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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.

Insight

Real Estate & Conveyancing

07/07/2020
Real Estate & Conveyancing

So…. A few points on real estate and doing business in Ireland –

  • Ireland is a member of the European Union and the only country in the EU whose first language is English. It has a sophisticated, well educated workforce and State structures which are transparent and fair.
  • Ireland is a common law country – like countries such as England, the United States and Australia. Irish property law is essentially based on Irish legislation and common law.
  • There are no legal restrictions on the ownership of real estate in Ireland so property can belong to resident or non-resident parties.
  • There are also no restrictions on the transfer of ownership of property from one person to another.
  • Irish property can be held under freehold title which confers absolute ownership and has the potential to last forever or leasehold title which confers ownership for a period of years granted by a lease.
  • The Irish State’s Property Registration Authority controls the systems for recording real estate transactions in Ireland. These systems can be accessed online.
  • In order to purchase a property in Ireland, you must engage a solicitor who is qualified with the Law Society of Ireland.
  • Typically we would allow approximately 4-8 weeks to complete an acquisition of a property in Ireland.
  • In summary, Ireland has a sophisticated, well educated workforce. There are fair and transparent systems in place which make it a great place to buy real estate and to do business.