Notice - Application Windows for 2020

Published: 23 December 2019

Stakeholders should note that the publication of this provisional schedule is without prejudice to the finalisation of the External Review of the Immigrant Investor Programme which is scheduled to be completed in the first quarter of 2020. The Minister reserves the right to alter/amend the provisional schedule, and introduce revised Guidelines, in any manner deemed necessary to ensure the most effective, accountable and transparent operation of the Immigrant Investor Programme.
 

 

Immigrant Investor Programme (IIP)

The Immigrant Investor Programme (IIP) is open to non-EEA nationals who commit to an approved investment in Ireland. The Immigrant Investor Programme requires a minimum investment of €1m, from the applicants own resources and not financed through a loan or other such facility, which must be committed for a minimum of three years.

Investors should note that the Irish Government has no responsibility for the performance of an investment. Investments are a private matter between the parties concerned and it is the responsibility of the investor, as in any business decision, to assess the potential success of their venture. Approval of an application under the Immigrant Investor programme is not an endorsement of a particular project. What it means is that the investor has been approved and the investment is of a nature that meets the objectives of the Immigrant Investor Programme.

 

Submission of Applications

The Immigrant Investor Programme will open for applications in 2020 as follows:

  • 17 February 2020 - 21 February 2020
  • 20 April 2020 - 24 April 2020
  • 22 June 2020 - 26 June 2020
  • 31 August 2020 – 4 September 2020
  • 26 October 2020 – 30 October 2020

Applications will be accepted during these periods only.

Stakeholders should note that the publication of this provisional schedule is without prejudice to the finalisation of the External Review of the Immigrant Investor Programme which is scheduled to be completed in the first quarter of 2020. The Minister reserves the right to alter/amend the provisional schedule, and introduce revised Guidelines, in any manner deemed necessary to ensure the most effective, accountable and transparent operation of the Immigrant Investor Programme.

In the interim, applicants and sponsors should be aware that the Department of Justice and Equality is enhancing the due diligence processes including:

  • Anti-Money Laundering (AML)
  • Know Your Client (KYC)
  • Politically Exposed Persons (PEPs)
  • Sanction checks.

Additionally, we are engaging in data sharing with the Revenue Commissioners in accordance with the OECD common reporting standards (http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/).

 

Note for Information of Prospective Applicants to the Immigrant Investor Programme (IIP)

Immigration Service Delivery (ISD) wish to state that under no circumstances will a loan provided to the applicant for the purpose of making an IIP application be considered an appropriate source of funding. As part of the IIP application Process, ISD will undertake a comprehensive examination of the sources of proposed funding and will require significant supporting documentation attesting to the source of the funds and appropriate independent verification of said documentation from suitably qualified legal advisors in the relevant jurisdictions. If an applicant seeks to rely on loaned funds for the purposes of an IIP application, the application will be refused.

 

Contact

If you have any further queries contact us.

 

Related Links / Forms :

Immigrant Investor Programme - Guidelines for Applicants

Immigrant Investor Programme - Guidelines for Funds

Immigrant Investor Programme - Terms of Reference for External Review

Immigrant Investor Programme - Business Plan - Executive Summary

Immigrant Investor Programme - Business Plan - Sample Template

Immigrant Investor Programme - Application Form

Start-up Entrepreneur Programme - General Guidelines

Start-up Entrepreneur Programme - Application Form

 

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Page updated: 23 December 2019