- Enterprise Investment
A minimum of €1.0 million invested in either a single Irish enterprise or spread over a number of enterprises for a minimum of three years.
The enterprise can be a start-up or existing business but must be registered and headquartered in Ireland and the investment must support the creation or maintenance of employment. The purchase of publicly traded securities will not be considered an eligible investment. The investment must be made in the name of the individual seeking residence.
The most recent audited accounts must be submitted for existing businesses. A business plan must also be submitted for all businesses, indicating how the investment will help create or maintain employment.
- Investment Fund
A minimum of €1.0 million invested in an approved investment fund. The investment must be held for a minimum period of three years.
The Irish Naturalisation and Immigration Service have specific guidelines in relation to the type of fund they approve. In general the monies invested by the fund must represent equity stakes in companies not quoted on any stock exchange. The funds and fund managers must be regulated by the Central Bank. There are a number of funds in Ireland which have been set up specifically with IIP investors in mind.
- Real Estate Investment Trust (“REIT”)
A minimum of €2 million invested in any Irish REIT that is listed on the Irish Stock Exchange. The investment may be spread across a number of different Irish REITs. The full investment must be held for a minimum period of three years. During this period the number of shares approved must be retained even if their value rises above the original €2 million investment. After three years the investor may divest up to 50% of the shares purchased for the IIP, and after four years the investor may divest no more than a further 25%. After five years there are no retention obligations.
An investment in a REIT provides an investor with a lower-risk property investment model in which the investment is diversified into a pool of properties. The debt limits within REITs reduce exposure to negative equity risk. REITs are exempt from corporation tax and are required to distribute the majority of profits each year, so generate a regular stream of income for investors.
A minimum endowment of €500,000 is required in a project of public benefit in the arts, sport, health, cultural, or educational field. It will be regarded as a philanthropic contribution and investors will receive no financial return.
Funds must come from the Applicants own resources. Successful applicants and their dependants will secure residency in Ireland with the potential of gaining Irish citizenship.