Time To Citizenship
Costs of Ireland Permanent Residency
Ireland offers two investment options.
1) EUR 1 million into a tourism fund.
2) Financed option into an Investment fund plus associated administration fees.
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.
2) Investment Fund
The Investment fund is seen as a key project by the Irish government due to the significant shortfall of affordable housing for Irish citizens in urban areas. The fund offers both the regular EUR 1 million euro and a financed option that comes with associated administration costs.
Government fees and administration fees
In addition to the investment there are government and administration fees to be paid:
Administration Fees (Applies to Investment Fund only)
Government Fees (Applies to both funds)
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.