On Tuesday 14 February, the Irish government announced the closure of the Immigrant Investor Programme (IIP). IIP applications via approved projects may be granted a grace period of three months to submit the finalised application. Any interest in IIP is the last chance and would have to apply on an urgent and immediate basis or the programme will no longer be available. Contact us now.

Recognising Our Top 10 Accomplishments Of 2021

As the year draws to a close, the challenges of these unprecedented times persist. However, there were moments of pride as Bartra was able to navigate uncertainty and build and create a unique business model to help our clients and their families pursue their dream and live better.

There were many moments in 2021 to celebrate. Here are some of the highlights from a truly memorable year.

In April, Colmcille House at Stoneybatter, Social Housing Phase I was completed. The project offers 23 apartments to house families in need and has signed a 25-years Enhance Lease with the government, providing excellent income stability. Poplar Row, another Phase I Social Housing project also located in Dublin, will be completed next year, offering 39 apartments.

The specification and construction quality of our social housing developments never disappoint; this is our commitment. Take a look at our completed Colmcille House project below.

In May, we opened a new office in Ho Chi Minh City to provide streamlined, in-group, end-to-end Irish immigration services for our clients in Vietnam, as handled by our dedicated local team. Since then, nearly €7 million has been raised from Vietnam investors.

As we were in Hong Kong, we became the first company in Vietnam to provide direct Irish investment immigration services, and we are thrilled to have achieved amazing results, despite having only opened the office in May and considering the challenges of the pandemic.This shows that our clients have absolute confidence in our business and projects.

▲ Jenny Thao Dang, Head of Bartra Wealth Advisors Vietnam, was interviewed by Ho Chi Minh City television channel HTV9 in November

In July, Bartra’s Phase IV Clondalkin nursing home project was fully subscribed, raising €20 million from IIP applicants for this 146-bed project. The construction of Clondalkin began in June, following three earlier nursing home projects that are already in operation. Bartra is the only group that integrates development, operation and management in IIP projects, which are run and managed by a dedicated division – Bartra Healthcare. Bartra’s nursing homes are safe, authorised and much-needed projects in Ireland, and they have a state-backed revenue stream.

We are committed to the quality of our nursing homes and to providing our clients with their principal repayment and 4% interest per annum. The Clondalkin scheme is popular among our clients, who have said they can use the 20% interest obtained at maturity, which is €200,000, to pay for their children’s school fees or to buy property in Ireland.

In August, Bartra published Ireland: An Essential Guide. Co-written with an Irish journalist, the 74-page book provides information on everything from planning a trip to Ireland to making a move and includes a wealth of practical tips such as suggested places to shop, drink and eat, where to find information on public transport, and how to seek medical advice, understand banking requirements, locate desirable living districts, evaluate property types for purchase, select schools and many more helpful do’s and don’ts.

Ireland: An Essential Guide is available in three languages – English, Chinese (Simplified and Traditional) and Vietnamese. Click here to get a free printed copy.

In August, Bartra’s Shanghai team moved into a new office in Wheelock Square, one of the newest and tallest buildings in Puxi, Shanghai. To date, we have opened offices in Shanghai, Beijing and Shenzhen in China. This is also the first year we have offered clients direct Irish investment immigration services in China, encouraged by the success of our business model in Hong Kong and Vietnam.

At the opening ceremony of our new Shanghai office, James Hartshorn, CEO and Co-founder of Bartra Wealth Advisors, said: “Over the last five years, Bartra has provided investors with the best IIP projects in the market with minimal risks. We also established a local landing team in Ireland to complete our one-stop-shop services. We will not forget why we started in the first place. Going forward, we will continue to provide first-class IIP projects and services, and work hard to offer more opportunities for our clients to have a better life.”

In October, we launched the Phase V Cookstown Tallaght Nursing Home globally. This purpose-built project will provide 131 beds. Offering just 20 slots for IIP investors, more than half have already been sold with Bartra raising €6 million in two weeks at the project ‘pre-launch’ stage from IIP clients in Hong Kong and Vietnam.

Cookstown Tallaght is located in the heart of Tallaght, a thriving urban hub with a population of 80,000 making it one of Dublin’s largest suburbs. It benefits from excellent transport links – the Belgard Luas light rail station is just 250 metres away, providing access for both staff and the families of residents. It also boasts proximity to major hospitals, including Tallaght University Hospital, Ireland’s leading academic teaching hospital, which is less than a kilometre away, and St James’s Hospital, just 8km away.

In September, we received planning permission for the €400 million redevelopment of O’Devaney Gardens (a non-IIP project) in Dublin 7. This project will be our largest in-house project to date, delivering more than 1,000 units. This development will also encompass two new parks, dedicated cultural and community spaces, shops, a café and a crèche.

Aside from IIP projects, Bartra Group’s property portfolios span all sectors of the market in Ireland, including commercial real estate, residential homes, shared living and renewable energy. It is worth mentioning that, at the end of 2019, the Irish Government’s Ireland Strategic Investment Fund (ISIF) invested €8 million in Bartra’s co-living business. The confidence of the government and investment from the sovereign development fund in our projects demonstrates the solidity of our businesses.

In September, Bartra received more than 40 renewal permissions, maintaining its 100% renewal rate.

We pride ourselves on delivering streamlined end-to-end services. Our unique business model supports clients throughout their investment and immigration journey, from immigration advisory and case submission to visa renewal and exit execution through to landing services.

By the end of November, we had received nearly 60 IIP applications, with an approximate investment amount of €50 million.

Across Asia, we have a monopoly on the IIP with the largest market share in Enterprise Investment. This is our expertise. Investing in the IIP with Bartra is very safe, and we maintain a 100% application approval rate and renewal rate, providing 100% capital protection.

