In order to be approved, the IIP requires a minimum investment of €1 million that must be committed for a minimum of three years and made in the name of the individual seeking residence.
Applicants are expected to show a robust business plan and proven net worth of at least €2 million per investor. The investment has to be good for Ireland and Irish employment, as well as be in the public interest. Invested funds must be legally acquired, cannot be borrowed and need to be owned by you.
Your application must then be passed by an independent committee, which will examine your application on its unique merits.
If your IIP application is approved, you and your family will be able to enter Ireland on multi-entry investment immigration visas (or a ‘Golden Visa’). You will also have permission to remain in the country for an initial period of two years. This can be renewed for a further three years, subject to meeting certain criteria. The scheme does not offer permanent residence.