Ireland Archives - Eterna Canada https://eternainternational.com/ca/category/ireland/ Global Immigration Consultancy Wed, 02 Aug 2023 03:31:15 +0000 en hourly 1 https://wordpress.org/?v=6.6.4 https://eternainternational.com/ca/wp-content/uploads/2022/07/cropped-eterna-favicon-1-32x32.png Ireland Archives - Eterna Canada https://eternainternational.com/ca/category/ireland/ 32 32 7 Advantages to the Ireland Stamp 4 Holder through the Ireland Investor Immigrant Programme https://eternainternational.com/ca/advantages-ireland-stamp-4-ireland-investor-immigrant-programme/ Wed, 02 Aug 2023 03:31:15 +0000 https://eternainternational.com/ca/?p=8606 The Ireland Stamp 4 visa is a highly sought-after visa type that allows non-EEA (European Economic Area) nationals to live and work in Ireland without the need for a work permit. Meanwhile, the Stamp 4 holder can get some advantage not only in Ireland but also in the European Economic Area (EEA). 1. No Need […]

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The Ireland Stamp 4 visa is a highly sought-after visa type that allows non-EEA (European Economic Area) nationals to live and work in Ireland without the need for a work permit. Meanwhile, the Stamp 4 holder can get some advantage not only in Ireland but also in the European Economic Area (EEA).

7 Advantages to the Ireland Stamp 4 Holder through the Ireland Investor Immigrant Programme

1. No Need for a Work Permit

The most significant advantage of the Stamp 4 visa is that it allows the holder to work freely in Ireland without the need for an employment permit. This benefit opens up a wide range of employment opportunities, as individuals are not restricted to jobs that meet the criteria for employment permits. It also offers a more straightforward process for employers, as they do not need to apply for a work permit on the individual’s behalf.

 

2. Unlimited Renewals

The Stamp 4 visa can be renewed indefinitely, as long as the individual continues to meet the 1-day residency requires Pre-Year to remain on the visa. This provides a significant advantage for those wishing to make Ireland their permanent home, as it offers a level of stability and security not always available with other visa types.

 

3. Family Reunification

Another advantage of the Stamp 4 visa is that it allows for family reunification. This means that individuals can apply for their spouse, partner, or dependent children to join them in Ireland. This is a significant benefit for individuals looking to make Ireland their long-term home, as it allows them to bring their loved ones with them.

 

4. Pathway to Citizenship

Holders of the Stamp 4 visa can count their time spent in Ireland towards the naturalization requirement for Irish citizenship. This makes the Stamp 4 visa a potential pathway toward becoming an Irish citizen, which comes with additional rights and benefits, such as the right to vote in all elections and referendums.

 

5. Access to Social Services

Stamp 4 visa holders are eligible for the same social services as Irish citizens, including health care, education, and social welfare benefits. This is a significant advantage, as it provides a safety net and support for individuals and families living in Ireland.

 

6. Travel within the EEA

Having a Stamp 4 visa can make travel within the EEA easier than it would be for many other non-EEA nationals. This is because Ireland is part of the European Union (EU), which has travel agreements with other EEA countries. Therefore, for short-term visits, tourists, or business trips, you usually won’t need a separate visa to visit other EEA countries.

  • Tourism: You can travel to other EEA countries for tourism purposes. This typically covers stays of up to 90 days within 180 days.
  • Business Trips: If you’re traveling for business purposes, such as attending meetings, conferences, or training, you’re generally allowed to do so without a work permit for short periods.

Always check with the embassy or consulate of the EEA country you plan to visit to ensure you have the correct documentation and meet their entry requirements. Laws and regulations can change, and each country may have different rules or exceptions.

 

7. Study within the EEA 

Before you complete the residency requirement applies for an Ireland passport. Some EU countries may categorize applicants as EU students if:

  • They have resided within the European Union for a certain period before applying for the study program of their choice.
  • They hold a permanent residence permit (like Stamp 4) in any state of the European Union.
  • They hold the status of refugee in any state of the European Union.

As a Stamp 4 holder, if you have doubts about your eligibility as an EU student, it’s advisable to consult your higher education institution. Generally, EU students benefit from reduced tuition fees compared to non-EU students and have a broader selection of scholarships and grants to aid their studies. Keep in mind that application deadlines for higher education can differ based on the applicant’s status as an EU or non-EU student.

EU students generally pay lower tuition fees compared to international students across European countries, with many offerings free or highly subsidized tuition for EU students. International students can expect to pay anywhere from around €4,000 to over €20,000 per year depending on the country and program.

 

Here is a comparison and summary of the average tuition fees for EU students and international students in some European countries:

Ireland: 

– EU students: Free for bachelor’s

– Non-EU students: From €9,750 (~US$11,400) per year

Austria: 

– EU students: Free

– International students: €726.72 (~US$850) per semester

Belgium:   

– EU students: Around €906 (~US$1,060) per year

– Non-EU students: €4,175+ (~US$4,900+) per year

Denmark: 

– EU students: Free

– Non-EU students: €6,000-16,000 (~US$7,020-18,730) per year

Finland:  

– EU/EEA students: Free

– Non-EU/EEA students: €4,000-18,000 (~US$4,700-21,070) per year

France: 

– EU/EEA students: €170-380 per year

– Non-EU/EEA students: €2,770-3,770 (~US$3,100-4,240) per year

Germany: 

– EU students: Free for bachelor’s and PhD

– Non-EU students: €3,000 (~US$3,500) per year for bachelor’s, €20,000 (US$23,400) per year for master’s

Italy: 

– EU students: €950-4,000 (~US$920-1,100) per year

– Non-EU students: Slightly higher than EU students

 

The Ireland Stamp 4 visa offers a host of advantages making it a highly attractive option for individuals looking to live and work in Ireland long-term. For this reason, more and more immigrants try to obtain their Stamp 4 Visa and future Ireland citizenship through the Ireland investor immigrant programme(IIP). Despite the closure of the program, applications already submitted are still being processed, and the application amount for the IIP in 2023, is even more than the total amount for the entire of 2022.

