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euros per year. However, a person considered an EU
student can attend the same university for around 10,000
euros per year.
THE IMPLICATION OF BREXIT
With Brexit has come a renewed appreciation among Irish
citizens of the benefits enjoyed by being part, not only of
the EU/EEA, but also of the Common Travel Area between
Ireland and the U.K. Ireland’s Immigrant Investor Program
offers a variety of means where people with significant
personal wealth can secure permission to reside in Ireland.
The Endowment option offers a number of advantages to
people considering the IIP. It is in the first instance easier to
manage and therefore potentially quicker and cheaper. The
need for commercial law advice and assessment of risks
associated with the other investment options simply does
not arise for endowments. The Irish authorities describe the
endowment stream as ‘the most straight forward option’ to
secure residence under the IIP.
And while actual residence in Ireland is optional under the
IIP, for people who do commit to a life in Ireland for at least
five years, the IIP can be the first step towards securing an
Irish passport and with it the privilege to live and work and do
business in Ireland, the U.K. and the EU/EEA.
AOIFE GILLESPIE
Aoife Gillespie is a consultant at Philip Lee, an Irish commercial
law firm with offices in London, Brussels and San Franciso.
Gillespie leads the firm’s immigration practice with extensive
experience advising on the Irish Immigrant Investor Program
(IIP). Gillespie has worked with investors and charities regarding
endowment options under the IIP, assisting investors to identify
projects and providing advice on endowment business plans.
Gillespie also provides guidance to new clients who wish to
explore endowment options in Ireland and introduces clients to
a variety of projects suitable to the program.
SAMANTHA ARNOLD
Samantha Arnold is an immigration legal executive at Philip Lee,
an Irish commercial law firm that provides support to clients in a
wide range of corporate immigration matters including the Irish
Immigrant Investor Program. Arnold currently also serves as an
adjunct assistant professor at Trinity College Dublin, School of
Law. Prior to joining Philip Lee, Arnold held academic, consulting
and non-governmental roles, researching and reporting on
domestic immigration matters. Arnold has a doctorate degree
from Trinity College Dublin.