Soon after Portugal announced the closure of their famous Golden Visa Program, Ireland has decided that they don't like the rich people either! Ireland is implementing some changes that may affect you, and today we are talking about all of those changes.
Ireland used to have its own Golden Visa, which was called Immigrant Investor Programme. There were 4 different investment options that gave you an opportunity to obtain a residency in Ireland.
In order to keep your temporary residency, you only had to spend one day in the country. Later on this residency would lead to permanent residency, which could later lead to citizenship. Ireland has one of the best passports on the planet!
On top of this, Ireland has Non-Dom Regime, which is a special regime that will allow you as a foreigner to not pay taxes on your foreign income.
Unfortunately, this residency program is not available anymore as Irish government decided to put an end to it.
It's not a secret that the European Union is against Citizenship and Residency by Investment Programs. They generally don't like immigration based on wealth and financial contributions to the country.
This is why they've been putting insane amount of pressure on countries that offer such regimes, such as Cyprus, Portugal, Malta, etc. Lots of options got shut down, and Malta remained the only real Citizenship by Investment Program in the whole EU.
There has been some talks about the European Union putting pressure on Caribbean CBI programs. After some time these programs may also become the thing of the past, therefore it is crucial to act as soon as possible.
Your path to second citizenship and residency may become unavailable if you don't get it now while you still can.
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We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
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Author: Michael Rosmer
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