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The Coveted Irish Passport: Accessible Through the Ireland Immigrant Investor Programme https://eternainternational.com/ca/the-coveted-irish-passport-accessible-through-the-ireland-immigrant-investor-programme/ Wed, 26 Jul 2023 09:49:08 +0000 https://eternainternational.com/ca/?p=8547 The Irish passport grants its holders immense privileges and is considered one of the most valuable travel documents globally. Recent data shows Irish passport holders enjoy visa-free access to 188 destinations worldwide. Ireland’s Immigrant Investor Programme (IIP) provides high-net-worth individuals and families an avenue to acquire Irish and EU citizenship. Despite the IIP closing for […]

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The Irish passport grants its holders immense privileges and is considered one of the most valuable travel documents globally. Recent data shows Irish passport holders enjoy visa-free access to 188 destinations worldwide.

Ireland’s Immigrant Investor Programme (IIP) provides high-net-worth individuals and families an avenue to acquire Irish and EU citizenship. Despite the IIP closing for new applicants in 2022, interest remains strong with over 1,400 submissions in the first half of 2023. Applicants still in the pipeline are motivated by the prospect of attaining the coveted Irish passport.

The Coveted Irish Passport: Accessible Through the Ireland Immigrant Investor Programme

The IIP offers a clear pathway to securing EU rights and freedom of movement. Irish citizens can freely live, work, study, and do business across the EU’s 27 member countries. As an EU citizen, Irish passport holders can take advantage of employment opportunities, pursue university degrees, or retire in any EU country without requiring visas or work permits. This EU access and establishment is a major incentive driving enduring demand for the IIP. Irish citizens also retain special privileges to reside and work in the UK under the Common Travel Area despite Brexit. This further expands their options within Europe.

Beyond the EU, Irish citizens enjoy visa-free entry to major economies like the United States, Canada, Australia, New Zealand, Japan, Singapore, South Korea, and Hong Kong. They can readily explore or conduct business in these key destinations. The Irish passport also provides easy access to promising emerging markets in Latin America, Africa, and Asia. Destinations like Brazil, South Africa, Kenya, Mexico, and Argentina are visa-free.

In total, Irish citizens can freely travel to over 75% of the world’s countries spanning 6 continents. This global mobility aids business expansion, overseas education, luxury tourism, and visiting family/friends abroad.

There are also indirect travel benefits to holding an Irish passport. Ireland itself boasts world-class tourism offerings ranging from vibrant cities like Dublin to scenic coastal drives and castles.

Ireland has a top-ranked education system, a booming economy, and high living standards. For investors gaining Irish citizenship through the IIP, residing in Ireland delivers an excellent quality of life. Irish citizens can also freely return to their country of origin while retaining their EU rights.

For global investors, the Irish passport attained through the IIP enables unmatched mobility. It opens doors to immense opportunities for travel, work, education, business, and investment across multiple continents. The Irish passport’s powerful visa-free reach and EU rights make completing the IIP well worth the effort for those still eligible.

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1-Day Residency Requires Pre-Year, 5 Attractive Reasons to Choose Ireland’s Immigrant Investor Programme(IIP) https://eternainternational.com/ca/1-day-residency-requires-attractive-reasons-iip-irelands-immigrant-investor-programme/ Tue, 18 Jul 2023 10:45:09 +0000 https://eternainternational.com/ca/?p=8474 Ireland’s Immigrant Investor Programme (IIP) offers several compelling benefits for high-net-worth individuals and families seeking residency or citizenship options in Europe. Despite the closure of the program, applications already submitted are still being processed. Recent data shows the application amount for the IIP till June of 2023, is even more than the total applicant amount for […]

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Ireland’s Immigrant Investor Programme (IIP) offers several compelling benefits for high-net-worth individuals and families seeking residency or citizenship options in Europe. Despite the closure of the program, applications already submitted are still being processed. Recent data shows the application amount for the IIP till June of 2023, is even more than the total applicant amount for the entire of 2022.

 5 Attractive Reasons to Choose Ireland's Immigrant Investor Programme (IIP)

Let’s explore 5 major advantages of the IIP:

Flexible Residency Requirements

The IIP has highly flexible residency requirements compared to other countries. Investors only need to be physically present in Ireland for 1 day per calendar year to maintain residency status. This minimum requirement provides ample flexibility for investors to continue conducting business, managing investments, and spending time with family globally while retaining Irish residency.

Recent data shows that in 2022, Ireland received 1316 IIP applications, with Chinese nationals making up the majority. The high application rate despite COVID-19 travel restrictions demonstrates that investors strongly value the programme’s flexible residency terms. With easy-to-meet requirements, investors can focus on their global business and interests while keeping their Irish residency status.

