Immigration News

Ireland Immigration: Invest EUR 1 Million, Approval in as Fast as 4 Months, Eligible for Naturalization after 5 Years

 

Posted by Uni Immigration on 2020-05-20

(Reposted from May 20, 2020, hket)

Ireland, adjacent to the United Kingdom, is one of the emerging immigration countries in recent years. Its low "immigration supervision" threshold and complete education system have attracted many Hong Kong people to immigrate there. The COVID-19 epidemic has severely hit the economies of many countries. An Irish investment consulting company pointed out that immigration inquiries decreased during the epidemic. However, since the company's investment immigration plan is to invest in local social infrastructure, such as nursing homes and community housing, it is believed that the epidemic will have less impact on these investment projects. It is expected that after the epidemic eases, investors interested in investing in immigration will pick up.

Get your application approved in as fast as 4 to 6 months
James Hartshorn, CEO of Irish investment advisory firm Bartra Wealth Advisors, said that after Brexit, holders of an Irish passport can still freely enter and exit the UK and all EU countries, which is a considerable advantage for people who plan to live or work in the UK. He also pointed out that although Ireland has restricted economic activities due to the impact of the epidemic in recent months, since the country has been the fastest growing economy in the EU in recent years, he believes that with the support of policies, the local economy is expected to gradually recover. Ireland's Dublin Immigrant Investor Program (IIP) has the following four types. Hartshorn pointed out that immigration applications can be approved as quickly as 4 to 6 months, and investment is required only after approval, which is more secure for applicants.

  • Invest 1 million euros (approximately HK$8.48 million) in designated local enterprises, with an investment period of at least 3 years;
  • Invest 1 million euros (approximately HK$8.48 million) in local funds. The funds must be approved and supervised by the local central bank, and the investment lasts for 3 years;
  • Invest 2 million euros (approximately HK$16.96 million) in locally listed real estate trusts (REITs) with an investment period of at least 3 years;
  • Donate 500,000 euros (approximately HK$4.24 million) to charity projects that support the development of art, sports, health, culture and education.

Children enjoy free education and good employment prospects
To invest and immigrate to the local area, people need to be over 18 years old and have assets of no less than 2 million euros (approximately HK$16.96 million) or equivalent value. They can bring their spouse, children under 18 years old, or children who are single and financially independent between 18 and 24 years old. After successfully applying for a visa, children can enjoy free education. Hartshorn pointed out that Ireland is an English-speaking country with a complete education system. In addition, many scientific research companies have set up local branches, including Google, Microsoft, Amazon and Apple, and the good employment prospects attract many parents. Ireland's immigration threshold requirements are lower than those of other countries. You only need to enter the country once a year to retain your right of residence. The naturalization requirements are simple and there are no English proficiency requirements. You can apply for naturalization after living in Ireland for 5 consecutive years.

The investment period lasts from 3 to 5 years
Bartra offers two major investment projects, which are investment projects recognized by the Irish government, including community housing projects and nursing home centers. The community housing project lasts for 3 years, while the nursing home center project lasts for 5 years. Hartshorn pointed out that the project is supported by government policies, investors enjoy the mortgage rights of the invested projects, and the company has also purchased investment management insurance and third-party liability insurance.

Editor in charge: Li Ying

* Source: Hong Kong Economic Daily hket
* Original link (click here)
* For more information on Irish immigration, please click here