0:00 – Introduction
In this video, we will introduce the Ireland Immigration by Investment Program, also known as Start-up Entrepreneur Visa.
We will guide you through the main requirements, costs, steps and benefits of this immigration program.
At the end of this video, we will also answer the most frequently asked questions about the program.
0:25 – About the Ireland Immigration by Investment Program
The Ireland Immigration by Investment program allows experienced business people with an innovative business plan to obtain long-term residence in Ireland.
To be eligible, your business plan must be defined as a ‘High Potential Start-up’. To understand the requirements in more detail, please contact us on our website.
0:46 – Investment Options
To qualify for the Ireland Immigration by Investment program, you must introduce a new or innovative product or service, as well as have 50,000 euros in available funds for the business. This could be an entirely new business or an existing one which you plan to relocate to Ireland.
The funds must come from one, or a combination of the following sources: your own funds, a business loan, angel investors, venture capital funding or a grant from the Irish State Agency.
In addition to the minimum investment, there are government processing fees and professional fees that apply to your application.
To get the updated and detailed cost, you can book a free consultation with one of our expert consultants by applying on our website.
1:33 – The process of obtaining an Irish Residency by Investment
The process for acquiring an Irish Start-up Entrepreneur Visa is divided in 5 steps over a period of 6-8 months.
Step one, we will do an initial background check to make sure you are qualified to apply to the program. If you pass the qualification process, a down payment of our professional fees is required to start working on your application and move to the next step.
Step two, our team will assist you in collecting all documents required by the government, and at the same time, we will help you draft the business plan and complete the application form.
Step three, you will make an appointment to submit your application to an independent evaluation committee. The committee will review your proposal and if approved, they will recommend it to the government.
Step four, once approved by the government, you are granted permission to reside in the country. At this stage, the business funds need to be transferred to a business account in Ireland and you will be granted a residence permit, valid for 2 years.
Step five, to maintain your permit, you are required to establish the business as outlined in your application, work full time in this and no other business and create 10 job openings for Irish citizens or residents. You may renew and extend your residency for a further 3 years, after which it can be renewed in 5-year periods if the conditions are maintained.
2:56 – The benefits of an Irish Residency & Citizenship
By becoming an Irish resident, you and your family enjoy European Residency status for life. You will also have the same rights to education as the Irish citizens and access to a world-class healthcare system.
Ireland is a gateway to the EU and provides the opportunity to retain EU citizenship if an individual acquires an Irish passport. Ireland is also a common law jurisdiction, similar to the UK legal system.
Additionally, Ireland signed comprehensive tax treaties with 72 countries, including the US and all EU member states and has a low corporate tax rate of 12.5%.
3:38 – Frequently Asked Questions
1. Can I include my family?
Yes, you may include your spouse and children under 18 years old. They will be granted residence in Ireland for two years which will be renewable for a further three years. After 5 years of residence, participants under the program will be eligible for long term residence in the country.
2. What if I get rejected?
Savory and Partners will assess your eligibility before submitting your application. Anything that might cause issues in the process will be explained to you before any action is taken. Once your file is submitted, the Government will conduct their own assessment.
3. Can I live, work or study in other European Union countries?
No, you will not be able to live, work or study in any other European Union country until you obtain Irish citizenship.