 

Clear Pathway to Citizenship

A vital feature of the IIP is the clear pathway it offers investors to attain full Irish and European Union citizenship. After maintaining the programme’s residency conditions for 5 years, investors become eligible to apply for Irish citizenship.

 

Citizenship grants extensive rights across the EU, including the freedom to live, work, study, and conduct business across all 27 member states. It also gives the right to vote in Ireland and EU elections. For investors seeking long-term settlement and integration in Europe, the IIP’s pathway to an EU passport is a major incentive.

 

Furthermore, Irish citizenship provides visa-free travel and work without permits in the UK, offering greater flexibility, opportunity, and ease of travel. The Common Travel Area Treaty (CTA) between the UK and Ireland continues to be an important foundation of their relationship. Irish citizens can live, work, and study in the UK without visas or permits, and are entitled to use the National Health Service (NHS) and access social benefits. The CTA also allows for mutual recognition of qualifications, and Irish citizens can vote in certain UK elections.

 

Global Mobility and Visa Access

As an approved residents of Ireland, IIP investors enjoy expansive global mobility and visa-free access to key business and leisure destinations.

IIP participants can freely travel across all EU member states for tourism, business, healthcare, education, and other purposes. They also gain visa-free entry to major global economies including the UK, US, Canada, Australia, New Zealand, Japan, Singapore, and more. In total, IIP residents can access 173 countries worldwide without requiring a visa in advance.

This level of global access rivals top citizenship and residency by investment programmes worldwide. It allows investors to manage their international business activities and personal interests seamlessly.

High-Quality Education System

Gaining Irish residency also opens the doors for investors’ families to access Ireland’s world-class education system. Ireland is home to globally ranked universities including Trinity College Dublin, University College Dublin, and the National University of Ireland.

Ireland offers excellent international school options. Ireland has over 30 private international schools teaching various global curriculums. This provides flexibility for families to choose schooling options suiting their needs. Educational continuity for children is a major factor investors consider in seeking long-term residency abroad.

Ireland has become a premier destination for higher education is the alignment of courses with career opportunities, resulting in a low unemployment rate of less than 5%. With its quality of education, affordability, and robust employment opportunities, it is no wonder that Ireland has become a top choice for international students looking to pursue higher education.

 

Strong Investment Options

The IIP offers investors several approved investment options including Enterprise Investment, Investment Funds, REIT Investment, and Endowment Donations. The required minimum investment is €1 million, providing solid investment choices.

The Enterprise Investment option allows investment into Irish businesses across sectors like pharmaceuticals, medical devices, IT, and financial services. The Investment Fund option offers a more passive approach to investing in regulated funds focused on Irish assets and industries.

Considering the Investment Fund option, social housing and primary care centers are typically good investment projects because they are essential services that have a stable demand. Social housing and primary care centers are considered good investment projects because they address the basic needs of the population.

 

Eterna International’s commitment to assisting clients with alternative project options, we are actively promoting the GCI ICAV fund, an innovative fund designed to raise capital from investor immigrant programme (IIP) applicants to finance the construction of new social housing in Ireland. The GCI ICAV fund is an excellent opportunity for foreign investors looking to obtain Irish residency while supporting a worthy cause.

Ireland’s Immigrant Investor Programme provides a complete and flexible package and a clear path to EU citizenship. With multiple investment choices, the programme remains an attractive option for high-net-worth individuals and families considering European residency and citizenship.

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Ireland Investor Immigrant Programme: A Golden Opportunity Amid a Robust Economy https://eternainternational.com/ca/ireland-investor-immigrant-programme-a-golden-opportunity-amid-a-robust-economy/ Mon, 10 Jul 2023 10:20:49 +0000 https://eternainternational.com/ca/?p=8401 As the Republic of Ireland’s domestic economy is forecasted to remain “robust” in the coming years, now is an excellent time for investors to consider the Ireland Investor Immigrant Programme (IIP). The Economic and Social Research Institute (ESRI) predicts that modified domestic demand will grow by 3.5% this year and 4% next year, indicating a healthy and expanding economy. […]

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As the Republic of Ireland’s domestic economy is forecasted to remain “robust” in the coming years, now is an excellent time for investors to consider the Ireland Investor Immigrant Programme (IIP). The Economic and Social Research Institute (ESRI) predicts that modified domestic demand will grow by 3.5% this year and 4% next year, indicating a healthy and expanding economy.

Despite risks such as “stubbornly high” core inflation and signs of weakening export performance, the Irish government is striking a balance in its budget between spending its large surplus without stoking inflation. ESRI projects a surplus of €9.8 billion this year and €15.5 billion next year, as the government reaps a corporation tax windfall.

The coalition government has committed to setting up a sovereign wealth fund to invest much of this windfall, with the expectation of personal tax cuts in the budget. The Irish Fiscal Advisory Council advises the government to adhere to its self-imposed spending rules to “avoid overheating the economy or increasing reliance on unreliable tax receipts.”

Ireland’s Minister for Justice, Helen McEntee, recently announced that her department had received 1,492 applications for the IIP so far in 2023, up from 1,316 applications for the entire 12 months of 2022. Despite the closure of the program, applications already submitted are still being processed. International investors still have a chance to join the Irish strong market with IIP. The applicants may need a more professional team to navigate the IIP application process, such as working with Eterna International with years of experience in the IIP.

