Immigrant Investor Programme (IIP)

At a Glance

Item	Details
Visa name	Immigrant Investor Programme (IIP)
Stay	Stamp 4 residence permission
Cost	€1,500 non-refundable application fee
Eligibility timing	Not stated in the source
Work rights	Granted under Stamp 4 conditions
Study	Granted under Stamp 4 conditions
Medicare	Not stated in the source
Travel facility	Not stated in the source
Citizenship	Not stated in the source
Family sponsorship	Includes qualifying family members
Visa record	Stamp 4 permission
Net worth requirement	Minimum €2 million personal wealth
Minimum investment	€500,000 to €2 million depending on option

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Purpose and Overview

The Immigrant Investor Programme (IIP) provides a pathway for non-EEA nationals to acquire secure immigration permission in Ireland by making a long-term investment in an approved project.

Note: The programme is subject to closure notices and processing arrangements for applications on hand.

Investment Options

All investments must be maintained for a minimum of 3 years (where applicable) and funded from the applicant’s own resources:

• Enterprise Investment: Minimum €1 million in an Irish enterprise for at least 3 years.
• Investment Fund: Minimum €1 million in an approved investment fund regulated by the Central Bank for at least 3 years.
• Real Estate Investment Trusts (REIT): Minimum €2 million in any Irish REIT listed on the Irish Stock Exchange for at least 3 years.
• Endowment: Minimum €500,000 (or €400,000 per applicant where 5 or more applications are received) philanthropic donation to a public-benefit project in the arts, sports, health, culture, or education.

The Irish Government takes no responsibility for investment performance; investments remain a private commercial matter.

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Eligibility Criteria

To be eligible, an applicant must:

• Be a person of good character.
• Have no criminal convictions in any jurisdiction.
• Possess a minimum net worth of €2 million.
• Commit to one of the four approved investment categories using their own funds.
• Pass enhanced due diligence checks, including Anti-Money Laundering (AML), Know Your Client (KYC), Politically Exposed Persons (PEPs), and sanctions screenings.

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Important Rules & Funding Restrictions

• No Loaned Funds: Under no circumstances are loan facilities accepted as an eligible source of funding. Applications relying on loans will be refused.
• Source of Funds: Applicants must submit verified legal documentation establishing the legitimate source of all proposed funds.
• Data Sharing: Data is shared with the Revenue Commissioners under OECD Common Reporting Standards.
• No Lobbying: Canvassing or lobbying immediately disqualifies the applicant and the related project.

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Application Steps

1. Submit Email Application: Send complete documents to IIP&STEPapplications@justice.ie.
   • Completed application form.
   • Supporting evidence of net worth, source of wealth, and good character.
   • Business plan and executive summary for the chosen investment.
2. Pay Application Fee: Transfer the non-refundable €1,500 fee via electronic fund transfer (EFT):
   • Bank: Danske Bank (3 Harbourmaster Place, Dublin 1)
   • Account Name: Department of Justice to Department of Justice, Home Affairs and Migration
   • IBAN: IE75 DABA 9515 9900 0042 43
   • BIC/SWIFT: DABAIE2D

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Evaluation, Approval, and Conditions

• Assessment: An Independent Evaluation Committee convenes at least 4 times per year to review applications, due diligence findings, and investment proposals before making recommendations to the Minister for Justice.
• Pre-Approval: Successful candidates receive a pre-approval letter and are then invited to complete their designated investment.
• Permission Granted: Once the investment is confirmed, the investor and qualifying family members receive Irish residence permission under Stamp 4 conditions.
• Ongoing Obligations:
  • The investment must remain in place for the required duration.
  • The holder must not become a financial burden on the Irish State.
  • The holder must maintain a clean criminal record.
  • Failure to adhere to conditions may result in revocation of residency status.
• Refusals: Refusal decisions are issued in writing by the Minister for Justice. All decisions are final and not subject to review or appeal.

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Program Resources

• Guidelines for Applicants
• Guidelines for Funds
• Central Bank AML Guidelines
• Program Queries: investmentandstartup@justice.ie