Third country nationals wishing to obtain Irish residency through investment have the option to make one of the 4 kinds of eligible investments:
1. An investment of no less than €1 million into an approved investment fund for a period of 3 years or more. This option has proven quite popular, as it can deliver a return on investment. The Irish Diaspora Loan Fund (IDLF), for example, is a government approved investment instrument authorised by the Irish Central Bank and by the Department of Justice for the purpose of the Immigrant Investor Programme.
2. An endowment of no less than €500,000 into a public-benefit project in the fields of arts, sport, culture, education or health. If you invest with 5 or more other applicants, the individual investment requirement is reduced to €400,000 per applicant.
3. An investment of €1 million or more, either in a single Irish business, or across a number of enterprises, for a period of no less than 3 years.
4. An investment of €2 million or more into an Irish Real Estate Investment Trust (REIT) that is listed on the Irish Stock Exchange for a period of 3 years or longer.
About the IDLF
The Irish Diaspora Loan Fund fund was established to stimulate job creation in the Hotel sector by providing loans to established hotels with a proven track record. Maximum protection of investor capital is a key priority for the fund.
The fund follows a low-risk, conservative investment policy, and issues innovative Finance to a portfolio of Irish hotels. Hotels enter a 5-year loan agreement, with the IDLF holding security over the property until the loan amount has been settled. At the end of the term, the hotel typically refinances with a traditional lender, and repays the IDLF loan with interest.
The objective of IDLF loans is to help the hotels scale thus creating employment. The investment is asset backed and provides a very low risk offering for investors who wish to avail of the Irish Immigrant Investor Visa Programme.
