Compared with the investor migration programmes of major countries such as the US, Canada, Australia and the UK, Ireland’s investor migration programme is the only one that grants approval before investment — making it especially suitable for applicants with no English requirement, no business background requirement, and no long-term residency requirement.
What are the real advantages of obtaining Irish status?
# Advantage One #
A green channel to the EU and other countries
According to the 2020 Global Passport Power Rank, the Irish passport outranks the likes of the UK and the US, tying for 7th place with Switzerland, Portugal, the Netherlands and Austria.As an EU member state, holders of an Irish passport enjoy the right to freely enter other EU countries, and can freely settle, do business and access welfare benefits in any EU member state.
# Advantage Two #
A back-door route to migrating to the US
In November 2018, the US passed legislation allowing Ireland to join its E-3 visa programme, opening up around 5,000 E-3 work visas a year to Irish citizens, letting them legally live and work in the US long-term. The E-3 visa has no age limit, is valid for two years, and can be renewed indefinitely.
# Advantage Three #
High-quality education, healthcare, aged care and business conditions
Education —
Ireland is a genuine English-speaking country. Primary and secondary schooling is compulsory, and education spending as a share of the economy is higher than both the OECD and EU averages.Its education standards and quality in fields such as medicine, engineering and computing rank among the best in the world.
Healthcare —
Ireland’s healthcare system is split into public and private services. Regardless of whether you hold a relevant visa or a passport, once the Health Service Executive (HSE) recognises you as a resident of Ireland, you’re entitled to access Ireland’s public healthcare system.
Aged care system —
Under Ireland’s aged care system, residents are required to make regular social insurance contributions before age 56, and from age 66 can draw a pension graded according to their years of contributions. The Irish government provides state subsidies for elderly people who need to move into a nursing home, funding placements in either public or private homes at roughly €1,000 per bed per week.
Business conditions —
Ireland’s business advantages stand out — it is a member of the EU, the OECD, the WTO and the UN, with a developed economy and an excellent environment, earning it the nicknames “Silicon Valley of Europe” and the “Emerald Isle.”For three consecutive years it has been ranked by Forbes as the best country in the world for doing business, and for seven consecutive years running it has topped IBM’s list of the world’s best destinations for overseas investment, making it a favourite investment destination for Fortune Global 500 companies.What’s more, Ireland is one of the lowest-taxing countries in Europe, with a corporate tax rate of just 12.5%. It’s precisely this low tax rate that has attracted so many well-known companies and high-tech talent.
Irish Government Social Housing Scheme
“The Classic Investment Model”
Ireland’s investor migration programme has stayed red-hot in recent years, and is especially popular among migration investors from China. According to data released by The Irish Times, since the investor migration programme launched in 2012, a total of 1,166 investors have completed their investment and successfully obtained residency cards, the vast majority of whom — 1,088 investors — are from China.
Programme advantages
1. Approval comes before investment, with no requirements on language, education or business background;
2. Invest €1 million and recover the principal within 3 years;
3. Backed by property and land as security, keeping the principal safe;
4. Just prepare source-of-funds documents — no personal income tax or social insurance requirements;
5. No interview and no queue — processing takes 6–8 months, with the whole family granted a green card in one step;
6. No residency-monitoring requirement — just one landing per year for 5 years, after which the landing requirement is lifted;
7. Unmarried, financially independent children under 24 can apply as dependants;
8. Citizenship requires no language test or citizenship test, and dual nationality is recognised.
Application requirements
— Main applicant must be 18 years or older
—Proof of net assets of €2 million (savings, investments, property or gifted assets)
— No criminal record
Application process
A. Submit application: 6–8 months for approval by the immigration authorities;
B. Pre-approval: complete the €1 million investment within 90 days;
C. Formal approval: land in Ireland, provide biometric data, and receive a green card valid for 2 years;
D. Renewal: once the 2 years are up, renew for a green card valid for 3 years (subject to meeting requirements: the investment must not be withdrawn, and one landing per year is required);
E. Return of investment: once the 3 years are up, the investment funds are returned (completed within 6 months, together with payment of investment returns);
F. Renewal: once the 3 years are up, renew for a green card valid for 5 years.
For those of you preparing for investor migration —
a change of approach opens up a new way forward.
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