Ireland Golden Visa, otherwise known as the Irish Immigrant Investment Program (IIIP) is an investment program established by the Irish government in 2012 to allow non-EU citizens to invest a minimum of 1 million euros in an approved investment fund and gain Irish permanent residence in return.
The Ireland Golden Visa was officially put to rest on 14 February 2023. So, the rest of the information below was for how the program was as of when it was on.
What is an Ireland Golden Visa?
The Ireland golden visa is an investment program by the Irish government that allows non-European foreigners to invest a minimum of 1 million euros in an approved investment fund, and the Irish government grants the person investing permanent residence in rerun.
Benefits of the Irish Golden Visa
The benefits of the Irish Golden visa include the following:
- The opportunity to live, work, and study in Ireland
- The unlimited access in and out of the country
- Having a residence status in an EU country with an excellent standard of living
- Irish residency with a pathway to citizenship
- Educational incentives
- An unlimited time to stay and live in the country
- Full family residency
Ireland Golden Visa Requirements
The Irish Golden visa requirements include;
- The investor must demonstrate a net worth of at least 2,000,000 euros
- Must have enough funds to cover healthcare and stay in the country
- Clean criminal record
- No previous visa refusal
- The minimum invested amount of 1,000,000 euros in an approved investment fund will be held for a minimum of 3 – 5 years.
Ireland Golden Visa Procedures and Time Frame
The applicant is required to complete an application form. This is to be submitted along with the necessary fees and accompanying documents. You also need to submit a detailed plan of the said investment. If successful, you can add members of your immediate family to the visa at no extra cost.
The approved golden visa is valid for 2 years and can be renewed thereafter
Irish Residency to Citizenship by Investment Program
A successful and resident Irish golden visa holder can apply for Irish citizenship after five years of residency. The prestigious Irish passport is one of the top 10 strongest passports in the world. With it, you’ll be enjoying visa-free access to over 180 countries across the globe
Frequently Asked Questions
Does Ireland Offer a Golden Visa Program?
According to BBC News, Ireland issued the golden visa to non-EU investors in return for the Irish permanent residency. But, this program was discontinued on the 14th of February, 2023.
How Much Should You Invest in Ireland to Get Citizenship?
To become an Irish citizen by investment, you must first have a minimum net worth of 2 million euros, of which a minimum of 1 million euros must be invested in an approved investment program for at least 3 years.
Does Ireland Give Permanent Residency?
Getting Irish permanent residency depends on individual circumstances. Generally, you should have lived and worked in Ireland for at least 5 years with a valid working permit. In that case, you are most likely qualified to apply for the Irish permanent residency.
Is it Difficult to Get PR in Ireland?
It is easy to get PR in Ireland. Non-Eu and Non-EEA citizens must have resided in the country for 5 years with employability and authorization with stamps 1 and 4 on their passport. They must have lived in the country on a student visa and have a valid residence permit.
How Many Years Is Residency in Ireland?
Generally, you are eligible for residency after living in the country for 5 years on an authorized working permit. You may also qualify for residency if you are a dependent or spouse of an Irish permanent residency holder.
Does a Child Born in Ireland Get Citizenship?
Before 1 January 2005, every child born in Ireland became an automatic citizen. Hence, most Irish citizens became citizens by birth. Following the Irish constitutional amendment after that, Irish citizenship by birth is no longer automatic.
Can I Bring My Parents to Ireland Permanently?
Your parent may need a visa if they reside outside Ireland. To be eligible for permanent residency, they must be your biological parents (evident on your birth certificate) and be responsible for your upbringing.
Does Ireland give citizenship to foreigners?
You may be eligible for Irish citizenship if your parents or grandparents were Irish citizens, even if you were born outside of Ireland. Naturalization is one way you can take as a foreigner to become an Irish citizen.