Bartra Wealth Advisors have a limited number of final Irish Immigrant Investor Programme (IIP) approved investment slots available, with a restricted quota and timeframe. These slots are open to clients who have an immediate intention to apply for the IIP. Contact us now to secure your opportunity.

Irish IIP Key Benefits: holding PR status for entire family without residing in Ireland

As part of the ‘Irish IIP Key Benefits’ article series and following the previous blog about Approval First, Invest Later, in this article, we are going to discuss the scheme’s other advantage – minimal residency requirement.

The Irish Immigrant Investor Programme is a unique and highly sought-after immigration program that provides numerous benefits to those seeking to become Irish citizens. One of the most notable benefits of this program is its minimum residency requirement, which is very rare among English-speaking immigration programs. This residing flexibility not only offers investors an opportunity that they do not have to sacrifice their current lifestyle or uproot their families, but it also means that investors will be able to plan ahead and minimise their tax liabilities.

IIP a rare RBI programme

The last couple of years have been quite eventful, causing more uncertainties in the world. Investors and HNWIs across the world are seeking out second residencies that offer them and their families peace of mind while dealing with uncertainties. This has led to unprecedented interest in the Residency/Citizenship by Investment (RCBI) industry worldwide.

Ireland’s decade-old IIP soared in popularity in 2022, with record applications numbering more than 1,000 from across the world, more than twice the annual record set in 2019. As one of the largest Irish immigration IIP fundraisers, Bartra was involved in roughly 25% of the total Irish IIP applications.


One of the notable advantages of IIP is that the scheme requires that investors only reside in Ireland for one day per year for the first five years. The successful investor and his or her family will be granted a ‘Stamp 4’ status visa (equivalent to a Permanent Residency status) and family members will be benefited from their own permission to work, study or establish a business in Ireland as they wish, or they can hold their PR status without having to actually reside in Ireland. This freedom to effectively come and go as they like, makes the IIP stand out from all other immigration routes available to persons wishing to establish ties to Ireland. For those investors who choose to live in Ireland for 5 years, they may then be eligible to apply for citizenship by naturalisation. The Irish passport is widely recognised as one of the most valuable for those travelling internationally, and it is the only passport that allows citizens to travel, live and work in Europe and the UK.

In addition to its minimal residency requirement, IIP offers some investment options that are capital protected investments and they are also passive investments, which means the initial capital of investors will be repaid to investors at its maturity and investors do not have to manage or operate their investments. This is another major advantage of IIP for those who are looking for a safe and secure investment opportunity. It is also hassle-free at the same time as it requires minimal time and effort.

Tax planning

Because of IIP’s minimal residency requirement, investors who stay in Ireland for less than 183 days or more in a tax year, are not considered taxable residents with no tax liabilities, such as no income tax for foreign-soured income, no inheritance tax and no capital gain tax. Investors and their families can decide themselves whether to become tax residents in Ireland depending on their situation.

Furthermore, the remittance basis of tax is another favourable tax treaty to people coming into Ireland if non-domiciled. If not an Irish national, then any investment income is only taxable if that goes into Ireland. There are very few countries that offer this favourable tax treatment.

Tax Planning

We previously discussed some tax scenarios (also compared taxes between Ireland and UK), and provided many practical tips, click to read the article to learn more about the tax issues where we interviewed KPMG.


After all, the Irish Immigrant Investor Programme (IIP) is a unique and highly sought-after immigration program that offers numerous benefits to those seeking Irish residency and creating a pathway to becoming an Irish citizen. From its minimal residency requirement to its capital protection, passive investment options and tax planning benefits, the IIP provides a wealth of opportunities for investors looking to expand their horizons and take advantage of all the benefits that Ireland has to offer.

Whether you are looking to secure a better future for yourself and your family, or simply enjoy the many benefits of Irish PR, the Irish Immigrant Investor Programme (IIP) is the perfect choice for you. So why wait? Start your IIP journey now with Bartra today and take the first step towards a better future.

Click here to learn more about the IIP or to contact us.

Note: Bartra only have a small number of available slots for the IIP-approved investment projects.

Ireland’s property market – a worthwhile investment

The hottest property markets for Hongkongers include London, Sydney, Vancouver, New York, Japan, Bangkok, Lisbon, and many more, but with a large number of multinational companies have established their European headquarters in Ireland (many more are planning to) and the IIP providing the opportunity for immigration to Ireland, its cities are looking increasingly attractive. And there are other benefits to be had, too.

Ireland’s property market has enjoyed steady growth over the last decade, particularly in the nation’s capital, Dublin and its surrounding commuter areas. This growth has been driven by a strong economy (see our blog on ‘Ireland’s Economy’) and high employment levels; GDP growth in 2018 was 5.6%, the second highest in Europe, and in the same year full-time employment grew 2.7%. This year, Ireland is the only developed economy to experience growth in GDP, boosted by exports from the Pharma and tech sectors, the chief economist at Goodbody Stockbrokers said.

