Immigrant Investor Program (IIP) Applications
The Immigrant Investor Programme (IIP) was introduced by the Irish Government in 2012 to encourage inward investment for the creation of business and employment opportunities in the State. The IIP is designed to encourage investors and business professionals from outside the European Economic Area (EEA) to avail of opportunities of investing and locating their business interests in Ireland and acquire a secure residency status in Ireland. Applicants must be high net worth individuals with a personal wealth of at least €2 million. Applications are determined by an Evaluation Committee, composed of senior civil and public servants from relevant Irish Government Departments and Agencies.
The programme offers four investment options for potential investors:
- Enterprise Investment: A minimum of €1 million invested in an Irish enterprise for a period of at least 3 years.
- Investment Fund: A minimum of €1 million invested in an approved investment fund for a period of at least 3 years. Such funds must be approved and regulated by the Central Bank.
- Real Estate Investment Trusts (REIT): A minimum investment of €2 million in any Irish REIT that is listed on the Irish Stock Exchange, for a period of at least 3 years.
- Endowment: A minimum €500,000 philanthropic donation to a project which is of public benefit to the arts, sports, health, culture or education in Ireland.
A non-EEA national may apply under the IIP for permission for themselves and their spouse/civil partner and children under the age of 18 to reside in the State. Dependent children between the ages of 18 and 24 may also be considered if they are in full-time education.
The programme is for
- Investors who wish to undertake one of four eligible investments in Ireland
- Enterprise Investment
- Investment Fund
- Real Estate Investment Trusts (REIT)
- Endowment
These investors should be
- High net worth individuals with a minimum personal net worth of €2 million
- Investors who are of good character and have not been convicted of criminal offences in any jurisdiction
Under no circumstances will a loan provided to the applicant for the purpose of making an IIP application be considered an appropriate source of funding.
In order to apply for the Programme, investors should
- Make an application for approval under the IIP indicating the investment opportunity you wish to pursue.
- Complete the application form and provide all requested supporting documentation including evidence of your net worth, details of the source of your wealth and evidence of good character.
- You must pay the non-refundable application fee of €1,500 by electronic funds transfer
- . Incomplete applications will be returned.
When are investors required to commit to their chosen investment?
You are required to transfer the appropriate funds to your preferred investment option only after your application has been approved by the Minister for Justice and Equality. Your permission to reside in the State will only issue once evidence has been provided that the investment has been made.
OECD Data Sharing In order to support the OECD’s Common Reporting Standard, INIS through the Irish Revenue Commissions will spontaneously exchange the personal data of successful IIP applicants with the jurisdiction of tax residence of the successful applicants.
The Start-up Entrepreneur Programme.
Introduced by the Irish Government in 2012 to allow for innovative entrepreneurs to apply for permission to establish their business and reside in Ireland on a full-time basis.
You may apply electronically at any time if you are:
- A person of good character.
- Have not been convicted of criminal offences in any jurisdiction.
- Have the required 50,000 Euro funding available
- Have an innovative business proposal
You should submit an online application and pay the application fee.
An Independent Evaluation Committee will evaluate the suitability of your proposal and will make their recommendations to the Minister for Justice.
