includes an initial assessment period and several subsequent reviews.
Benefits of Ireland Business Visas: Immigrant Investor Programme
The Immigrant Investor Programme has several advantages for non-EU/EEA nationals looking to invest in Ireland. These include:
• Fast-track visa process, taking 3 to 4 months to receive a decision
• Possibility to include spouses and dependents
• Freedom to travel in and out of Ireland
• Right to work, study, and live freely in Ireland
• Possibility to become a permanent resident after 5 years
• Right to apply for Irish citizenship after 7 years
FAQs about Ireland Business Visas: Immigrant Investor Programme
Q: How do I apply for the Immigrant Investor Programme?
A: You will need to submit a completed application form with supporting documents, as well as evidence of your financial standing.
Q: How long does the application process take?
A: The process typically takes up to 3-4 months.
Q: Are there any special privileges for holders of the Immigrant Investor Programme?
A: Yes, holders of the IIP are eligible to apply for permanent residence after 5 years and citizenship after 7 years.
Q: What are the qualifying investments?
A: Qualifying investments include securities listed on the official Irish Stock Exchange or acts of philanthropy.
Q: What is the minimum amount required for investment?
A: The minimum amount required for investment is €500,000.
Conclusion
The Immigrant Investor Programme is an open door for non-EU/EEA nationals to invest in Ireland and benefit from the country’s economic growth prospects. It is a great opportunity for entrepreneurs and business travelers to start a business and expand their reach. With a successful application, holders of the IIP can become citizens of Ireland and enjoy all the associated privileges.
