High net worth individuals worldwide choose the Irish Immigrant Investor Program (IIIP) to gain Ireland’s permanent residence. The simplicity of this program, combined with the fact that Ireland is the only English-speaking EU member country, makes it an appealing immigration pathway for foreign investors.
Between 2016 and 2018, 476 investors obtained a residency card through this program – encouraging more investors to apply for the IIIP through a simple 3-step process:
- Apply to the Irish government
- If the application is approved, make the required investment
- Obtain the Residency Card
There are four different investment options to choose from:
- Establish an enterprise in Ireland by investing at least €1 million
- Invest at least €1 million in an investment fund
- Invest at least €2 million in real estate
- Make a philanthropic donation of at least €500,000
For the first three options, the investment should be held for a minimum of three years. The duration is a shorter period than required by other European countries, but it is long enough for investors to make a sizeable profit. The purpose of immigration by investment is to obtain the Residency Card and secure long-term financial stability.
At Abhinav Immigration Services, we believe in guiding prospective immigrants to make a safe investment that will yield high returns in the future. To ensure that your investment in Ireland is profitable, you must calculate the potential return on investment, identify business risks, and prepare an exit strategy.
The majority (81%) of investors who have migrated through the IIIP have chosen the enterprise investment option, while 12% chose the philanthropic donation route. Enterprise investment offers sufficient returns, has a clear exit strategy, and the scope for risk management. To mitigate risks, investors can examine the projects of the enterprise and their income generation model.
The Irish government already specifies preferred sectors and projects in which enterprise investment is encouraged. Investing in these sectors increases the chances of securing permanent residency in Ireland. Projects involving B2C or B2B operations are more prone to human risk, regulatory changes, and economic variations than projects deriving income from the government.
So, if you invest in one of the sectors preferred by the government, and your project derives income from the government, you can safeguard the initial investment and make a profit – as well as obtain residency. Ireland is recognized as a tax haven, attracting some of the giant global corporations and capital investment.
Ireland’s fertile investment environment, high quality of life, healthcare, and education benefits make it the EU’s prime investment immigration destination. Unlike other EU Golden visas, the IIIP only requires investment to be made after the application has been approved, offers a wide range of investment options, and allows for hassle-free liquidation of the investment.
Abhinav also offers entrepreneurs assistance through a Critical Skills Class program against a net cost of around INR 85-90 lakhs. Details of the program are available at https://www.businessimmigrationvisas.com/ireland-critical-skills-class-visa-for-entreprenuers/.
Abhinav can help you invest in obtaining Ireland’s permanent residence. All you need is the full support of experienced consultants. At Abhinav, we value your investment and ensure that it pays off generously – in the form of application approval and high monetary returns. To find out more about the IIIP and plan your investment, rely on our seasoned consultants – available digitally and at pan-India offices.