Ireland Offers the Best Golden Visa Programme: The Ultimate Guide 2022

Do you want to build your career and life abroad? Ireland has taken multiple initiatives and presented a lenient policy to land this workplace. It is a golden opportunity to gain the benefits of golden visa Programmes. Their fresh approach has assisted thousands of individuals and families settling in the world’s one of the most populous countries. Due to the pro-business environment and attractive taxation rates, almost hundreds of multinational companies have chosen Ireland as their strategic European base. Imagine how shifting abroad can significantly improve the lives of immigrants, families, and parents. It is an ideal opportunity to avail and fulfil your dreams.

What is the Ireland Immigrant Investor Programme (IIP)?

The Irish Government established the Immigrant Investor Programme (IIP) in 2012 to encourage companies and investors other than the European Economic Area (EEA) to invest in Ireland and seek business interests. This Programme is also known as the Irish Golden Visa. It allows eligible applicants to obtain permanent residency in Ireland. The Ireland Entrepreneur Visa is developing rapidly, with local investors investing more than 800 million Euros. The main factor behind the high acceptance rate is the absence of restrictions on the number of applications in a year. Investors can apply for the Immigrant Investor Programme at any time of the year.

Know the Four Steps to Obtain Ireland Residency Visa by Investment

It is no surprise as Ireland has one of the lowest corporation tax rates in Europe at 12.5%. Companies can avail of a 25% tax credit against research and development costs. At this point, you must understand that Ireland IIP consists of four steps:

1. Application Preparation

First, you prepare an application for initiating the procedure without committing to investment funds. Investors accept this element as they don’t need to deploy the funds. They can invest before they get authorization for the residency permit.

2. Due Diligence

The Evaluation Committee reviews and approves your application. All applications are subject to a due persistence process regarding anti-money laundering, understanding Your Customer, Politically Disclosed Persons, and sanction inspections. Additionally, the officials are engaging in data sharing by the OECD standard reporting criteria.

3. Investment

After approval, you proceed with an investment under your application.

4. Proof of Investment

Finally, you prove that you’ve invested.

The Crucial Part: Eligibility Criteria for Golden Irish Visa

There are a few criteria that are necessary to meet. You can apply for Irish residence by investment:

• The age of 18 years old is a must.
• You’re a non-EEA national.
• You have no criminal background.
• You have a net worth of approximately €2 million.
• You’re affixed to prove that you will not acquire a loan to bring about the investment.

Get a Golden Visa that Leads to Citizenship

Let us take a closer look; Ireland IIP is an Ireland residency Programme but not a direct way to citizenship by investment. However, residency in Ireland advocates a citizenship application under the naturalization rules of the country. It would administer if you had a recommendation from a full-service investment immigration agency to get a Golden Visa. These agencies help provide end-to-end residence and citizenship solutions through investment Programmes in numerous countries or Ireland. You have the right either apply for Irish permanent residency or qualify for Irish citizenship after completing at least five years of possession in the country.

Know the Benefits of the Ireland Golden Visa Programme

The Ireland Immigrant Investor Programme (IIP) is considered one of the sound and most promising immigrant investor schemes worldwide. Leading to citizenship after a while, low stay requirements, and tax administration are among the benefits that encourage the investors to choose this Programme.

1. Residency Leading to Citizenship

After you’ve lived in the country for five years and bore all taxes, you’ll be suitable to ask for Irish citizenship and a passport. An Irish passport will allow you to travel to more than 185+ countries worldwide. Your family is also eligible to apply for citizenship. Once you get access, you can reside, work, or study in any European country without additional visa requirements.

2. Getting Irish Residency

After the approval of your IIP application, you’ll get an Irish residency permit, also known as Stamp 4. With this authorization, you and your family can live, work, start a business, or study in Ireland for the next two years.

3. Fewer Stay Requirements

If you don’t consider applying for Irish citizenship after five years, staying in Ireland for one day a year will be enough to keep the permit. That is one of the softest stay requirements among other EU countries offering residency Programmes.

