Under Ireland Endowment investment option, the applicant is required to make an endowment of not less than €500,000 in a project of public benefit. The conditions applicable to this investment option are:
- The project must be related to arts, sports, health, culture, or education.
- The endowment should be a philanthropic contribution offering a clear benefit to the public.
- The investor should not receive any financial return from the endowment and should not enter into any arrangement for recovery of the principal amount.
- The endowment must be visible to the public and beneficial to the community as a holdup.
- The endowment should not displace or supplement short-term or long-term expenditures as prescribed by the Irish Legislature.
- Applicants can combine their endowments and contribute as a group of five or more investors. However, each investor must make a minimum contribution of not less than €400,000 to the project.
Ireland Immigration by Endowment Investment option is ideal for applicants seeking a simple and straightforward option. Once the endowment is made, the Immigrant Investor Program imposes no other financial requirements or obligations. Ireland Immigration by Endowment Investment option enables the applicant or investor to contribute to the public community at large.
Additional Documents for Ireland Endowment Investment Immigration
- Details of utilization of endowment funds by the beneficiary.
- Details of extent of public benefit provided by the endowment.
- The applicant can utilize the business plan template provided for Business/Enterprise Investors to provide the necessary information.
Please Click here to read about Common Documents.
Application Procedure for Ireland Immigration by Endowment Investment
- Submit the completed application form for the Ireland Immigrant Investor Program along with the details of the investment proposal and all supporting documents.
- The applicant should not proceed ahead with the investment without the approval of the investment proposal by the Evaluation Committee.
- The Committee is made up of senior officials of all relevant Government Departments and State Agencies. It meets four times in a year and assesses investment applications on the basis of the following factors:
- Applicant’s profile.
- Commercial feasibility of the investment.
- Creation of jobs by the proposed investment.
- Overall benefit to the state of Ireland.
- The Evaluation Committee shall recommend suitable applications for acceptance under the program to the Minister for Justice and Equality
- Upon approval of the application, the applicant is required to proceed ahead and execute the approved investments. Further, the applicant must obtain medical insurance covering all major medical expenses along with an affidavit of good character for self and all nominated family members above the age of 16 years.
- Upon finalization of the investment, the applicant and all nominated family members will be granted continuous residence permits under ‘Stamp 4’ conditions. Stamp 4 entitles the applicant and nominated family members to reside, study, work, or start a business in Ireland.
There are no minimum residence requirements related to the residence permit. The sole condition is that the applicant and all nominated family members must visit Ireland at least once in a calendar year.
On an average, approval of Immigrant Investor applications is granted in three to four months provided all necessary information and documents have been submitted by the applicant.
|Ireland Endowment Investment||€750|
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