What is the investment requirement for the Irish IDLF visa?GoldenVisasAdmin2020-04-06T08:44:47+00:00
As of March 2020, a minimum IDLF fund investment of €1 million is required for a period of 5 years in order to apply for Irish residency under the Irish Immigrant Investor Program.
How does Ireland’s IDLF workGoldenVisasAdmin2020-04-06T08:37:39+00:00
As a single example of how the fund works in practice, hotels enter a 5 year loan agreement with the fund, with the IDLF holding security over the hotel’s property asset until such time as the loan amount has been settled in full. At the end of this loan agreement, the hotel typically refinances at a (typically) higher rate with a traditional lender, and the IDLF loan amount is repaid with interest. In this way, the hotel can affordably fund expansions, thus creating more job opportunities and meeting the IIP’s objectives.
Who does the IDLF typically appeal toGoldenVisasAdmin2020-04-06T08:07:04+00:00
The IDLF typically appeals to foreign investors applying for the IIP who seek a low-risk, highly regulated and reputable investment option. The Fund is structured as a Qualifying Investor Alternative Investment Fund (QIAIF).
IDLF applicants are typically families, with the primary applicant being an accomplished business professional who travels internationally quite frequently, while their spouse resides in-country. Their children are typically of a school going age, however in most cases investors’ objectives include their children attending an Irish university or tertiary institution in future, given that Ireland’s higher and tertiary learning institutions rank among the best in the world.
These children will be eligible for an application for naturalization and citizenship, without any language requirement. In addition, they’ll have access to a booming commercial environment and technology sector, with over 1,300 of the world’s biggest multinational companies being headquartered in Ireland. Some of these companies include Facebook, Microsoft, Apple and LinkedIn, to name but a few.