The IIP offers foreign investors a unique opportunity to obtain Irish residency by investing in the country’s economy. The program provides several investment options, such as enterprise investment, investment funds, real estate investment trusts, or endowment contributions.

By participating in the IIP, investors can benefit from Ireland’s robust economy, contributing to its continued growth and development. The country’s attractive business environment, skilled workforce, and strong export sectors make it an ideal destination for entrepreneurs and investors alike.

The Ireland Investor Immigrant Programme presents an excellent opportunity for investors to establish a foothold in a thriving economy and enjoy the benefits of Irish residency (Stamp 4). With the Irish economy projected to remain strong and the IIP application numbers on the rise now is the perfect time for interested investors to explore this promising opportunity.

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Ireland’s Melting Pot: Analyzing the 2022 Census and the Rise of Immigration in the Emerald Isle https://eternainternational.com/ca/irelands-2022-census-rise-of-immigration/ Fri, 07 Jul 2023 08:19:23 +0000 https://eternainternational.com/ca/?p=8385 Lately, the Irish Central Statistics Office (CSO) released the Ireland Census of Population 2022. This report produces detailed insight into the socio-demographic characteristics of the population of Ireland. The report on Ireland’s Census of Population 2022 highlights that demonstrate Ireland is a popular immigration destination. There are some key factors indicate that Ireland has become a […]

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Lately, the Irish Central Statistics Office (CSO) released the Ireland Census of Population 2022. This report produces detailed insight into the socio-demographic characteristics of the population of Ireland.

The report on Ireland’s Census of Population 2022 highlights that demonstrate Ireland is a popular immigration destination. There are some key factors indicate that Ireland has become a popular immigration destination, attracting people of diverse nationalities, ethnic backgrounds, and languages:

1. Increase in non-Irish citizens:

In 2022, non-Irish citizens accounted for 12% of the population, showing an increase in the number of immigrants living in Ireland.

The biggest non-Irish groups were Polish and UK citizens, followed by Indian, Romanian, and Lithuanian citizens. Other significant non-Irish groups include Brazilian, Italian, Latvian, and Spanish citizens.

2. Growth in dual Irish citizenship:

There was a 63% increase in dual Irish citizenship from 2016, with the largest groups being Irish-UK, Irish American, Irish-Polish, and Irish-Australian citizens.

3. Increase in foreign-born residents:

20% of the population usually lived in Ireland but were born elsewhere, representing 1,017,437 people. This is an increase of 207,031 from 2016, with the largest increases from India, Brazil, and Romania.

4. Recent immigration:

In the year preceding the census, 89,512 people moved to Ireland, with 22,137 being Irish citizens and 66,020 being non-Irish citizens. The largest group of non-Irish citizens moving to Ireland came from India, followed by Brazil. The number of people identifying as Chinese increased to 26,828 and it quickly increased.

Between 2012 and 2022, 401,433 people arrived to live in Ireland, with 62% arriving between 2017 and 2022. Arrivals from the UK and other European countries also increased during this period.

The 2022 census showed a diverse ethnic background, with 77% identifying as White Irish, and new groups such as Indian/Pakistani/Bangladeshi, Arab, and Roma being added.

5. Language diversity:

In 2022, 751,507 people spoke a language other than English or Irish at home, an increase of 23% from 2016. Polish remained the most commonly spoken foreign language.

Of the people who spoke a foreign language at home, 57% indicated that they spoke English very well, and 26% spoke English well. High percentages of English proficiency were recorded among citizens from various countries, including India, Poland, Malta, Denmark, and South Africa.

6. Investor Immigrant Programme (IIP) 

Helen McEntee, Ireland’s Minister for Justice, announced that they received 1,492 applications for the IIP in 2023, an increase from 1,316 applications in 2022.

Highlighted in the Ireland Census of Population 2022, the popularity of the Investor Immigrant Programme (IIP) further demonstrates Ireland’s attractiveness as an immigration destination. Although the program has been closed, applications previously submitted are still being processed. The rise in applications illustrates the growing interest of immigrants in settling and investing in Ireland.

Chinese nationals accounted for the majority of successful applicants, representing 1,677 out of 1,788 approved applications since the program’s inception in 2012. With an approval rate of over 94%, the IIP has been instrumental in attracting foreign investment to Ireland. The closure of the program may lead the government to consider alternative methods to maintain Ireland’s appeal to international investors.

Combining the findings from both the census and the IIP new data, it is evident that Ireland has become a new destination for immigrants all over the world. Moreover, the country continues to benefit from foreign investment through programs like the IIP, which further boosts its appeal to immigrants worldwide.

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What are the Requirements for Stamp 4 Holders to Apply for Irish Citizenship? https://eternainternational.com/ca/requirements-for-stamp-4-holders-to-apply-for-irish-citizenship/ Wed, 05 Jul 2023 10:57:54 +0000 https://eternainternational.com/ca/?p=8372 Ireland Investor Immigrant Programme sees huge increased applications, the amount so far in 2023 is more than the amount for the entire 12 months of 2022. Despite the closure of the program, applications already submitted are still being processed. As the applicants of the IIP, you and your family can get Stamp 4 visas after completing […]

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Ireland Investor Immigrant Programme sees huge increased applications, the amount so far in 2023 is more than the amount for the entire 12 months of 2022. Despite the closure of the program, applications already submitted are still being processed. As the applicants of the IIP, you and your family can get Stamp 4 visas after completing the applications. For many Stamp 4 holders in Ireland, the prospect of obtaining Irish citizenship is an attractive goal.