Dublin has experienced continued international investment, particularly in the technology sector; it is home to Twitter’s EMEA headquarters and Facebook and Google’s European headquarters. Ireland also boasts a burgeoning medical technology industry, which performed particularly well in 2020, and many of its giants are based out of the capital.

In addition, a limited supply of homes in Dublin’s prime locations, coupled with a growing population that is predicted to increase by nearly a third before 2036 taking it to 1.76m, contribute to a high demand for property in the capital. In 2019, PwC ranked Dublin third out of 31 European cities for real estate investment and development in its 2019 PwC/ULI Emerging Trends in Real Estate Europe report.

There is plenty, then, to attract international property investors. And with similar procedures for purchasing a property in place in Ireland as there are in the UK, where many Hongkongers have chosen to invest in property, good value and promising returns also add to the appeal.

Dublin, for example, is well priced compared to some of its European counterparts. Home prices start from €400-500,000 for a one-bedroom flat in prime residential areas, such as South Dublin, according to Mei Wong, Executive Director – Head of International Residential Sales at Knight Frank, which deals in both residential and commercial property consultancy, while family homes start from €1 million, though in super-prime areas can exceed €10 million.

Location matters and ownership


Dublin’s most desirable areas to live in, particularly for a family home, are found in the South of the city, with Dublin 4, including Ballsbridge, Sandymount and Donnybrook, and Dublin 6, namely Ranelagh, Rathmines and Rathgar, holding greatest appeal. Each offers a range of housing options within easy reach of the city centre and is close to some of the city’s best schools including a number of those listed in The Sunday Times’ top 25 schools in Ireland in 2018. Blackrock, Monkstown, Dalkey and Killiney, also areas in south Dublin, are of growing interest thanks to their coastal locations offering attractive sea views.

Whether buyers are in search of houses or apartments, property titles are similar to those in the UK. Houses and townhouses are generally freehold, while flats, particularly new-build units, are likely to be leasehold (often 999 years). For those buying for investment, rental yields in and around Dublin are strong and have risen steadily since 2011, but vary according to the area.

Off-plan properties, which are often popular with Hongkongers, can offer attractive yields of between 4 and 6%, particularly in Greater Dublin where undersupply continues to drive growth and push up rental values. Apartments in Dublin 2, where a number of new developments are launching on the south quays, have particularly high rental yield potential, while property in more established areas of Dublin, such as Dublin 4 and Dublin 6, does not offer the same growth prospects.

Aside from Dublin, other areas worth considering include Cork, Ireland’s second most popular location for property investment; Limerick, which was named one of the Europe’s Cities of the Future in 2018/2019 by fDi Intelligence, a specialist division from The Financial Times Ltd.; and Galway, named European Capital of Culture 2020. These cities are attractive places to live, there are top schools, excellent medical facilities, and an array of lifestyle options such as golf courses, fishing and yachting.

There are a number of other elements to consider when purchasing overseas property, many of which set Ireland apart. Property taxes remain relatively low in Ireland. Stamp duty is 1% of the value of the property up to €1 million, then 2% on the balance over €1 million. Local property taxes are also modest, but vary according to location.

IIP investors will hold a Stamp 4 VISA, equivalent to a permanent residence permit, though there is currently no limit on the number of homes that can be purchased by a resident or non-resident, so prospective buyers and investors are able to purchase property at any stage of the residency process.

While most Hong Kong property buyers tend to be cash buyers, mortgages are available with an LTV of up to 70% with an interest rate of around 2.9%. Bartra works in partnership with EBS, one of Ireland’s largest financial institutions, to offer attractive and appropriate mortgages to its clients. For IIP program investors, it is worth bearing in mind that at maturity investors can expect around returns of €200,000 from a €1 million investment of Nursing Home projects, which could be put towards buying property.

Based on the resilience of property markets around the world, the global pandemic seems to have had little impact on buyers’ desires to purchase new homes. In fact, international investor enquiries have picked up as people have had time to consider new markets. And Ireland’s capital, set in an English-speaking country within the EU where residents enjoy high quality of life amidst a steadily growing economy, is a place where investors should feel confident in its potential.

If you are looking to invest in property in Ireland, watch our interview with Mei Wong, Executive Director – Head of International Residential Sales at Knight Frank, which is part of our “Immigration Insights with Bartra Wealth Advisors” video series. Mei and Jay Cheung, our Marketing Director, reveal some of Dublin’s most attractive areas for investors and considers the elements international buyers need to be aware of when contemplating property purchase in the Emerald Isle.

New launch – Glensavage, Avoca Road, Blackrock, by Bartra Homes


Apart from IIP projects, and as a leading property developer in Ireland, Bartra Group has diverse real estate portfolios. Bartra Homes has recently launched a premium residential development project, strategically located in a prestigious and highly sought after location in South Dublin, Blackrock. Glensavage is a beautiful hidden site of 2.49 acres (0.94 hectares) off Avoca Road in Blackrock.

You can visit the project website for specification details, layouts or simply contact us.

We also work with Knight Frank for other property investment opportunities.

Data source from Knight Frank’s residential property market reports.