Uglobal Immigration Magazine Volume 2, Issue 1 | Page 65

UGLOBAL.COM • Enterprise investment of 1 million euros for a minimum 3 years. • Minimum investment of 1 million euros in an approved investment fund for a minimum 3 years. • Minimum investment of 2 million euros in any Irish Real Estate Investment Fund. • Minimum once-off endowment (charitable donation) of 500,000 euros or 400,000 euros per investor if part of a group of five or more investors. When an IIP application is successful, the investor and his immediate family members (spouse/partner and children up to 18 or 24 if still dependent) are granted permission to reside in Ireland with freedom to work, study, set up a business or be self-employed. CHARITABLE DONATIONS UNDER THE IIP One of the most straight-forward and often overlooked options to secure IIP residency in Ireland, is the endowment option. Even though not suitable for all potential IIP applicants, the endowment option will be attractive to investors with a genuine interest in philanthropy or considering options to satisfy their own corporate social responsibility (CSR) as well as those who are risk-adverse and looking for an alternative to the commercial investment options generally relied on for immigrant investments. 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 63