Ireland is Going After the Rich?

Рет қаралды 6,031

Жыл бұрын

Soon after Portugal announced the closure of their famous Golden Visa Program, Ireland has decided that they don't like the rich people either! Ireland is implementing some changes that may affect you, and today we are talking about all of those changes.
Ireland used to have its own Golden Visa, which was called Immigrant Investor Programme. There were 4 different investment options that gave you an opportunity to obtain a residency in Ireland.
In order to keep your temporary residency, you only had to spend one day in the country. Later on this residency would lead to permanent residency, which could later lead to citizenship. Ireland has one of the best passports on the planet!
On top of this, Ireland has Non-Dom Regime, which is a special regime that will allow you as a foreigner to not pay taxes on your foreign income.
Unfortunately, this residency program is not available anymore as Irish government decided to put an end to it.
It's not a secret that the European Union is against Citizenship and Residency by Investment Programs. They generally don't like immigration based on wealth and financial contributions to the country.
This is why they've been putting insane amount of pressure on countries that offer such regimes, such as Cyprus, Portugal, Malta, etc. Lots of options got shut down, and Malta remained the only real Citizenship by Investment Program in the whole EU.
There has been some talks about the European Union putting pressure on Caribbean CBI programs. After some time these programs may also become the thing of the past, therefore it is crucial to act as soon as possible.
Your path to second citizenship and residency may become unavailable if you don't get it now while you still can.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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Пікірлер: 48

@OffshoreCitizen Жыл бұрын

Book a call with Michael: calendly.com/michael-rosmer?month=2021-03

@RomilCPatel Жыл бұрын

You should make a video on the Greek golden visa. It’s bank deposit option is often overlooked. Although I would be weary of banks in Greece.

@timmyhiggins5220 Жыл бұрын

I'm Irish and I can't understand why anyone in their right mind would move there

@OffshoreCitizen Жыл бұрын

What do you dislike about your country?

@timmyhiggins5220 Жыл бұрын

@@OffshoreCitizen high tax, terrible infrastructure, terrible health system, grossly expensive for everything, poor weather, one of the wokest countries on earth, binge drinking alcohol the main culture. I could probably think of more.

@Johntheviewer Жыл бұрын

why is there an Italian flag on the thumbnail?

@whenwasnow6062 Жыл бұрын

maybe it has to do with the obnoxious patch on his sweater. Subliminal advertising?

@Diego-pc4rc Жыл бұрын

It's just the edited in a weird way so the orange seems red

@joe0248 Жыл бұрын

potato / tomato.

@htedumbprogrammer8658 Жыл бұрын

Clearly keen students of history. This always ends well for the country.

@RomilCPatel Жыл бұрын

The IIP seemed overpriced. For the same donation amount you could get immediate Maltese citizenship and move to Ireland as an EU citizen under freedom of movement.

@namalanoi4030 Жыл бұрын

True, but its DONATION

@riptyurass302 Ай бұрын

The IIP is far better than the Maltese citizenship option. If you choose Malta, you will never see that 1 million ever again. If you choose the IIP, that money will be invested and you can even make a PROFIT in 2-3 years. Irish citizenship also comes with Visa free travel to China and the right to live in the UK.

@trzagor2769 Жыл бұрын

Chasing after tax-free countries for residence is exhausting and uncertain!!

@enjoyslearningandtravel7957 Жыл бұрын

Does the UK and or the channel Islands such as jersey still have an investor program? Or is it too complicated?

@Topknot60 Жыл бұрын

Megalithic corporations? I didn't realise that they had corporations in the prehistoric cultures that made monuments out of large stones, such as Stonehenge. I know that Ireland takes great pride in its past, but that may be a bit too far even for that country.

@pmc9079 Жыл бұрын

You can be disappointed by its closure without saying it’s because that Ireland hates rich people. For context foreign direct investment into Ireland is running at over €1,000 billion per year. An incentive scheme that gives 1,500 Chinese citizens visas (and 100 from other nations) for a €1 billion investment into Ireland seems unnecessary in such a climate. Closing unnecessary government programs seems like a reasonable thing to do and does not have to be part of some larger plan.

