Insight

Ireland: an appealing destination for immigration

18/08/2020
Ireland: an appealing destination for immigration

Europe’s rising star

An unprecedented level of global uncertainty means choosing a destination to immigrate to is not an easy proposition. With its strong economy and enviable education system, Ireland is a strong contender.

Bringing Covid-19 under control

While other countries continue to struggle to control cases of Covid-19 and its wider effects on the economy and society, Ireland has long since flattened the curve. As early as April, Ireland’s Chief Medical Officer reported that each infected person was infecting less than one other person and that no further peak was expected – which he attributed to measures implemented by the government and ‘hard work in communities.’

Growing economy, growing opportunities

Before the pandemic, Ireland’s economy was booming, with more than 400,000 jobs created in the six-years up to 2020. And despite being projected to contract by 8.5% this year as a result of Covid, it is predicted to then grow back 6.25% by 2021. This makes it a prime place for both job seekers and investors during the post-lockdown recovery phase, and a great place for setting up new enterprises.

Nursing homes: a chance to invest and help society

Hong Kong citizens can benefit from a unique route towards Irish residency via the Immigrant Investor Programme (IIP), which allows high-net-worth individuals to gain residency within 4-6 months by investing in nursing homes and other social infrastructure. In recent years Ireland has suffered a shortage in suitable residential facilities for the elderly, and as Covid-19 has shown, well-equipped facilities and skilled staff are essential.

Investment in nursing homes has been growing in recent years, with an increase in institutional investors providing the capacity to build larger facilities. This is seen in the fact that in 2019 there were 3,000 more beds available than ten years previously, while the actual number of nursing homes had shrunk by 18 percent in the same period. One of the main reasons for increasing investment is the stability that it provides over the long term to investors.

Bartra has already run many successful nursing home investment projects and is currently offering Hong Kong investors the opportunity to achieve Irish residency and help boost the care of the nation’s elderly.

Bartra Wealth Advisors provide end-to-end services to guide you through every aspect of immigrating to and investing in Ireland.