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International Investor Magazine Summer 2020

Page 37

IRELAND

CONCLUSION

The Irish Immigrant Investor programme

Golden visa programmes are a way for

was launched in 2012 and then revamped

countries to increase investment by

in 2013. The update allows applicants

granting residency to foreign investors.

f rom outside the EU to gain residency in

Whether they are used simply as a

Ireland with a ₏1 million investment in

way to invest and keep an eye on your

an Approved Investment Fund. Prospects

investment, a strategy for making travel

must be found of good character, have

easier or even as a means of gaining better

a clean criminal record, and they must

educational or professional options for

demonstrate a minimum net worth of

your kids, golden visas can provide a path

₏2 000 000.

to a better life.

OTHER COUNTRIES St. Kitts and Nevis have one of the oldest golden visa programmes in the world. It was created in 1984 to grant citizenship through donation or real estate investment to those applicants who qualify. The government requires an investment of $150 000 to the Sustainable Growth Fund or an investment of $400 000 in real estate. The real estate can be reduced to $200 000 for those investors with connections to the islands. These figures do not include any fees.

I N T ER N AT I ON AL I NVESTOR MAGAZ INE | 037


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