Ireland- New Investor and Entrepreneur Programme - | Hudson McKenzie

Ireland- New Investor and Entrepreneur Programme

April 3, 2012 | News

The Irish Government has launched two new immigration programmes aimed at Investors and Entrepreneurs who are prepared to invest or create jobs in Ireland.

Immigrant Investor Programme

The Immigrant Investor Programme requires applicants to make substantial investments in Ireland.

Successful applicants will be granted an initial period of five years, subject to a review after the first two years to ensure that the conditions of the Programme are still satisfied.

The applicant is not required to establish actual residence in Ireland. The individual must however visit Ireland at least once in every 12 month period.

Applicants must be able to make the following types of investments in order for their application to be considered:

  • A minimum €2,000,000 investment in a special low interest immigrant investor bond to be issued on behalf of Ireland by the National Treasury Management Agency.  The bond will not be transferable and must be held for five years.
  • A minimum €1,000,000 investment into new or existing Irish businesses for a minimum of three years. The investment must contribute to creating or saving jobs.
  • An endowment of a minimum of €500,000 to a public project benefiting the arts, culture, sports, education or health.
  • A minimum €1,000,000 mixed investment consisting of a €500,000 investment in property and €500,000 investment in immigrant investor bonds. Where an overall investment in property is over €1,000,000 and is considered to be of particular benefit to the State, a bond investment may not be required.

Start-up Entrepreneur Programme

This Programme has been designed to encourage migrants who have a business idea and funding of at least €75,000 to support their idea.

Successful applicants will be granted an initial residence for two years. Closer to the expiry of their visa, the Government would carry out a review to see the progress of the business and subsequently permission may be renewed.

For further information on the above or how we can assist you, please get in touch with Rahul Batra who is a Director and Head of Department at rahul.batra@hudsonmckenzie.com or +44 (0)20 3553 7711.