In Q4 of this year, investors of our first nursing home project, Loughshinny, began receiving their repayments. Loughshinny was built in May 2019, and is currently in operation, offering 123 beds and the highest HIQA standards. We are pleased to see our clients are happy, with many choosing to re-invest in additional Bartra businesses.

▲ Loughshinny, Bartra’s first nursing project, built in May 2019

We are grateful for everything we have achieved in 2021 and look forward to another successful year full of opportunities in 2022. We would like to take this opportunity to thank our clients and friends, peers and partners, for all of your dedication, support and hard work.

When is the best time to emigrate?

People migrate for many reasons. Whatever the reasons, it takes time to weigh up the pros and cons before coming to a final decision. And while delaying such life-changing decisions is understandable, time is an important factor when it comes to immigration. The later you make the move, the more uncertainty you may face. One of the key factors around this uncertainty is policy and requirement changes that may mean you and your family are unable to qualify for your chosen immigration programme.

Are you thinking of adopting a wait-and-see approach? Here are some reasons why you should resist delaying your immigration decision.

Immigration policies can change

Immigration policies wherever you are looking to move to are never static. As the number of people who immigrate to a country increases, it is not uncommon to see governments tighten policies or introduce new regulations to prioritise the interests of residents. This might include changing the number of minimum days stay in the destination country, tightening investment project requirements, and/or raising the sum of required assets or investment amount, to name a few.

Currently, there is heated debate around the Citizenship by Investment (CBI) and Residency by Investment (RBI) schemes in the EU.

In October, the European Parliamentary Research Service (EPRS), an in-house research department that provides analysis for the EU to make necessary amendments, published a 159-page study on investment migration programmes in the EU. The objective of the study is to assess the risks of certain aspects such as:

1. Risk of violating the principle of sincere cooperation
2. Risk of the commodification of EU citizenship and residence
3. Risk of violation of the principles of fairness and discrimination
4. Risk of weak vetting and due diligence
5. Lack of sufficient safeguards for macro-economic governance

With the above risks assessed in the report, the ERPS identified five possible policy directions to mitigate the risks and protect local governance, social and economic stability, which include phasing out CBI/RBI schemes, taxing CBI/RBI schemes, strengthening the regulations, mandating minimal physical presence requirements and regulating access to the EU for third countries.

We welcome regulations on conditions, guarantees and safeguards of the CBI/RBI schemes for better transparency and protection. However, for potential immigrants, we suggest planning early as policies can change at any time. For investors thinking of immigrating to the EU, it’s best to consult advisors to ensure they choose a suitable scheme with the appropriate risk level.

There are changes to immigration programmes happening in other parts of the world too. For example, the investment requirement in Australia increased from AUD1.25 million to AUD2.5 million this year, and the type of investment changed from designated investments – Australian State or Territory bond, to complying significant investments – funds in specified proportions.

This is just one example that nevertheless shows how quickly things can change with regard to immigration, potentially transforming a move from feasible to impossible.

Early planning safeguards children’s futures

For most families looking to immigrate, the main reason is to secure their children’s futures. If a family is granted residence status at an early stage, children are able to begin their studies sooner, allowing them more time to adjust to the new culture and environment. In the longer term, children are also able to establish academic and career connections and to seize a greater number of opportunities.

In recent years, Ireland has become one of the top immigration destinations. Ireland is the only English-speaking country remaining in the EU following Brexit and it has a leading education system – Ireland’s primary and secondary education ranked seventh globally in 2020. Universities such as Trinity College Dublin and University College Dublin offer high quality education that equips students with the knowledge and skills to step into some of the top global companies. And Ireland’s job market is thriving, offering plenty of opportunities upon graduation.

In Ireland, the sooner a child obtains residence status, the sooner they can become Irish citizens and enjoy associated rights. Children will be eligible for an Irish passport when they are aged 18 or above and have been resident in the state for at least five years, meaning they can study at top universities in Ireland, EU member states and even the UK thanks to the Common Travel Area (CTA) arrangement between Ireland and the UK. If they opt for a British university, they can qualify as local students and pay the ‘home rate’ instead of overseas fees, which can be three times as much.

From the perspective of parents, the current Immigrant Investor Programme (IIP) is flexible in terms of its residency requirements as investors only need to spend one day per calendar year in Ireland to maintain this immigration status, allowing the achievement of residency without necessarily moving to Ireland. It is worth noting that Irish passports can be applied for individually, meaning children remain eligible for an Irish passport even if parents have been resident in Ireland for less than five years.

Learn more about Ireland’s education system and job market development in our earlier blogs. 

Seize investment opportunities ahead of time

It’s not only important to decide and begin on a suitable immigration programme at the right time, but seizing good quality investment opportunities is also key. To learn more about choosing reliable companies and their associated investment projects, read our previous article, How to assess the risks of immigration investor programmes.

Bartra’s latest investment project, Cookstown Tallaght, a nursing home project built to meet the highest Irish Government (HIQA) and EU standards, qualifies for government-supported revenue models and the IIP, offering a great opportunity for families who are looking for immigration with an investment return. Since the project launched in mid-October, investors have already taken up more than half of the available slots; fewer than 10 remain available. Bartra is aiming for a full fundraise by the end of the year. To find out more, contact our consultants.

▲ Bartra’s latest nursing home project, Cookstown Tallaght


Ireland is an increasingly popular immigration destination thanks to its favourable IIP schemes. Data from the Irish Ministry of Justice shows that the number of IIP applications has been increasing rapidly since 2012, with applicants for the IIP hailing from various countries, demonstrating Ireland’s international appeal. However, as noted above, programmes can change at any time and good investments are snapped up fast, so why not act now to build a promising future for you and your children?

Contact us to learn more about our investment projects and the IIP programme.