Residency by Investment – Introduction
Ireland - Residency by Investment
Residency is a legal status offered to someone who is not an actual citizen of the country. This visa status gives the individual multiple benefits like the right to study, work, live and access healthcare in the nation. It is also commonly considered a way to achieve citizenship by naturalization, given the person resides in the country for a given period.
Because of its flexibility, many countries offer Residency by Investment program. It is a way for someone to get residency status in exchange for an investment made towards the economy of the country. The applications of people who opt for this mode are usually quickly processed.
Being able to reside in multiple countries is a personal and professional advantage that all high-net-worth individuals wait to grab hold of.
Such options are also called Golden Visa Programs, and a lot of countries within the European Union offer this right now. If you want to reside in another country as a resident and have the capacity to invest in the economy of the nation, then Residency by Investment may be the perfect way to achieve this.
Get in touch with VLinks Group to know how best to make use of the Residency by Investment opportunity.
Ireland
The Republic of Ireland is a country in Western Europe and is known for its stunning coastline and rich heritage. Being one of the major islands of the British Isles, the government is one of the fastest-growing economies in the Eurozone and has a lot of youth population. Ireland is also listed as the 12th most competitive economy globally.
In recent times, many high-net-worth individuals are choosing Ireland to obtain their second residential status, thanks to its flexible business policies and economic prospects.
Why opt for an Irish Residency?
Ireland boasts of excellent investment, employment, and business opportunities.
The country has some of the best educational institutions in the world.
You get the right to study, work, travel, and do business in Ireland as a resident.
You can include nuclear family members in the application.
You can avail citizenship by naturalization in just five years of being a resident.
Investment Options
You can choose four different investment options to get your Residency by Investment from Ireland.
Enterprise investment – Invest in any Irish enterprise of a value of at least EUR 1 million and hold your investment for a minimum of three years. The enterprise could be an existing or a new one. However, 60% of the workforce must be from Ireland.
Investment funds – Invest in an investment fund approved by the Central Bank of Ireland for a value of at least EUR 1 million and hold the investment for a minimum of three years.
Real Estate Investment Trusts (REIT) – Invest in any one or multiple REITs for a value of at least EUR 2 million. The REITs must be listed on the Irish Stock Exchange. You will be able to divest 50% of the shares after three years and an additional 25% after four years.
Endowment/donation – Choose a philanthropic cause of choice and donate at least EUR 500,000 to it. You will not be eligible for any financial returns for this investment choice.
Application process
1. Contact VLinks Group and express your interest in obtaining a Residency by Investment from Ireland.
2. We help you get the documents and application form right and submit it to the Irish Department of Justice.
3. Once the application is approved, you will receive a pre-approval letter.
4. Proceed with the investment of choice.
5. A Residential permit will be granted to the individual and family.
Processing time
It usually takes 3-4 months to process individual applications.
Citizenship eligibility
You may be eligible for citizenship by naturalization after living in Ireland for at least five years (including the 12 months before applying)
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