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Immigrant Investor Programme (IIP)

Important note:

What Is The Immigrant Investor Programme (IIP)

The Immigrant Investor Programme is a program developed by the Irish government to attract foreign investment and promote economic growth. The program allows individuals and their families to obtain Irish residency, and in some cases, citizenship, in exchange for making a significant investment in the Irish economy. The investments may include funding for start-up businesses, investment in real estate or public projects, and other activities that promote economic development.

The Immigrant Investor Programme was introduced in 2012 to boost investment and job creation in Ireland, and it has since attracted significant interest from foreign investors. The program has become a significant contributor to the Irish economy, with foreign investors injecting millions of euros into the economy. In turn, the program has created numerous job opportunities and contributed to the growth of various sectors.

Eligibility Requirements for the IIP

If you are interested in applying to become an investor in the Immigrant Investor Programme (IIP) in Ireland, you must meet certain criteria. Firstly, you must be a person of good character and have not been convicted of any criminal offence in any jurisdiction. Additionally, you must have a minimum net worth of €2 million and have an interest in investing in one of the four eligible investment options.

It’s worth noting that the Minister for Justice reserves the right to introduce revised guidelines, as deemed necessary, to ensure the effective, accountable, and transparent operation of the IIP. As part of this, the Department of Justice is enhancing its due diligence processes, including Anti-Money Laundering (AML), Know Your Client (KYC), Politically Exposed Persons (PEPs), and Sanction checks, while also engaging in data sharing with the Revenue Commissioners in line with OECD common reporting standards.

It’s important to be aware of the Guidelines from the Central Bank, which deal with the regulation of anti-money laundering and the countering of terrorism financing.

Furthermore, it’s crucial to note that the Immigration Service Delivery (ISD) will not consider a loan provided to the applicant for the purpose of making an IIP application as an appropriate source of funding. ISD will conduct a comprehensive examination of the sources of proposed funding, requiring significant supporting documentation and appropriate independent verification from qualified legal advisors in relevant jurisdictions. If an applicant seeks to rely on loaned funds for an IIP application, the application will be refused.

Application Process for the IIP

 

Overall, the application process for the IIP can take several months to complete, depending on the complexity of your application and the outcome of the due diligence checks. It’s important to ensure that you provide accurate and complete information and comply with all the requirements of the programme to increase your chances of a successful application.

Benefits of the IIP

F.A.Q

The IIP is an Irish Government initiative that allows non-EEA nationals and their families to live, work and study in Ireland, provided they make a qualifying investment in the country.

The four eligible investment options include Enterprise Investment, Investment Fund, Real Estate Investment Trust (REIT) and Endowment. Each option has its own minimum investment requirement and specific eligibility criteria.

To be eligible for the IIP, an applicant must be of good character, have a minimum net worth of €2 million, have not been convicted of any criminal offences, have a genuine interest in investing in one of the eligible investment options and meet the other requirements set by the Irish Government.

The standard processing time for an IIP application is 6-9 months. However, the actual processing time may vary depending on individual circumstances and the complexity of the application.

Yes, the Irish Government has set a limit of 175 applications per year for the IIP.

Yes, an applicant can include their spouse or partner and dependent children under the age of 18 in their IIP application.

The benefits of the IIP include access to the European Union, permanent residency in Ireland, a pathway to citizenship, educational and employment opportunities, and access to healthcare.

No, an applicant must hold residency status in Ireland for a minimum of 5 years before being eligible to apply for Irish citizenship.

No, there is no language requirement for the IIP. However, knowledge of the English language may be beneficial for integration into Irish society.

If your application is rejected, you will not be eligible for the IIP and your investment funds will be returned to you.

Yes, you can apply for IIP even if you are already in Ireland on a different visa.

No, you must receive pre-approval from the INIS before making any investments.

Yes, you can invest in multiple projects as long as the total amount meets the minimum investment requirement.

Yes, you can include your spouse/civil partner and any dependent children under 18 in your application.

Yes, you are eligible to work in Ireland with your residency status obtained through the IIP.

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