For Stamp 4 holders to apply for Irish citizenship through naturalization, they must meet specific residency requirements:

1. Continuous Residence:

Applicants must demonstrate continuous residence in Ireland for the 12 months immediately preceding their application. Continuous residence refers to spending a minimum of 183 days (approximately 6 months) in the country during that time. Meanwhile, if you spend 183 days or more in Ireland in a year, you’ll be regarded as a Tax resident in Ireland, which is important proof to apply for Irish citizenship.

2.  Aggregate Residence:

In addition to the continuous residency requirement, applicants must also fulfill an aggregate residency obligation. The applicants must have spent 5 of the past 9 years in residence in Ireland. This stipulates that they must have resided in Ireland for a total of four years during the eight years preceding their application. This amounts to a total of five years of residence (including the continuous residence requirement), which can be calculated as 1,460 days spent in Ireland.

In summary, the applicants need to achieve:

  • 365 days immediately before the date that the applicants apply (or 366 days if it includes29 February)
  • Plus 1460 days in the 8 years before the period above (plus 1 day for years that include 29 February)

*Non-EU/EEA and non-Swiss nationals should use the naturalization residency calculator. On the calculator enter the dates for each of the periods of permissions granted.

3. Absences:

While meeting the residency requirements, applicants should be aware of the allowable absences from Ireland. They are permitted to spend a maximum of six weeks (42 days) outside the country per year during the five-year qualifying period.

Exceptions may be considered for employment or humanitarian reasons, but these must be well-documented and explained in the application. If the applicants spend more than 6 weeks outside of Ireland in the year immediately before their application, they may have to wait until the following year to make an application.

4.  Proof of Residence:

To substantiate their residency claims, applicants must provide sufficient evidence. This may include documentation such as utility bills, bank statements, or letters from employers or educational institutions, which demonstrate the applicant’s presence in Ireland throughout the qualifying period.

5.  Immigration Status:

At the time of application, Stamp 4 holders must have legal permission to reside in Ireland. They must provide evidence of their immigration status, such as a valid Irish Residence Permit (IRP) or a Garda National Immigration Bureau (GNIB) card.

6.  Fees and Processing: The applicants must use the most up-to-date versions of the application forms on the Immigration Service Delivery website and prepare for both the application and certification fee in advance. Application fee: A fee of €175 applies for each application. There are no exceptions and fees will not be waived. Fees cannot be refunded, even if the application is refused.  Certification fee: If the application is approved, the applicant must pay a certification fee to receive your Certificate of Naturalisation:

  • €950 – Adult
  • €200 – Minor
  • €200 – Widow, Widower, or Surviving Civil Partner of an Irish citizen
  • €0 – Recognised refugee or stateless person. Fees must be paid by all applicants (except as shown). There are no exceptions and fees cannot be waived or refunded. Currently, the application takes 19 months approximately for a straightforward application to be processed from the date it is received to the date a decision is made. However, processing times can vary depending on the circumstances. During the progress, if any documents are missing, the applicant may be given up to 28 days to provide them. If the applicant fails to do so, the application may be deemed ineligible or refused.

In the end, after you become an Irish citizen, the applicant can apply for a passport, which is one of the most powerful passports in the world, via the Department of Foreign Affairs.

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New Data Release! Ireland Investor Immigrant Programme Sees Increased Applications in 2023 https://eternainternational.com/ca/ireland-investor-immigrant-programme-increased-applications-2023/ Fri, 30 Jun 2023 09:51:37 +0000 https://eternainternational.com/ca/?p=8328 Ireland’s Minister for Justice, Helen McEntee, recently announced that her department had received 1,492 applications for the Investor Immigrant Programme (IIP) so far in 2023, up from 1,316 applications for the entire 12 months of 2022. Despite the closure of the program, applications already submitted are still being processed. The department has provided data on the IIP […]

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Ireland’s Minister for Justice, Helen McEntee, recently announced that her department had received 1,492 applications for the Investor Immigrant Programme (IIP) so far in 2023, up from 1,316 applications for the entire 12 months of 2022.

 Ireland Investor Immigrant Programme Sees Increased Applications in 2023
Ireland’s Minister for Justice, Helen McEntee. (Source: Facebook@Helen McEntee)

Despite the closure of the program, applications already submitted are still being processed. The department has provided data on the IIP applications over the past years, including updates on the number of applications received, approvals, and investments made through the program.

A key point from the announcement is the increase in the number of applications, with 1,492 received in 2023 compared to 1,316 in 2022. Chinese nationals make up the majority of successful applicants, accounting for 1,677 out of 1,788 approved applications since the program’s inception in 2012. This translates to an approval rate of over 94%.

The investments approved under the IIP amount to €1.293 billion since 2012, with an average investment of €723,154 per application. Minister McEntee confirmed that the majority of investments, €765.2 million, were in the Enterprise category, followed by €229 million in Investment Fund, €233.7 million in Endowment, €53.95 million in Bond & Mixed Investment, and €12 million in REITs.

