Immigrant Investor Programme
With a surge in interest from non EEA nationals and their families looking to invest in Ireland and obtain rights of residency, the rules for the Immigrant Investor Programme changed with effect from 2 January 2017. Dramatic increases in the number of applications lodged during 2016 has led the government to revisit the criteria and it has now been confirmed that the threshold for the Enterprise Investment and Enterprise Investment Fund has increased from €500,000 to €1,000,000 from 2 January 2017. Applications from interested parties will be accepted at five stages throughout the year.
Typically an investor will chose one of five investment options. They will then file an application with the Irish Naturalisation and Immigration Service furnishing evidence of the funds available for investment, demonstrating a net worth of at least €2 million and providing details of the proposed investment. Once the investor and the investment has been approved by the Evaluation Committee and the Minister for Justice and Equality the investor will have to invest the funds and the investor and their family will be issued residence permissions.
For further information on this programme please contact Emma Richmond or your usual Whitney Moore contact.