Irish Immigrant Investor Programme (IIP)
The Immigrant Investor Programme (IIP) is a pathway for non-EEA nationals to secure immigration permission to Ireland on the basis of long-term investment of a sum of money in a project that has been approved for that purpose by the Department of Justice and other Government stakeholders.
The IIP was introduced by the Irish Government in 2012 to encourage inward investment for the creation of business and employment opportunities in the State. The programme is designed to encourage investors and business professionals from outside the European Economic Area to avail of opportunities of investing and locating their business interests in Ireland and acquire a secure residency status in Ireland.
Applicants to the IIP must be high net worth individuals with a personal wealth of at least €2 million. The IIP requires applicants to invest a minimum of €1 million for a minimum of three years. The funds used for an investment must be from the applicant’s own resources and not financed through a loan or other such facility.
Supporting documentation as listed in the guidelines including evidence of your net worth, details of the source of your wealth and evidence of your good character.
Business plan and executive summary for your chosen investment option.
1. An approval letter issues to the applicant and investment is then made within 90 days.
2. The investor submits evidence of the investment to Minister.
The Minister issues an approval letter to the investor to register the residency permission.
1. A total of five years of residence in the eight years prior to the application.
2. Live for 12 months before application and no criminal record.
You may apply to become an investor in the IIP if:
- 1. You are a person of good character.
- 2. You have not been convicted of a criminal offence in any jurisdiction.
- 3. You have a minimum net worth of €2 million
- 4. You have an interest in investing in one of the four eligible investment options mentioned above.
- The Minister for Justice reserves the right to introduce revised guidelines, in any manner deemed necessary to ensure the most effective, accountable and transparent operation of the IIP. Applicants and sponsors should also be aware that the Department of Justice is enhancing the due diligence processes including:
- ♦Anti-Money Laundering (AML)
- ♦Know Your Client (KYC)
- ♦Politically Exposed Persons (PEPs)
- ♦Sanction checks.
Immigration Service Delivery (ISD) wish to state that under no circumstances will a loan, provided to the applicant for the purpose of making an IIP application, be considered an appropriate source of funding. As part of the IIP application process, ISD will undertake a comprehensive examination of the sources of proposed funding. ISD will require significant supporting documentation attesting to the source of the funds and appropriate independent verification of documentation from suitably qualified legal advisors in the relevant jurisdictions. If an applicant seeks to rely on loaned funds for the purposes of an IIP application, the application will be refused.
When your application is approved
Applicants who are successful and whose investment proposals are deemed suitable by the Evaluation Committee and the Minister for Justice, will be issued with a pre-approval letter inviting them to make their investment.
When an applicant fulfils the investment requirements they and their qualifying family members will be granted residence permission in Ireland under Stamp 4 conditions.
Additional conditions of your permission:
- 1. Your designated investment must remain in place for the specified period
- 2. You must not become a financial burden on the Irish State
- 3. You must not be convicted of a criminal offence in any jurisdiction.