The slowdown in Approval Rates and the Dominance of Chinese Nationals 

The slowdown in approval rates for the IIP (Investor Immigrant Programme), despite the increased number of applications, may indicate more rigorous scrutiny or stricter evaluation processes for the program. Consequently, applicants may need a more professional team to navigate the IIP application process, such as working with Eterna International with years of experience in the IIP.

The dominance of Chinese nationals among successful applicants underscores the attractiveness of the program for investors from China, possibly due to similarities between Ireland’s IIP and China’s investor immigration schemes. This means applicants need a more professional team to face the IIP application.  

 

Ongoing Review of the IIP and Implications for Future Investment Immigration Programs 

It is crucial to keep an eye on the ongoing review of the IIP, conducted by EY, and its potential implications for future investment immigration programs in Ireland. The IIP has played a significant role in attracting foreign investment to the country, and its closure may prompt the government to explore alternative ways to maintain Ireland’s appeal to international investors. The forthcoming publication of EY’s review by the Department of Justice will likely provide further insights into the future of investment immigration in Ireland.

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What Are the Benefits of Obtaining an Irish Stamp 4 Holder? https://eternainternational.com/ca/what-are-the-benefits-of-obtaining-an-irish-stamp-4-holder/ https://eternainternational.com/ca/what-are-the-benefits-of-obtaining-an-irish-stamp-4-holder/#respond Mon, 19 Jun 2023 08:09:58 +0000 https://eternainternational.com/ca/?p=7584 The Irish Immigrant Investor Programme (IIP) is a special category of immigration that is aimed at attracting high-net-worth individuals and investors to Ireland. An Irish Stamp 4 holder can get a range of benefits, including: Social Benefits for Children: Ireland’s social security system includes child benefits to help families take care of their children. Irish […]

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The Irish Immigrant Investor Programme (IIP) is a special category of immigration that is aimed at attracting high-net-worth individuals and investors to Ireland. An Irish Stamp 4 holder can get a range of benefits, including:

What Are the Benefits of Obtaining an Irish Stamp 4 Holder?

Social Benefits for Children:

Ireland’s social security system includes child benefits to help families take care of their children. Irish permanent residence holders are entitled to child benefits, which include child allowance, crèche allowance, and school meal allowance.

 

  1. Child Benefit: Child Benefit is a monthly payment of €140 to support parents and guardians. It is paid for each child who:
  • normally lives with you and is fully supported by you.
  • is under 16, or under 18 if in full-time education, full-time training, or has a disability and cannot support themselves.

The Irish Government Child Benefit to eligible families to help them cover their children’s daily expenses. The amount of the child benefit depends on the age of the child and family income. Each child will be provided 140 euros per month until the child reaches the age of 18. Child Benefit is not paid on behalf of children 18 or older, even if they stay in education or training.

 

  1. Back-to-School Clothing and Footwear Allowance:

This is an annual payment made to eligible families to help with the cost of school clothing and footwear for children. The payment is means-tested and is available to families who receive certain social welfare payments or who have a low income. There are two rates of payment. They are age-related.

The allowance paid for each eligible child aged 4-11 is €160. The allowance paid for each eligible child aged 12-22 is €285.00. Children aged between 18 and 22 years must be returning to full-time Second Level education in a recognized school or college.

 

  1. The School Meals Programme

The Irish Government provides a school meal allowance to eligible families to help them pay for their children’s meals. The School Meals Programme provides funding for the provision of food services for eligible school children. The amount of the school meal allowance depends on factors such as family income, and the amount of the weekly allowance is about 40 euros per child.

 

  1. Family Income Supplement:

This is a weekly payment made to families who are working and who have low incomes. It gives extra financial support to families with children with rates depending on their incomes and family size. The payment is means-tested and is available to families with at least one child under the age of 18.

 

  1. Free Preschool Year:

All children in Ireland are entitled to one free preschool year, which is available from the age of 3 until they start primary school. The preschool year is provided through a range of community-based and private preschool services.

The State pays a capitation fee directly to participating playschools and day-care services. In return, they provide a pre-school service free of charge to all children within the qualifying age range for a set number of hours over a set period of weeks.

Ireland’s social security system also includes several other child-related benefits, such as free medical care for children under the age of 6, regardless of whether their parents have a GP health card or not. Public school students aged 6-12 receive free school healthcare services, dental treatment, and vaccination services, as well as an allowance for disabled children and single-parent families. These benefits are designed to help families take care of their children and reduce their burden.

Maternity benefits

In Ireland, there are several maternity benefits available to support women who are pregnant and who are taking time off work to have a baby. These benefits include:

 

  1. Maternity Benefit:

Maternity Benefit is a payment made to women who are pregnant and who are taking time off work to have a baby. The payment is means-tested and is available to women who have paid enough social insurance contributions. The payment is €250 a week for 26 weeks, or 156 days, beginning from the date the baby is due.

 

  1. Maternity Leave:

Maternity Leave is a period off work that women are entitled to take when they have a baby. In Ireland, women are entitled to take 26 weeks of Maternity Leave, which can be extended by a further 16 weeks of unpaid Maternity Leave.

 

  1. Maternity Protection:

Maternity Protection is a set of employment rights that are designed to protect the health and safety of pregnant women and new mothers in the workplace. These rights include the right to time off for antenatal care, the right to a safe working environment, and the right to return to work after Maternity Leave.

