Some documents are required for all investment choices along with some additional documents depending on the investor’s choice of investment option.
Below is the list of Ireland Immigrant Investor Program’s Common Documents
Irrespective of the choice of investment, the applicant must submit evidence of:
- Net Worth
- Funds for Investment
- Source of Funds
- Transferability of Funds
- Applicant’s Character
- Family Relationships
All individuals applying under Ireland’s Immigrant Investor Programme must show proof of having a minimum net worth of €2 million. The applicant must demonstrate having acquired the net worth through legal means.
The applicant must provide the following details:
- Details of the applicant’s income including details of the job profile, salary, and other income.
- Details of investments including nature of investments, date of acquisition, purchase price of real estate, and other investment incomes.
- Details of loans including bank loans along with repayment date, mortgage loans along with date of repayment, and information about other types of loans.
Applicant can demonstrate the legal source of his/her assets by providing details of:
- Bank accounts, term deposits, stocks, real estate holdings, stake in businesses, and securities like insurance, security deposits, and pension fund, and
- Short term and long term liabilities including accounts payable, taxes payable, bank loans, long term debt, and mortgages.
The investor immigrant must submit proof of existence of funds to be invested in Ireland, its source, and the applicant’s ability and right to transfer the funds into Ireland. The applicant must submit the following documents:
- In case of funds held in Ireland, a letter from a financial institution regulated by the Central Bank of Ireland.
- In case of fund held outside Ireland, original bank statements dated not earlier than one month from the date of the application indicating the funds available at the disposal of the applicant.
- If unable to submit statements, the applicant must provide letter from his or her bank indicating the total amount of funds at his or her disposal.
- If the evidence is considered unsatisfactory, then the investor should provide additional evidence regarding the source of the money.
The applicant is bound to provide proofs necessary to determine the source of the money irrespective of whether funds are held in a bank or institution regulated by the Central Bank of Ireland or held abroad when applying under the Immigrant Investor Program.
Applicant cannot use borrowed money for funding the investments. Applicants can use gifted money and assets provided the funds were obtained legally and can be legally transferred to Ireland. Applicants can use retained savings or funds in a joint account provided there is clear authority to use the funds and transfer the same into the investment.
The following sources are considered acceptable for applications made under the program.
- Business and investment activities: The applicant must submit financial statements prepared and signed according to the law indicating the amount of funding available at the disposal of the applicant for the Immigrant Investor Program.
- Deeds of sale: The applicant must submit original deeds of sale of the assets or property for funding the investment and copy of registration of sale.
- Inheritance: The applicant must submit notarized copy of will conferring benefit on the applicant containing all relevant details. If inheritance involves assets and not money, then estimated value of the inherited assets cannot be submitted as evidence of ownership of funds for the investment.
- Divorce settlement: The applicant must submit notarized copy of the financial agreement that is part of the divorce settlement. If agreement involves assets only, then estimated value of the inherited assets cannot be submitted as evidence of ownership of funds for the investment.
In all the above-mentioned instances, the applicant must submit a confirmation letter from a legal adviser entitled to practice in the country in which the transaction related to source of funds is being executed. The letter must include name and registration details of the advisor, all necessary and relevant information, and confirmation that the transaction underlying the source of funds was done in accordance with the law.
The applicant must submit proof that he/she can convert the fund into Euros and transfer the same to Ireland by obtaining a letter issued from his or her bank confirming the amount of money that the applicant can transfer upon approval of application.
Evidence of character is required for the applicant and all family members aged above 16 years in the form of a statement of character issued by police authorities of every country where the applicant and/or the family members have resided for a period in excess of six months during the period of ten years prior to the Investment Immigration application.
Applicants are encouraged to submit due diligence reports from obtained from reputed international screening agencies, if available.
Approved applicant and adult family members of such applicant must further submit affidavit confirming their good character and absence of criminal convictions. The applicant must confirm the good character of family members aged less than 16 years.
Residency permits will not be issued to approved applicants pending submission of the affidavit. The affidavit must be produced by a registered practitioner permitted to practice law in Ireland. A false affidavit will result in cancellation of residency permit granted to the applicant.
- Proof of marriage or civil partnership of the applicant with his/her spouse/partner.
- Birth certificate of each children included in the application form.
- Proof of parentage or legal documentation confirming the applicant’s right of custody or guardianship over the children.
For Additional Documents please check each investment choice individually here.Contact us to receive more information about this article.
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