Discount for Education Expenses
To encourage investors who wish to educate themselves or their family members in Irish higher education institutions, an investor may avail of a discount on their investment for any educational expenses that they intend to commit to in Ireland.
The following conditions apply:
Investors may discount their approved investment with eligible education expenses that they commit to incur within the first five years after their permission has been granted.
The education expenses must be for an Irish University or Institute of Technology.
The expenses must be for the investor and/or their family member who has been accepted on an academic programme in one of the above educational institutions.
The expenses must be indicated as part of the application process (see relevant section of the form)
The maximum discount allowable is €50,000.
Retrospective education expenses cannot be included.
Investors will need to include a letter from the college confirming that an offer of a place has been accepted by the investor or their family member.
The letter from college should also confirm the fees for each year of the programme.
Guidance on property investments under the Immigrant Investor Programme
The Evaluation Committee established under the Immigrant Investor Programme (IIP) will look at each investment proposal on its own merits.
However, based on the level of queries received, it may be helpful to give some guidance on how property based investments could potentially meet the requirements of the Programme, entirely without prejudice to the evaluation process.
A useful starting point in this respect is the underlying purpose of the Immigrant Investor Programme, which is the creation or maintenance of employment.
The IIP has been designed accordingly to facilitate productive investment into Ireland and to position Ireland as a “business friendly” country.
Sale of property or stimulation of the property market is not of itself an objective of the programme.
The investment should be aligned with the Government overarching policy initiatives as set out in Project Ireland 2040.
Particular preference is given at the moment to investments in social infrastructure such as social housing, primary healthcare centers and nursing homes.
Currently, the programme does not have an option for residential property purchase.
“Q1: How long does an application take?“
Applications take on average three to four months although they may take longer if the Evaluation Committee require more information from an applicant.
“Q2: What is the minimum time I must spend in Ireland to adhere to the rules of the programme?“
The applicant must spend a minimum of 1 day per calendar year in Ireland.
“Q3: What kind of personal net assets are acceptable for participating in the Irish Programme?“
Assets that have been acquired legally through legitimate business and commercial activity, inheritance, endowment and/or divorce. Applicants are required to demonstrate a minimum personal net worth of €2million.
“Q4: Are assets owned by my spouse acceptable as proof of €2 million net worth?“
No, assets solely owned by other individuals, including a spouse, will be not accepted as evidence of net worth.
“Q5: If I get married or have a child after receiving the residency, can I add them as my dependants?“
Yes the investor can add additional nuclear family members (spouse and dependent children under 24) to the permission. Documentary evidence of the marriage and/or birth will be required.
“Q6: What is the refund policy if my application is refused?“
There is no refund on application fees of €1,500.
“Q7: Can I work, study or travel in any other EU member state?”
Ireland can only issue permissions for residence in this State. You should check the residence requirements of other EU member states with the relevant immigration authority.
“Q8: Can I use the money gifted to me by a parent or other relative for an investment?“
Yes, provided it has been obtained legally and can be legally transferred and the applicant can demonstrate a net worth of at least €2m.
“Q9: Can I use retained earnings as investment or money coming from funds in a joint account?“
Yes, provided you have authority to transfer that money into the proposed investment.
“Q10: Where do I submit my completed application?“
(i) Applications, including a copy of the original application form and supporting documentation, must be submitted by email to firstname.lastname@example.org
(ii) The subject bar should clearly identify the name of the applicant and project name.
(iii) The original signed application form and proof that the application fee of €1,500 has been transferred to the Department’s account must be forwarded by post to: Investment and Start Up Entrepreneur Programmes, Irish Naturalisation and Immigration Service, 13- 14 Burgh Quay, Dublin 2, D02 XK70. Due to size limitations on the Department of Justice and Equality internet system, it may take several emails to send all the documentation to INIS. 19
“Q11: Do I need to liquidate my assets in my home country before moving to Ireland?”
No but you must be in a position to make the investment within 90 days of your pre-approval letter issuing.
“Q12: How many investor permissions are available for this program each year?“
Currently there is no limit on the number of permissions available.
“Q13: Do my school age children need to get a separate student permission?”
Currently there is no limit on the number of permissions available.
“Q14: Will my children be able to remain in school in Ireland if I leave Ireland?” Yes, provided your permission is still valid.[/su_quote]
“Q15: What age can my children still qualify under my residency (only up to age of 18?)“
Children under the age of 18 qualify under the IIP applicant’s residency. Children between 18 and 24 will be considered under the programme where they are not married or in a de facto relationship and are attending full time education in Ireland and are still financially dependent upon the investor.
“Q16: What type of businesses qualify for immigrant investments?”
Any Irish enterprise that is headquartered in Ireland, has the bulk of its operations located in Ireland, where at least 60% of its employees are based in Ireland and at least 60% of its cost base is located in Ireland may qualify for IIP.
“Q17: Are any countries excluded from eligibility for the IIP?”
There are no countries excluded from the IIP although international sanction agreements to which Ireland is party may apply to some nationalities.
“Q18: When do I, as an immigrant investor, commit my investment amount?”
Upon receipt of your pre-approval letter from the INIS.
“Q19: Are there any minimum net worth requirements for Immigrant Investor Programme?“
Yes a personal net worth of €2 million is required.