Ireland & India: More similar than you would think!
Ireland has a lot more to offer than just Guinness and a near-unmatched literary heritage. The island nation boasts of the world’s seventh-most powerful passport, one of the finest education systems in the world, a high standard of living, and a low corporate tax rate.
Surprisingly, the nation also has a lot in common with India, beyond just a shared colonial past. For instance, India boasts of the youngest population in the world, while Ireland is home to Europe’s youngest population. Similarly, Ireland is the fastest-growing economy in the Eurozone, while India holds the global title. All this is in addition to the shared cultural appreciation for the arts, cricket and, of course, chai and biscuits. Despite this, the country’s investment immigration potential has remained largely untapped, with fewer than 1000 visas issued annually since 2012.
Investors that want to leverage this opportunity can invest EUR 1,000,000 in a government-approved project, or the same amount in any Irish enterprise for a period longer than three years. Investments in Real Estate Investment Trusts (REITs), meanwhile, must be at least EUR 2,000,000. Investors also have the option of making a one-off non-refundable endowment to a public project that benefits the arts, sports, health or education, in exchange for residency in Ireland. And if all that wasn’t enough, the right to residence is granted at a lightning pace of less than six months, and investors are only mandated to spend one day within the territory each year.Still not convinced? Irish Prime Minister Leo Varadkar, son of a Mumbai doctor who immigrated to Ireland, just highlights the opportunity that awaits anyone who choses Ireland for their family and future. Nysa Global’s Senior Advisor for Ireland, Linda Sweeney joked, “You’re already running the country, so you might as well come on over!”