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Opportunities in Ireland
Ireland Startup Entrepreneur Program Details
The Ireland Startup Entrepreneur Program offers a pathway for entrepreneurs to establish and settle in Ireland. With some of the lowest financial requirements, it stands out as an attractive option for entrepreneurial immigrants. The program benefits include:
- Low Investment Requirement: EUR 50,000.
- Family Settlement: Initial two-year residency, renewable for an additional three years
- Long-term Residency: Eligibility after five years
- Favorable Tax Rate: Low corporate tax rate of 12.5% for active businesses
- Flexible Job Creation Targets: No initial job creation target for the first two years
- No Business Management Experience Required
- Access to Healthcare and Education Benefits
- High Standard of Living
Settle in Ireland with Your Family as an Entrepreneur
Ireland is renowned for its strategic location and welcoming economy, making it an ideal destination for entrepreneurs. The Ireland Startup Entrepreneur Program invites non-EEA entrepreneurs to establish their businesses and settle permanently in Ireland. With dynamic opportunities and a high quality of life, Ireland is perfect for entrepreneurs seeking global mobility. Oxour provides dedicated, expert immigration support to help you take advantage of this opportunity.
Eligibility Requirements
To be eligible for the Ireland Startup Entrepreneur Program (STEP), you must:
- Be of good character.
- Have no criminal convictions.
- Possess the requisite €50,000 in funds.
- Have a unique business proposal.
- Route to Citizenship: Provides a pathway to German citizenship.
Immigrant Investor Program Ireland Process
- Find an Ireland Immigration Lawyer
- Evaluate Ireland's Investment Immigration and Citizenship Options
- Provide Supporting Documentation
- Submit Completed Application to Immigration Officials
- Obtain Application Approval from the Immigration Ireland Evaluation Committee
- Make Prescribed Investment and Submit Proof Upon Approval
- Provide Proof of Medical Insurance
- Submit an Affidavit of Good Character
Required Documentation
The required documentation for the Ireland Startup Entrepreneur Program includes:
- Passport and travel history
- Educational and business credentials
- Proof of holding €50,000 or more in a regulated bank for three months prior to application
- Capability to create 10 jobs in Ireland and achieve €1 million in sales within three to four years of startup
- Demonstration of English language proficiency
How Can Oxour Help You?
Oxour assists in evaluating your options and choosing the best course of action. Our comprehensive services include:
- Immigration Documents Checklist
- Complete Application Processing
- Forms, Documentation, and Application Filing
- Updates and Follow-up
- Relocation and Post-landing Support in Ireland
Contact us today to learn more about how we can support your entrepreneurial journey in Ireland.!
Frequently Asked Questions (FAQs) About the Ireland Startup Entrepreneur Program
General Questions
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1. What is the Ireland Startup Entrepreneur Program?
The Ireland Startup Entrepreneur Program (STEP) allows non-EEA entrepreneurs to establish and run their businesses in Ireland, offering a pathway to long-term residence and potentially citizenship.
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2. Why should I consider the Ireland Startup Entrepreneur Program?
Ireland offers a low investment requirement, favorable tax rates, a high standard of living, and no initial job creation targets, making it an attractive option for entrepreneurs.
Eligibility
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3. What are the eligibility requirements for the Ireland Startup Entrepreneur Program?
Applicants must be of good character, have no criminal convictions, possess €50,000 in funds, and have a unique business proposal that can contribute to the Irish economy.
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4. Is there an age limit for applying to the program?
There is no specific age limit mentioned for the program, but applicants must meet all other eligibility criteria.
Financial Requirements
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5. How much do I need to invest to qualify for the program?
The required investment amount is €50,000.
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6. Do I need to show proof of funds before applying?
Yes, you must demonstrate that you have held €50,000 or more in a regulated bank for a period of three months prior to submitting your application.
Application Process
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7. What is the process for applying to the Ireland Startup Entrepreneur Program?
The process includes finding an Ireland immigration lawyer, evaluating your investment and citizenship options, providing supporting documentation, submitting your application, obtaining approval, making the prescribed investment, and submitting proof of investment and medical insurance.
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8. What documents are required for the application?
Required documents include your passport and travel history, educational and business credentials, proof of funds, business plan, proof of medical insurance, and an affidavit of good character.
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9. How long does the application process take?
The duration can vary, but typically the process involves several steps that could take a few months to complete.
Benefits and Conditions
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10. What are the benefits of the Ireland Startup Entrepreneur Program?
Benefits include the ability to settle with your family, a low corporate tax rate, no initial job creation targets, access to healthcare and education benefits, and the potential for long-term residency and citizenship.
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11. Do I need to create jobs immediately after starting my business?
There are no initial job creation targets for the first two years, but you must demonstrate the potential to create 10 jobs and achieve €1 million in sales within three to four years.
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12. Can my family accompany me to Ireland?
Yes, the program allows for family settlement, including your spouse and dependents.
Long-term Residency and Citizenship
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13. How long do I need to stay in Ireland to qualify for long-term residency?
You can apply for long-term residency after five years.
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14. Is this program a pathway to Irish citizenship?
Yes, successful long-term residency can lead to eligibility for Irish citizenship.
Support and Assistance
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15. How can Oxour help with the application process?
Oxour offers services including an immigration documents checklist, complete application processing, form and documentation filing, updates and follow-up, and relocation and post-landing support in Ireland.
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16. What should I do if my application is denied?
If your application is denied, you may appeal the decision or reapply with additional documentation to strengthen your case. Consulting with immigration experts, such as those at Oxour, can provide valuable guidance.