 

  1. Parental Leave:

Parental Leave is a period off work that parents are entitled to take to care for their children. In Ireland, parents are entitled to take 26 weeks of Parental Leave, which can be taken up until the child’s 12th birthday.

These benefits are designed to support women who are pregnant and new mothers, to ensure that they have access to time off work, financial support, and employment rights.

Medical Benefits

Ireland’s Medical Card Scheme provides cardholders with free healthcare services. There are also several medical benefits available to residents in Ireland, including:

 

  1. Medical Card:

The Medical Card provides access to free healthcare services, including doctor visits, prescription medications, and hospital care. The card is means-tested and is available to those who meet certain income requirements.

 

  1. GP (General Practitioners) Visit Card:

The GP Visit Card provides access to free doctor visits for those who do not qualify for a Medical Card but who have a low income. The card covers visits to a general practitioner (GP) and certain other healthcare services.

 

  1. Prescription Charges:

Prescription medications are provided free of charge to those with a Medical Card or GP Visit Card. For those who do not have a medical card, a prescription charge of €2 per item applies, up to a maximum of €20 per month.

 

  1. Maternity and Infant Care Scheme:

The Maternity and Infant Care Scheme provides free maternity and infant healthcare services to all expectant mothers and children up to the age of 6 years. The scheme includes a series of free antenatal visits, postnatal visits, and developmental checks for children.

 

  1. National Cancer Screening Programmes:

The National Cancer Screening Programmes provide free screening for certain types of cancer, including breast, cervical, and bowel cancer. The programmes are designed to detect cancer early when it is more treatable.

 

  1. Emergency Medical Services:

Emergency medical services, including ambulance and paramedic services, are provided free of charge to all residents in Ireland.

 

Ireland’s medical are designed to ensure that all residents have access to basic healthcare services, regardless of their income or ability to pay.

Elder Benefits

The Guardian reported Ireland as one of the most suitable countries for the elderly in the world. Additionally, Ireland has ranked 4th in the 2021 Global Retirement Index (GRI) released by the world’s authoritative top financial institution Natixis.

Ireland’s social security system includes old-age benefits designed to help seniors access basic living support.

 

  1. State Pension:

The State Pension is a regular payment made to those who have reached retirement age and who have paid enough social insurance contributions. The pension is means-tested and is available to those who meet certain income requirements.

The amount of pension depends on factors such as the individual’s social security record and social insurance contributions, with a maximum pension of 248.30 euros per week.

 

  1. Fuel Allowance:

Fuel Allowance is a payment made to those who are receiving certain social welfare payments and who need help with their heating bills during the winter months. The payment is means-tested and is made for a period of 28 weeks.

 

  1. Free Travel:

Free Travel is a scheme that provides free travel on public transport, including buses, trains, and trams, to those who are receiving certain social welfare payments and who are over the age of 66.

 

  1. Household Benefits Package:

The Household Benefits Package provides financial assistance to older adults to help with the cost of electricity, gas, and telephone bills. The package is available to those who are receiving certain social welfare payments and who are over the age of 66.

 

  1. Home Care Packages:

Home Care Packages provide home care services, including personal care, household help, and respite care, to those who need assistance with daily activities. The packages are means-tested and are available to those who meet certain income requirements.

 

  1. Nursing Home Support Scheme:

The Nursing Home Support Scheme provides financial assistance to those who need long-term nursing home care. The scheme is means-tested and is available to those who meet certain income and asset requirements.

 

Ireland’s elder benefits support older adults in Ireland and ensure that they have access to necessities, healthcare services, and financial assistance when needed.

In conclusion, obtaining Ireland Stamp 4 through the Ireland Immigrant Investor Programme offers a range of benefits, not only for the investor themselves but also for their families, including children and the elderly. Ireland offers a comprehensive range of social benefits, including medical benefits, maternity benefits, and benefits for older adults, such as State Pension, Fuel Allowance, and Home Care Packages.

These benefits are designed to support families and individuals in need and to ensure that everyone has access to basic necessities, healthcare services, and financial assistance when required. By obtaining Ireland Stamp 4 through the Immigrant Investor Programme, families can benefit from fast-track immigration, access to the European Union, business opportunities, education, and healthcare services, and eligibility for Irish citizenship, in addition to the social benefits available. Therefore, the Ireland Immigrant Investor Programme is an excellent opportunity for high-net-worth individuals to invest in Ireland and build a successful and fulfilling life for themselves and their families.

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5 Reasons Why Ireland Attracts Big Companies Like Google and Apple https://eternainternational.com/ca/why-ireland-attract-big-companies-to-move/ Tue, 23 May 2023 11:10:50 +0000 https://eternainternational.com/ca/?p=7244 Many international businesses have chosen to move their headquarters to Ireland in recent years. As a result, the country has become an attractive destination for foreign investors and entrepreneurs. These large well-known companies have already moved their operations to Ireland, including Google, Facebook, Amazon, Apple, and Microsoft. The country has become a hub for multinational […]

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Many international businesses have chosen to move their headquarters to Ireland in recent years. As a result, the country has become an attractive destination for foreign investors and entrepreneurs.

These large well-known companies have already moved their operations to Ireland, including Google, Facebook, Amazon, Apple, and Microsoft. The country has become a hub for multinational conglomerates, with many Fortune 500 companies having a presence in Ireland.

