UGLOBAL IMMIGRATION MAGAZINE
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charity confirming the financial value that has been donated
to them and evidence of transfer of funds. The donation only
takes place once the application and thereby the project is
approved, limiting any risk to the investor.
RESIDENCY
There is no obligation on investors or their family
members to reside in Ireland under the IIP. They must
simply visit Ireland at least once per year to retain their
residence permission. The permission is renewable at
year two, year five and every five years thereafter. When
renewing at year two, the investor must show that the
funds were used by the charity for the stated purpose.
Where funds were withdrawn, the immigration permission
will cease.
Investors may apply for Irish citizenship af ter five
years if they have been physically resident in Ireland in
accordance with citizenship rules. By doing so, they will
secure privileged access to both the EU/EEA and the U.K.
Children who attend primary or secondary school in
Ireland or persons generally who reside in Ireland or the
EU for a period of three out of the previous five years
are also eligible for EU-fees for third-level education or
university. This includes, for example, medical school.
Medical school in Ireland for persons considered non-EU
nationals for the purposes of fees can cost up to 55,000