Thousands of migrants around the world choose Ireland as an ideal place to live. And it is not surprising, as the country is known for its picturesque countryside, clean environment and high standard of living. Learn more about the possible ways to obtain Irish citizenship in 2024

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Ireland is one of the most fabulous places in the world. The Emerald Isle is attractive not only for a tourist visit but also for permanent residence. The local government allows foreigners to obtain Irish citizenship in several ways. The article below describes how to move to Ireland for permanent residence and how to obtain citizenship. 

Start-up Entrepreneur Program

The Start-up Entrepreneur Program (STEP) in Ireland is designed for entrepreneurs who want to start an innovative company and obtain residency status. The program is not suitable for those planning a business in the retail, catering or personal services sectors. Ireland attracts businessmen with a low corporate tax rate of 12.5%, with the possibility of reducing it to 0% for some companies.

Participants can apply online at any time of the year. To participate, you need to propose an innovative project with high potential. The applicant must have at least €50,000 to invest in the business, and for two or more participants - €30,000 each. Confirmation of the legality of the source of funds is also required. 

If the startup is approved by the Evaluation Committee, the applicant and his/her family receive a residence permit (residence permit) in Ireland for 2 years. Family members have the right to study and work. After two years, the permit may be extended subject to certain requirements. A new permit is issued for 3 years.

After five years of permanent residence, the applicant and his/her family may apply for Irish citizenship through naturalization. Irish citizens are also citizens of the European Union, which allows them to move freely within the EU without visas. Irish law allows for dual citizenship.

Immigration to Ireland for investors

Since 2012, the Irish Immigrant Investor Program (IIP) has been operating, offering flexible conditions and four investment options. To obtain an investor visa, you need to become a participant in one of the programs that gives the investor and his or her family the right to reside in Ireland. If the investor does not plan to live in Ireland permanently, he or she must come to the country at least once a year to renew the residence permit.

Investment options under the Irish immigration program include:

1. Business investment of €1 million. Investments in the development of one or more Irish enterprises. It can be a startup created by the investor or an existing business registered in Ireland. The minimum investment holding period is three years.

2. Investment fund of €1 million. Investments in an approved investment fund for a period of at least three years. Such funds must be approved and regulated by the Central Bank.

3. Investments in a real estate investment trust (REIT) 2 million €. Investments in any Irish real estate fund (Real Estate Investment Trusts - REIT) listed on the Irish Stock Exchange. The holding period is three years.

4. Donations of €500,000. A charitable donation to a socially significant public project aimed at developing the arts, sports, health, culture or education in Ireland.

This program provides investors with a variety of opportunities to contribute to the Irish economy and obtain a favorable residency status.