Ireland
Immigrant Investor Programme (IIP) Residencies Plan of Ireland (Europe)
Immigrant Investor Programme (IIP)
Each application will be examined on its merits in a qualitative examination by an independent interdepartmental committee. The funds invested have to be legally acquired and owned by the investor (not borrowed).
investment
Real Estate Investment Trusts
A minimum investment of €2 million in 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.Limits may be imposed by the Evaluation Committee at its absolute discretion on the number of REIT investments qualifying under the Immigrant Investor Programme if necessary, in order to prevent any perceived distortions in the Irish REIT market.
The full REIT investment must be held for three years from the date of purchase. During this three year period the number of shares in the REIT approved for qualification under the IIP must be retained even if their value rises above the €2m original investment.
Regarding withdrawal of funds after three years from the date of purchase: the investor may divest no more than 50% of the shares purchased for the IIP. Where you have divested shares during year three, you may, after four years from the date of purchase, divest no more than a further 25% of the shares purchased for the IIP. After five years from the date of purchase no requirements on the retention of shares will apply.
Under this scheme, you will receive a residence permit for 5 years; an initial permit for two years, and another 3-year permit if you still keep the investment. After this 5 year period, you will be free to apply for renewals in 5 year tranches.
You will not be required to establish actual residence in Ireland, just visit Ireland at least once per year.
After 8 years of residency, you may be eligible for naturalization, provided that you have had 365 days of continuous reckonable residence immediately before the date of the application for naturalization and, during the 8 years preceding, you have had a total reckonable residence in the country amounting to 1,460 days (4 years).
To become an Irish citizen, you will be required to attend an interview and pass an Irish examination on culture, history and values of the country.
Requirements
- Only REITs that have a listing or have applied for a listing on the Irish Stock Exchange and which have given notice to the Revenue Commissioners, are eligible for the REIT investment option.
- Indicate which REIT investment is your preferred option and that you have the required funding for the investment.
- Any investments in a REIT made prior to the granting of approval of a REIT investment under the Immigrant Investor Programme will not be considered an eligible investment. The required minimum €2 million investment in a REIT must be made only after conditional approval has been granted.
- Evidence of net worth of at least €2 million.
- Provide an explanation of all of your economic activities for the previous 12 month period.
- Evidence of the funds that are to be used for the investment and its source.
- Evidence that the money can be transferred.
- Clean criminal record.
- Comprehensive health insurance.
- Discount for Education Expenses. If you wish to educate yourself or your family members in Irish higher education institutions, you may avail of a maximum discount of €50,000 on your investment for any educational expenses that they intend to commit to in Ireland.
Restricted Nationalities
European Economic Area
dual citizenship
Dual citizenship is recognized in Ireland. You are not required to renounce your previous nationality to become a citizen of Ireland.
Documents Required
- Original and photocopy of passport
- Two passport-size photos
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Evidence of funds available
- Proof of net wealth
- Statement of Source of Funds
- Original Police Clearance Certificate
- Receipt of payment of fees
- dual citizenship Yes
- Family members included Yes
- land ownership Yes
- Physical residence required No
- Personal visit required No
- Language skills required No
- Interview required No
- Investment Single €2,000,000
- Investment Family 4 €2,000,000
- Minimum annual income -
- Time to citizenship 96
- Time to permanent residency 60
- Visa-free countries 172
- Financing available No
Ireland
Irelandis a country member of the European Union, located in the island of the same name. It has a unique land border, with Northern Ireland, one of the constituent nations of the United Kingdom. The island is surrounded by the Atlantic Ocean and has the Celtic Sea to the south, the St. George Channel to the southeast and the Irish Sea to the east. The modern Irish state gained its effective independence from the United Kingdom in 1922, following a war of independence that ended with the signing of the Anglo-Irish Treaty, while Northern Ireland chose to remain in the United Kingdom.It has about 4 and a half million inhabitants. Its official languages are Irish and English. Its capital and most populated city is Dublin, located to the east of the island. Its official currency is the Euro.
- National Flag of:Ireland
- Currency:EUR
- Area Code:353
- Capital:Dublin
- Continent:Europe
- Native Languages:English, Irish
- Population:4,622,917
BENIFITS
With your new passport from Ireland you'll be able to access 172 countries visa free
citizenship benefits Get one of the most valuable passport worldwide Visa-free or Visa on arrival to 172 countries including United States Schengen Area United Kingdom Visa-free access to the United States Become an EU citizen with the right to live work do business invest own property and access to healthcare and education benefits throughout the European Union Access to educational and healthcare benefits Passport with optimal reputation permanent residency benefits The right to live and work in Ireland without any time limit Access to healthcare and education system Be eligible for citizenship in a short period of time temporary residency benefits Peaceful democratic and politically stable country Business-friendly policies High quality of life Potentially profitable investment English speaking country Be eventually eligible for permanent residency Low crime rate country Travel visa-free across the European UnionFEES
ITEM | AMOUNT |
---|---|
processing fees main applicant | €1 |
500 | |
total fees main applicant | €1 |
500 | |
processing fees spouse | 0 |
total fees spouse | 0 |
processing fees dependents -18 | 0 |
total fees dependent -18 | 0 |
processing fees dependents 18-25 | 0 |
total fees dependent 18-25 | 0 |
processing fees dependents +65 | - |
total fees dependent +65 | - |
TAXES
An individual is tax resident in Ireland, if he or she spends more than 6 months in a year within the country or has spent a total of 280 days in two consecutive years, or has been tax resident the preceding three years.
Tax residents are subject to tax on their worldwide income, while non-residents are taxed on their profits arising in Ireland.
Personal income is taxed at progressive tax rates up to 40% on annual income exceeding €33,800.
Dividends are taxed at standard rates, although individuals who are resident but not domiciled in Ireland are not subject to tax on their foreign investment income, provided that it is not remitted to the country.
Interest income is usually taxed at 39%, although certain exemptions may apply.
Capital gains are taxed separately at a flat tax rate of 33%. A rate of 40% applies in the case of certain interests in funds and life assurance policies.
Rental income is considered ordinary income and therefore taxed at the applicative tax rate.
As of January 2019, Ireland has implemented the EU-wide Anti-Tax Avoidance Directive Measures, which include new rules on controlled foreign companies (CFCs).
Property tax is levied by municipalities at a 0.18% rate for properties with a market value up to €1m and 0.25% on properties over €1m. Transfers of properties are subject to a stamp duty between 1% and 2%.
Assets passing on death and on lifetime gifts are subject to a capital acquisition tax at a 33% rate.
There are no taxes on net wealth in Ireland.
The V.A.T. standard rate is 23%. Reduced rates of 13.5%, 9% and 4.5% may apply for certain goods and services.
With regard to corporations, resident entities are subject to corporate income tax on their worldwide income. The tax rate for trading income is 12.5%, while for non-trading income is taxed at a 25% rate. To learn more about Irish corporate taxation, legal framework and tax treaties, check out incorporations.io/ireland.
TAX ITEM | DESCRIPTION |
---|---|
Property tax | Yes |
Transfer tax | Yes |
Inheritance tax | Yes |
Net worth tax | No |
CFC law | Yes |
Tax residency days | 183 |
Personal income tax rate | 40% |
Capital Gains tax rate | 33% |
Investment income tax rate | 40% |
Territorial taxation | No |
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