How Can Non-EEA Nationals Invest and Start a Business in Ireland? Part 1 of 3

start up business in ireland

Immigrant Investor Programme

The Immigrant Investor Programme was established by the Irish Government in 2012 to stimulate productive investment in Ireland and to offer residency in Ireland.

Purpose of the programme

The programme provides non-EEA nationals (together with their immediate families) with secure residency status in Ireland subject to their commitment to an approved investment.

Key Points of the Programme

  1. Non-EEA investors (and immediate families) who invest in Ireland can access multi-entry visa. The visas may last up to 5 years with the possibility for ongoing renewal.
  2. The investment must be for the good of Ireland, good for jobs and in the public interest.
  3. The funds must be legally acquired and owned, i.e not borrowed by an investor.
  4. The investment must fall into these categories (minimum investment noted):
  • €500k donation to a public project that benefits, the arts, sports, health, culture or education. A donation of €400k will qualify a group of 5 individuals are pooled
  • €500k investment into a new/existing business for a period of at least 3 years
  • €1,000k investment in 5-year immigrant investor bond
  • Mixed investment of €450k in property plus €500k in immigrant investor bonds
  • €500k investment in managed funds that would invest in Irish business (an approved fund is not available at this point)
  • €2,000k investment in any Irish Real Estate Investment Trust listed on the Irish Stock Exchange

Application Process

Non-EEA nationals seeking residency under the scheme should contact the Irish Naturalisation and Immigration Service and complete an application form. A non-refundable application fee of €750 is required.

What Questions Do You Have?

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    Posted on July 29, 2015 by Cooney Carey