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Ireland, Brexit and Philanthropy: A Winning Combination through Ireland’s Immigrant Investor Programme


Friday, July 26, 2019

Uglobal Immigration Magazine features an article from Head of Immigration, Aoife Gillespie, and Immigration Legal Executive, Samantha Arnold, entitled: ‘Ireland, Brexit & Philanthropy: A Winning Combination through Ireland’s Immigrant Investor Programme’. The article highlights the benefits of philanthropic investment in Ireland. The article is in English and Mandarin.

One of the most straight-forward and often overlooked options to secure Immigrant Investor Programme (IIP) residency in Ireland, is the endowment option. Investors can make a charitable donation of €500k or €400k per investor if part of a group of 5 or more investors. Investments should be for capital projects and must yield real public benefits for Ireland in the areas of arts, sports, health, culture or education.

The overall benefits of the endowment option are:

  • funds are wholly philanthropic in nature,
  • the endowment provides the investor with the opportunity to engage with the local community in which they may decide to settle,
  • the cost of the IIP is limited to the cost of the donation and there is no risk of losing further funds, and
  • identifying suitable charities and business plans is more certain than other investment options and does not require additional corporate advice and due diligence assessments.

For more information on the benefits of the IIP for Ireland, see Aoife Gillespie’s recent article in the Sunday Business Post.

Once the application is approved and the donation made, investors can choose to reside in Ireland along with their families. If the investor decides to take up residency in Ireland they may, after a minimum five years, apply for citizenship by naturalisation. The linked article discusses the benefits of Irish citizenship for internationally mobile businesspersons and investors. Once granted, Irish citizenship opens doors to the European Union and the Common Travel Area (i.e. the United Kingdom). According to the Henley Index (2018), Ireland’s passport is ranked as the fifth most powerful in the world.

Philip Lee has experience working with investors and charities regarding endowment options under the IIP and can introduce potential investors to suitable charities.

We are happy to work directly with investors or with their professional advisors and/or agents.

For more information, please contact us to discuss your options.

The original article published in both English and Mandarin, can be viewed here.

 


Author

Aoife Gillespie

CONSULTANT


Samantha Arnold

IMMIGRATION LEGAL EXECUTIVE

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