Professional Business Writer
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.
The Minister reserves the right to 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:
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.
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