Retiring in Ireland By Investment in 2021 | Ultimate Guide

Considering retiring in Ireland from abroad in 2020? The Irish Diaspora Loan fund offers non-EEA retirees with sufficient means the ability to retire in Ireland on the basis of an eligible passive business investment of €1 million for a minimum period of 5 years. Find out more about the benefits of this Irish Investor Visa Program and the Irish Diaspora Loan Fund (IDLF) below, or contact us now for a free consultation.

Why retire in Ireland by investment?

As a retirement destination, Ireland has a lot to offer the foreign retiree – the country is renowned for its strategic location, economic stability, quality of life and its booming tech scene. However, these benefits certainly do not come cheap: In terms of its cost of living, Ireland rank as the second most expensive country in Western Europe, and it is more expensive than 94% of all the countries in the world.

While Dublin, in particular, tends to be on the pricier end, the cost of living in smaller cities and the Irish countryside tends to be significantly lower.

Having said that, the country is increasingly becoming more attractive to affluent individuals from countries like Hong Kong and the USA, who are seeking to retire in a stable European country with more stable politics and high standards of living. Given that 1 in 10 Americans identify as being Irish, the trend of Americans wishing to immigrate to Ireland makes a lot of sense.

An Irish Retirement Visa Program..?

While the county does not offer an Irish retirement visa as such, wealthy retirees or financially independent individuals with sufficient financial means can apply for Irish immigration permission (leave to remain) under the Stamp 0 Visa category program.

In order to qualify, you’ll have to demonstrate a stable annual income of €50,000 or more per year as an individual, and €100,000 per year as a married couple. In addition, you’ll need to have access to a substantial lump sum savings amount to cover any unforeseen expenses. This lump sum should also be sufficient to cover the cost of a home in Ireland.

The Stamp 0 Visa is annually renewable, and is a risky proposition inasmuch as the qualifying criteria could change at any time, even if you have already settled in Ireland. Furthermore, you will also not be allowed to seek gainful employment or legally work in Ireland on this basis.

It is for this reason that the Irish Immigrant Investor Program via the Irish Diaspora Loan Fund (IDLF) could be an excellent alternative. Find out more about the Irish Investor Visa and the IDLF below…

The Irish Investor Visa Program at a glance

Formally known as the Ireland Immigrant Investor Program, or the IIIP for short, this Irish Investor Visa Program offers residency on the basis of a significant investment in a manner quite similar to many other international residency by investment and Golden Visa type programs. The Irish program, however, does not currently offer a property investment option.

Established in 2012, the Irish IIP seeks to encourage foreign direct investment and stimulate job creating within Ireland. To date, the majority of Irish Investor Visa applicants have opted to make significant equity investments in new or existing Irish enterprises.

While the Irish investor Program doesn’t offer a direct route to permanent settlement, the Stamp 4 Visa can be renewed indefinitely, even after the initial investment period has passed and their capital has been returned – provided the visa holder remains financially stable and in good international standing.

As an added benefit, applicants only need to spend 1 day per year in-country to keep their visa renewable, making the program an excellent Plan B option for investors who aren’t ready to relocate to Ireland just yet.

For those willing to relocate to or retire in Ireland on a permanent basis, however, a Stamp 4 Visa obtained via the Irish Immigrant Investor Program can lead to Irish citizenship through regular naturalization. In order to become eligible to apply for Irish citizenship, applicants must have maintained permanent in-country residency for a period of 5 years or longer.

The program offers approximately 5 intake windows per year (outside of COVID), and the application process typically takes around 6 months to complete.

IIIP investment options 2021

As of October 2020, the following investment options can serve as the basis upon which Irish residency can be obtained via the Irish Immigrant Investor Program:

  1. €1 million investment in approved fund investments, including the IDLF, typically for 5 years.

  2. €1 million qualifying enterprise investment for 3 years or longer

  3. €2 million investment in a Real Estate Investment Trusts (REIT) for 3 years or more

  4. €500,000 Endowments – Government approved projects (non-refundable donation).

    Note: Where 5 or more applicants donate together, the minimum requirement per primary applicant is reduced to only €400,000.

Why choose the Irish Diaspora Loan Fund (IDLF)

  1. A LOW RISK INVESTMENT: Unlike with Irish enterprise investments, the IDLF offers investors a low-risk option – your investment is guaranteed by the Irish Government, and your initial capital investment is returned after 5 years.

  1. PASSIVE INVESTMENT: IDLF investments are passive – there is no need for you to get actively involved in the deployment of your capital or the active management of the investment. 

  1. SIMPLE PROCESS: The IDLF offers a simple route to obtaining Irish residency, and there is no need for the cumbersome compilation of business plans and similar supporting documentation by the investor – let the IDLF team do all the heavy lifting for you. 

  1. FEE-FREE INVESTMENT: Unlike with many other European Golden Visa Programs, an IDLF investment is a net investment – your outlay is €1 million all-in.

  1. FAMILY ELIGIBILITY: Your spouse and dependent children can be included in your application without additional cost.

  1. A QUALITY RETIREMENT DESTINATION: Ireland is a beautiful country with gregarious, welcoming people. We invite you to come savour its culture during the best years of your life.


With you, every step of the way

Investor Visa Ireland offer you access to a team of  Irish investment immigration experts.

 We offer a dedicated concierge service for investors, should you and your family choose to relocate to Ireland, and can help you apply for an Irish Golden Visa residency via the IDLF with ease.

Our seasoned Irish immigration consultants can assist you in selecting schools and universities, identifying suitable business opportunities, and acquiring real estate.

Contact us now for a free needs assessment and start getting your family’s Irish Plan B in place today.