4. Stay in Ireland after Claiming the Investment Back

Once you have terminated your five-year stay and declared your investment back, you can still have your residency in the country and apply for citizenship.

5. Favorable Tax Regime

Ireland’s corporate tax rate is 12.5 %, and the tax system depends on the residence. If you don’t have a goal to stay in Ireland during the term of your visa, you don’t require to become an Irish tax resident. However, note that Government will charge tax on your income in Ireland. That comprises the income from investments and those you remit.

6. Prioritized EU Entrance

Stamp 4 holders need a visa to travel across European countries. However, the access is fast processed and granted free of charge. Once you acquire citizenship, you’ll be able to travel within Europe visa-free.

7. Exceptional Education System

Irish residency has multidimensional benefits. Your children will have entered the leading colleges and universities in Ireland. You can also avail of a discount of up to €50,000 on your investment for any educational expenses you plan to dedicate to Ireland.

8. Dynamic Business Environment

Ireland offers total operating costs and high-quality services. It draws high-value investment projects in various sectors. Its primary focus is to add quality to the lives of residents.

9. Elevated Standard of Living

Ireland ranks second in quality of life and has promoted jobs, earnings, housing, and personal security. Ireland will offer you and your family members an enjoyable and proportional way of life.

10. English is not a Compulsory Language

English is the official language of Ireland. However, the positive point is that you don’t need to master the language to invest or live in the country. That is an attractive benefit for people from China and other Asian countries with a native language other than English.

11. Access to England

If you get your Ireland citizenship after five years of residency in Ireland, you’ll have the right to live and toil in the European Union and the United Kingdom. As per the Common Travel Area  Agreement approved by Ireland and the UK, the citizens of both countries attain the right to work, study, and travel willingly between the two countries.

A Complete Guide to Ireland Golden Visa in Steps

You are the sailor of your boat. Once you’ve agreed on an investment option, you must take the following steps to get your residence in Ireland.

• Organize your documents and apply to Immigration Service Delivery (ISD) without committing any investment.
• Receive permission for the application from the Evaluation Committee of the ISD.
• Generate the investment with your approval letter within three months.
• Submit your proof of the investment to the Minister.
• Receive your approval letter from the Minister to register your residency permit in the record.
• Avail your two-year residence permit and become an Irish resident.

Ireland IIP authorizes you and your families to keep your residence permits by staying in the country only for one day a year.

Business-friendly Golden Visa Investment Options

The World Bank’s ‘Doing Business’ report proportions Ireland as the most straightforward European location to commence a business. The same report states Ireland’s tax regime is the most business-friendly in Europe or the Americas. Where you select to invest in Ireland depends on your financial situation and long-term plans. However, getting professional guidance is essential before committing to an investment.

1. Investment Fund

If you are concerned about benefiting from the services of professional and approved investment intermediaries, it is a suitable option to invest.

2. Enterprise Investment

Suppose you want to create a new corporation or invest in an existing business. In that case, you already have an investment or business policy and consider Ireland a good location.

3. Endowment

Suppose you want to actively engage in philanthropic activity and support projects that benefit the Irish public. It is also acceptable for investors who wish for a specific investment option and has no extra financial obligations.

4. REITs

If you are looking for lower-risk property investment, you can assort the investment into a collection of properties. REITs will produce a regular income and have curtailed disclosure of adverse equity risk due to the debt limits within the scheme.

Having no mistake about it, Ireland is known for its business-friendly economy and provides smooth ways to invest and prosper the business via The Golden Visa Programme. That is not just for large multinationals. A professional service is worth doing, just like Event & Wedding Planning, Legal & Will Writing Services, Human Resource Recruiting, IT sectors, and HR services in demand in Ireland. The right decision on time hits the opportunity to benefit from it. It is a fantastic business environment that enables diverse talent to thrive.