@Montoursz Жыл бұрын

If your information is correct it would indeed be unnecessary. However for a country like Cyprus or Malta that 1 billion would be a nice addition.

@vioreliachim5646 Жыл бұрын

Unnecessary is getting thousands of unskilled migrants into the country of Ireland and paying them benefits.

@soloveich Жыл бұрын

It kind of looks like the name of the game now is 2nd tier passports plus low tax jurisdictions for business, digital nomad visas for EU lifestyle (that seem to tend offering tax incentives), and a couple of LATAM permanent residences for plan B. Maybe something like Thai elite visa as an extra back up. Pretty much the sovereign individual... Settling down could be a problem, but, people are very adaptable

@cineffect Жыл бұрын

Tax-stability-wise, the only reliable countries in Europe are Monaco, Lichtenstein and Switzerland.

@Carolinapetroska Жыл бұрын

Yes, and I would add that Monaco is the best and is not part of Europe. Never any tax on capital gains, very business like separate country and not too many questions asked. It's a principality so a very stable political system. The prince is and remain in power until he dies.

@LeMerch Жыл бұрын

Und irland

@tinglestingles Жыл бұрын

Home alone thumbnail? 😀 It does feel like the noose for free-thinking individuals is tightening. I agree 'here today, probably gone tomorrow'.

@VERTICALWisdom Жыл бұрын

As long as there is options - we will structure our lives accordingly.

@MRMATTROMAN Жыл бұрын

Not sure if i’m slowly going color blind...but there is an Italian flag in the thumbnail...but the video concerns Ireland...

@dazza9859 Жыл бұрын

Italian flag in the thumbnail 😮

@stevenhill3136 Жыл бұрын

The chasing the algorithm with those thumbnails in full force

@cliddily Жыл бұрын

Perhaps my old peepers don't work so well anymore, but isn't that the Italian flag in the thumbnail?

@tomsdrone2216 Жыл бұрын

nice armani

@LeMerch Жыл бұрын

What benefits do these people bring to Ireland. Almost nothing. They buy a passport to access the EU and UK. They can then live anywhere in those regions so how does Ireland benefit other than a tiny bit of money that isn’t needed. We just hand out a passport to someone as you said may not like ‘to live’ in Ireland as it’s as you say ‘not the best place to live’ whatever that even means. Millions live in Canada which has far worse weather than Ireland. Look at New York.. that argument is dumb. As for the tax structure, it is favourable to corporations and businesses since it’s a 12.5% rate and with access to the EU market. The only thing that was closed in 2017 was the ability for a company to domicile themselves in a non existent country and move their intellectual property there and subsequently their profits. Closing that didn’t make Ireland unattractive.. what are you even talking about 😂

@FrozenSkyy Жыл бұрын

Great video as always Micheal! Was wondering if, in practice, does Cyprus grant citizenship by naturalization after 5 years of living there (as a permanent resident - either 6.2 or Category F)? If it indeed does lead to that EU passport, that would be an attractive option as well right?

@RomilCPatel Жыл бұрын

Very tough. I believe you must spend the last year prior to applying in Cyprus without leaving; also 7 years not 5

@namalanoi4030 Жыл бұрын

From every where I heard that, last year u have to spend 365 days , no leave.

@FrozenSkyy Жыл бұрын

@@RomilCPatel Sure, although living in Cyprus continously just for the last qualification year is a small price to pay right, if one was assured of the passport at the end? My bigger concern is whether Cyprus would grant the citizenship in reasonable time, if one has indeed met all the conditions? Or whether like Greece or Malta, they would keep it on hold indefinitely. Also, I belive it's 7 years to qualify, but if you live there for 5 years as a permanent resident (under Reg 6.2 or Category F), then the time reduces to 5. Need to get that reconfirmed tho.