Time To Citizenship
Costs of Ireland Permanent Residency
Investors looking to acquire Irish permanent residency have the following investment option:
1) EUR 1 million into a tourism fund.
Funds are deemed low-risk funds structured to provide funding to Government approved areas of interest. Such areas include tourism, social housing and healthcare sectors amongst others. Funds are regulated by the Central Bank of Ireland.
1) Tourism Fund
The Fund is a Central Bank of Ireland approved loan fund which provides lower cost, asset-secured financing to the Irish 4 and 5-star hotel sector. Loans are provided to suitable Irish hotels on more favourable terms compared with traditional banking institutions and are secured against the hotel property. The Investor must invest 1 million EUR for a five-year term to meet the requirements of the program.
Government fees and administration fees
In addition to the investment there are government to be paid:
The investment must be maintained for at least five years. After which, applicants may withdraw their funds and continue to receive permanent residency. Applicants must be of good character and have not been convicted of criminal offences in any jurisdiction. Applicants must show the source of their wealth and documentation which supports a net worth of 2 EUR million.
Savory & Partners professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.