Why Ireland Attract Big Companies?

So, why is Ireland to be such an attractive destination for businesses? Here are some of the benefits that Ireland offers:

Low Corporate Tax Rates In Ireland

Ireland has a corporate tax rate of 12.5%, which is much lower than other European countries. This has made it an attractive destination for businesses looking to reduce their tax liabilities.

Highly Skilled Workforce

Ireland has a highly educated and skilled workforce, which is essential for businesses operating in a knowledge-based economy.

Supportive Business Environment

The Irish government has worked hard to create a supportive business environment, including a range of tax incentives and grants to help businesses get established in the country.

Access to the EU Market

Ireland has been an EU member since 1973 and has received significant financial benefits from being a part of the EU market which gives businesses access to a market of over 500 million consumers.

Attractive Immigration Policies

The Irish Immigrant Investor Programme allows high-net-worth individuals to gain residency in Ireland by investing in Irish businesses. Additionally, the country has a range of work permits and visas that make it easy for businesses to attract and retain skilled workers from around the world.

These factors have combined to make Ireland an attractive destination for international businesses. A recent survey by Ernst & Young showed that Ireland was the most attractive country in Europe for foreign direct investment.

In conclusion, Ireland is a great destination for businesses looking to expand internationally. From its low corporate tax rates to its highly skilled workforce and supportive business environment, Ireland offers a range of benefits that make it an excellent choice for businesses looking to set up operations overseas.

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3 Reasons Why Ireland Attracts Investor Immigrants https://eternainternational.com/ca/why-ireland-attracts-investor-immigrants/ Fri, 19 May 2023 06:09:12 +0000 https://eternainternational.com/ca/?p=7192 Ireland’s economy has been performing remarkably well during the global Covid crisis. While most other countries have been struggling with economic downturns, Ireland has managed to maintain its steady growth. There are several reasons for this, which make Ireland an attractive destination for investors and immigrants alike. Ireland’s economic focus is on innovation and technology […]

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Ireland’s economy has been performing remarkably well during the global Covid crisis. While most other countries have been struggling with economic downturns, Ireland has managed to maintain its steady growth. There are several reasons for this, which make Ireland an attractive destination for investors and immigrants alike.

Why Ireland Attracts Investor Immigrants?

Ireland’s economic focus is on innovation and technology

One of the first factors leading to Ireland’s economic success is its strong focus on innovation and technology. The country’s education system is highly ranked, and it has a bustling tech sector with many startups and well-established companies such as Google, Facebook, and Microsoft setting up operations in the country. Additionally, Ireland is an excellent place to do business, and it has a stable political and legal system.

Ireland’s strong trading relationships

Another key factor contributing to Ireland’s relative success during the pandemic is its strong trading relationships with other countries. As an EU member, Ireland has access to a large trading bloc, which has helped to mitigate the impacts of the Covid crisis. Meanwhile, the government has been adept at negotiating free trade agreements, particularly with the UK, which is Ireland’s largest trading partner.

The Irish government supports economic growth

Furthermore, the Irish government has been proactive in implementing policies designed to support economic growth. One such initiative is the Ireland Immigrant Investor Programme. The programme allows non-EU nationals to obtain Irish residency in exchange for investing in Irish businesses or enterprise projects. This has attracted significant foreign investment, which has helped fuel economic growth and job creation.

The Ireland Immigrant Investor Programme is an excellent example of the Irish government’s commitment to promoting economic growth and creating a dynamic business environment. Anyone looking to start or expand their business in a country with a strong economy and supportive government should consider Ireland as their next destination.

Related Article: How to Access Ireland’s education? Is Ireland’s Education System Really Better Than the UK’s?

As a hub for higher education, Ireland’s education system has seen a significant surge in international students seeking quality education, competitive tuition fees, and robust employment opportunities.
Moreover, international students studying in Ireland can enjoy a more affordable cost of living, making it easier for them to manage their finances. With excellent universities, affordable tuition fees, and outstanding job prospects, it is no surprise that Ireland has become a top choice for international students looking to pursue higher education.

Additionally, the Irish Immigrant Investor Program (IIP) offers residency in Ireland to non-European Union nationals who invest in Irish businesses or enterprise funds, making it an excellent opportunity for international students to gain residency in the country and pursue career opportunities in the EU.

One of the significant advantages of studying in Ireland is the relatively lower cost of living compared to the UK. According to Numbeo, consumer prices in Ireland are about 7% lower than in the UK, while rent prices are approximately 24% lower. This translates to a more affordable cost of living for international students studying in Ireland, who can save money and manage their finances more effectively.

Related Article: Ireland’s Education | 5 Best Universities In Ireland

Ireland’s education system offers many benefits to international students, making it a premier destination for higher education. With its lower cost of living and diverse accommodation options, Ireland provides an affordable study-abroad experience.

Additionally, Irish universities have gained a solid reputation for providing a quality education that prepares students for successful careers. Ireland’s alignment of courses with career opportunities has resulted in a low unemployment rate, making it an ideal destination for students seeking robust employment opportunities.

The Irish Immigrant Investor Program provides a unique opportunity for international students to gain residency and pursue career opportunities in the EU. With its many advantages, it is clear that Ireland’s education system is a strong competitor to the UK’s, making it an excellent choice for international students looking to pursue higher education.

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