How Can Non-EEA Nationals Invest And Start A Business In Ireland? An Overview

entrepreneur start a business

There are three schemes overseen by the Department of Justice and Law Reform that match inward investment with the entitlement to live/ work in Ireland:

1) Immigrant Investor Programme
2) Start-up Entrepreneur Programme (“STEP”)
3) Business Permission

These schemes are overseen and managed directly by the Irish Naturalisation and Immigration Service.

Purpose of initiatives

The initiatives were established by the Irish Government in 2012 to stimulate Read more

Posted on June 23, 2015 by Cooney Carey

Public Consultation On Development Land

land Ireland

The Minister of Finance invited interested parties to make submissions regarding:

1) Views on the extent of undeveloped zoned and serviced lands;
2) Reasons for their non-development;
3) Possible corrective tax measures to encourage development.

The context to the Public Consultation is as follows:

A) The Minister of Finance in his 2015 Budget made reference to owners of zoned and serviced lands waiting for higher prices before taking steps to develop the lands. He also mentioned that previous property tax reliefs were allowed to continue too long and were not adequately measured to determine if their goal had been achieved.

B) The Minister for Environment, Community and Local Government is separately developing proposals to underpin development of priority areas in local authority and county development plans. They are examining the introduction of Read more

Posted on June 11, 2015 by Paul Leonard

Microfinance Ireland – Change in Lending Terms

Lending microfinance ireland

As of the 1st of April 2015, businesses seeking loans from Microfinance Ireland (MFI) will no longer require commercial bank refusal before they can apply for lending from the government backed fund.

This fund was establish in 2012 by the Irish government to help start-up, new or growing enterprises across all sectors. The Microenterprise Loan Fund offers €90m in new lending to 5,500 micro-enterprises.

The MFI chairman Geraldine Kelly said the requirement for a bank to refuse a company credit before they can apply to MFI is being removed as it may act as a deterrent to some businesses.

Companies with commercially viable proposals can avail of loans of up to €25,000. These companies must employ fewer than 10 people and have turnover of less than €2m. Borrowers pay a commercial interest rate.

For further information on the MFI fund see www.microfinanceireland.ie

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Posted on April 14, 2015 by Cooney Carey

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