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 Europe - Ireland

Ireland, officially The Republic of Ireland, is an island to the north-west of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth. To its east is the larger island of Great Britain separated by the Irish Sea.

The Republic of Ireland covers almost five-sixths of the island with the remainder in the north-east of the island being Northern Ireland which is a part of the United Kingdom. The Atlantic Ocean is to the west, the Celtic Sea is to the south and the Irish Sea is to the east

The island’s geography comprises relatively low-lying mountains surrounding a central plain, with several navigable rivers extending inland. The island has lush vegetation, a product of its mild but changeable oceanic climate, which avoids extremes in temperature.

The climate of Ireland is defined as a temperate oceanic can be summed up as being mild, moist and changeable with abundant rainfall and a lack of temperature extremes and is similar to most of northwest Europe. The country receives generally warm summers and mild winters, and is considerably warmer than other areas on its latitude due to the fact it lies in the Atlantic Ocean and as a result is warmed by the North Atlantic Current all year.

The capital is Dublin, the official language is Irish Gaelic (although only 30% of the population speak it) and the currency is the euro

 Ireland

In the summer of 2012, the Republic of Ireland made changes to their Immigration Law to allow non-EU country residents to receive a Residence Permit for up to 5 years in exchange for investments into the Republic of Ireland economy.

There are 4 types of investments

  1. Make a one-time gift or charitable donation of a minimum of €500,000 Euros to a public project benefiting the arts, sports, health or education.
  2. Make a minimum €2,000,000 Euros investment in a low interest immigrant investor bond. The investment is to be held for a minimum of five years. The bond will not be tradeable.
  3. Invest a minimum of €1,000,000 in venture capital funding into an Irish business for a minimum of three years.
  4. Make a minimum €1,000,000 mixed investment in 50% property and 50% in Government securities. Special consideration might be given to those purchasing distressed property that is owned by National Asset Management Agency and in such cases a single €1m investment in property might be sufficient.

Investments in property to be rented out will not be accepted. Investors must either live in the property or invest in real estate that will clearly benefit Ireland.

The Residence Permit is granted for an initial two year period and can be renewed for a further 3 years provided that all terms of the investment have been maintained. Thereafter, renewal of the Permit is in 5-yearly periods.

Residence Permits are also granted to Spouses and dependent children (under18 yrs of age) and allow permit holders to work but does not allow freedom to travel within the Shengen area. The Residence Permits also do not give the resident benefits such as free health-care and education or other social benefits and so the investor and his or her family must have health insurance and be able to show sufficient financial resources to support themselves.

 

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