Ireland IIP First Choice for Entrepreneurs
Why is the Irish Immigrant Investor Programme (IIP) so popular for affluent entrepreneurs and investors?
By: AXESA Global
In addition to being a member of the EU, Ireland has a Common Travel Agreement (CTA) with the United Kingdom which allows both British and Irish citizens to move freely between and reside/study/
What are the benefits of the Irish IIP?
Unlike citizenship programmes that require a non-refundable government contribution (Cyprus, Malta, St Kitts) most residency programmes (including the Irish IIP) do not have these 'sunk costs'. The required IIP investment can be fully reimbursed/sold at the end of the 5 year period stipulated in the regulations.
The Irish IIP is one of the lowest risk residency programmes and acts as a stepping stone to European citizenship. The IIP grants foreign nationals the right to reside in Ireland. After 5 years of physical residency, they can exit their investment (anticipating a full reimbursement of their capital) and apply for Irish Citizenship (12-month process).
The foreign national can invest EUR 1,000,000 with peace of mind in a low-risk, asset-backed mutualised debt fund that is regulated by the Central Bank of Ireland. The IDLF fund is the only asset-backed debt fund available on the Irish market and provides investors with the assurances that they will have their capital returned at the end of the investment term.
IIP applicants are eligible to a EUR 50,000 reduction in the minimum investment required, if one of their adult dependent children included in the application are enrolled in one of Ireland's world-class universities for tertiary education.
There is no requirement for IIP applicants to demonstrate a proficiency in English, the key requirements are to prove they are of suitable character and can meet the due diligence assessment.
Why the Irish IIP is the right choice for you
Ireland is a financial hub, the HQ of Google, Facebook, Twitter, Huawei, Novartis and numerous other businesses. The IIP offers an opportunity for high-net worth individuals to invest in the Irish economy and it provides a safe, secure and booming economic environment for investors' businesses and families to flourish in.
The Irish IIP is the first choice for affluent investors and business owners seeking solid residency solutions in Europe.
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