Country Spotlight: IRELAND

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QUICK FACTS

Capital city: Dublin
Population: 4,857,000 (April 2018)
GDP in Current prices: USD $376.10 billion (2018)
GDP real growth: 6.7% (2018) – Fastest growth in EU
Area: 70,273 km²

Government: Unitary parliamentary republic
President: Michael D. Higgins
Prime Minister: Leo Varadkar
Currency: Euro (€) (EUR)
HDI: 4th (2018)
Ease of doing business index: 23rd (2018/19)
Time Zones: GMT +0
Dialling code: 353

Ireland – sometimes referred to as The Republic of Ireland although that is not its official name – is located in northwest Europe. Technically it is an island, with the larger island of Great Britain to its east, separated by the Irish Sea, and the Atlantic Ocean stretching out for over 5,700 km to its west towards North America. The republic is an independent state that consists of 26 counties and covers approximately five-sixths of the island’s area. Its Irish name is Eire. It shares an open border with Northern Ireland, which consists of six counties and is a constituent part of the United Kingdom. It is this land border which is one of the key stumbling blocks to the negotiations between the UK and European Union over ‘Brexit’.

Investment options

  • Enterprise investment: A minimum investment of €1.0 million in an Irish enterprise for a minimum of 3 years.
  • Investment fund: A minimum investment of €1.0 million in an approved Investment Fund for a minimum of 3 years.
  • Real Estate Investment Fund (REIT): A minimum investment of €2 million in any Irish REIT that is listed on the Irish Stock Exchange. The €2 million investment may be spread across a number of different Irish REITs.
  • Endowments:  A minimum endowment of €500,000 in a project of public benefit in the arts, sports, health, cultural or educational field.

Application fee

You must pay the non-refundable application fee of €1,500 by Electronic Funds Transfer. Please ensure you write ‘IIP’ and your passport number in the ‘Reason for Payment’ and/or ‘Reference’ section. The Department’s bank account details are:

Evidence of Net Worth

All applicants for the Immigrant Investor Programme must clearly demonstrate that they have a legally acquired minimum net worth of €2 million.

Please email info@blsmedia.co.uk for further information.

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