The Republic of Ireland is the second-largest island in the British Isles located in Northwest Europe and third largest in Europe. It is separated from the United Kingdom by the North Channel to the east.
The IIP was introduced by the Irish Government in 2012 to encourage inward investment for the creation of business and employment opportunities in the State. The programme is designed to encourage investors and business professionals from outside the European Economic Area to avail of opportunities of investing and locating their business interests in Ireland and acquire a secure residency status in Ireland.
A minimum €500,000 (or €400,000 where 5 or more applications are received) philanthropic donation to a project which is of public benefit to the arts, sports, health, culture or education in Ireland, The assets jointly held by the couple amount to € 2 million.
You may apply to become an investor in the IIP if:
If you have been legally resident in Ireland for a period of at least five years (60 months). You can apply for a long-term residence permit. If your application is successful, you will be granted permission allowing you to work in Ireland for a further 5 years without needing another work permit.
To apply for citizenship by residency-based naturalization, you must prove that you have resided in the country for at least 5 years (1,825 or 1,826 days) of the last 9 years. This includes 1 year (365 or 366 days) of continuous residence immediately prior to the application date.
Long-term residency is granted for 5 years.