REITs are exempt from corporate tax and must distribute most of the profits each year, which means that they create a fixed source of income for investors.
You do not have to live in Ireland to maintain your Investor status, but you must be present a least one day out of the 365 days in the year. This allows participants in the scheme the freedom and ability to continue to direct and conduct business interests overseas. However, if you choose not to make Ireland your home, you will not be eligible to apply to naturalise at the end of 5 years.
Successful investor visa applicant and their families can apply for Irish citizenship after 5 years, if the eligibility for Irish citizenship has been met. Since 2019, you must be able to demonstrate that you have been in continual residency (without breaks) in Ireland the year before application for citizenship.
Yes, Ireland allows dual citizenship, so if you apply for your Irish passport after five years residency, you can also retain your original citizenship.
Key benefits of investing in Ireland include:
Ireland is the only country that also allows its citizens to freely live and work in the UK.
Previous application windows will no longer apply. Applications can be submitted at any time.
A rejection of an IIP application is final and there is no process for appeal. You will receive a letter outlining the reasons for your rejection.
You are free to make a new application at a later date.
Ireland is increasingly becoming one of the best places in the world to do business. It is no surprise that we are considered one of the top three countries for investment. Countries including China, the US, United Arab Emirates, Brazil and India are among the biggest investors in Ireland.
The Irish tax system is based on residence, so there is no tax on worldwide income for nonresidents (if you decide you don’t want to live in Ireland during your residence). However, you will be taxed on Irish-sourced income, including the income from your investments, as well as income remitted to Ireland. That said, the corporate tax rate is only 12.5%.