How Irish Residency Works
Enjoy the Benefits of an Irish Residency Permit with a 1-Day Stay
Did you know that, to maintain a residence permit in Ireland, it is enough to stay there for only 1 day a year?
Ireland is an island in north-western Europe that was split in two in 1920. Most of the island went to Ireland (Republic of Ireland), and the remainder is Northern Ireland, which is part of the United Kingdom.
Once you obtain an Irish residence permit, you need only remain in the country for 1 day a year to keep it. However, if you remain in Ireland for 183 days of the year, you’ll be counted as a tax resident, meaning you have to pay tax in the country.
The Republic of Ireland is a country with a long history within the EU, which can become your second home. For non-EU citizens, it grants them standard EU residence rules, such as access to the Schengen travel area.
The Real Estate Investment program offers several investment options at once - from €500,000 to €2,000,000. Each provides a residence permit in Ireland for 2 years, which can be further extended for another 3 years. Although the program is designed to obtain a residence permit, subject to certain conditions, after 5 years, you can apply for permanent residence or citizenship of Ireland.
Living in Ireland
Some interesting facts:
- More than 40 million people of Irish descent live in the United States. This is 8 times the population of Ireland itself. Ireland has a population of 4.83 million.
- Ireland is home to the ancient temple of New Grange, which is older than the Great Pyramids and Stonehenge (almost 5000 years).
- There are only 18 letters in the Irish alphabet. It is one of the Celtic languages; today only 5% of the Irish use it in daily communication. The main language is English.
Obtaining Irish residency isn’t difficult, making it an attractive offer for many. If you have any questions, particularly about the investment schemes, contact us for more information.
New UK Entry Rules for EU Citizens
Starting on the 4th October 2021, there are new rules for European citizens entering the UK.
The new rules state that EU citizens can no longer enter the UK without a valid passport from their country of origin. Previously, as part of the Schengen Visa area, EU nationals could travel without their passport.
Now, only permanent residents in the UK, and those who applied for settled status before the June 30th deadline, can enter the UK with national ID cards issued by the EU, EEA, and Switzerland.
Westminster announced the rules after leaving the EU, but they have only now officially come into force. It was done to reduce the instances of people entering the country using fake documents.
Overall, it shouldn’t make a massive difference to travel rules; just be sure to bring your passport!