There are three schemes overseen by the Department of Justice and Law Reform that match inward investment with the entitlement to live/ work in Ireland:
1) Immigrant Investor Programme
2) Start-up Entrepreneur Programme (“STEP”)
3) Business Permission
These schemes are overseen and managed directly by the Irish Naturalisation and Immigration Service.
Purpose of initiatives
The initiatives were established by the Irish Government in 2012 to stimulate
productive investment in Ireland and to offer residency in Ireland.
Overview of entitlements
Successful applicants, plus their immediate families, are granted residency for an initial period of between 12 months (business permission) and 2 years (Immigrant Investor/ STEP schemes).
The Immigrant Investor/ STEP schemes provides an option to renew residency for a further 3 years, i.e. 5 years residency in total. After the 5 year residency, an investor/entrepreneur may apply for long term residency.
For the purpose of these schemes, immediate family is defined as a qualifying person’s spouse/ civil partner/ partner and/or dependent children under 18.
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