How to Move to Ireland?
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Where is Ireland
As you know, the topic of today’s video is moving to Ireland, so let’s do a little introduction about the country . The Republic of Ireland is a country in the Northern part of Western Europe. The country is a member of the European Union, uses the euro as its currency, but is not part of the Schengen area. It is, uniquely in a way, the only EU country in a free movement area with the UK.
Residence Permit in Ireland (EU citizens)
If you are an EU citizen you can just come to Ireland without much hassle. If you want to stay more than 3 months you need a reason to be in Ireland. But as an EU citizen if you have enough money to stay in the country and cover your health insurance cost, that is enough of a reason. Other reasons can be the usual ones like working as an employee or self-employed, being a student, etc.
Residence Permit in Ireland (non-EU citizens)
If you are a non-EU citizen however, in Ireland, like in any EU country, it is much harder to actually get residency. Ireland is definitely not the easiest country to move to Europe if you are a non-EU citizen. That does not apply to UK citizens, who can freely live and work in Ireland.
Golden Visa in Ireland
If you are wealthy and don’t want to deal with a lot of bureaucracy you may just want to invest in Ireland and get a golden visa in the country.
The golden visa (or Investor Visa as it is called in Ireland) has a lot of advantages compared to a normal resident permit, such as being able to come and go as you please from Ireland and obviously stay as much as you want.
There are a few categories of investment for the Golden Visa in Ireland, the Irish Golden Visa grew popular in recent years, as the UK made it almost impossible for investors to move to the country just based on passive investing.
Among the requirements you will need to prove you have a net worth of 2 million euros. Then, considering you have such net worth you can pick one of the several options to invest in Ireland and get your investor visa.
Ireland Permanent Residence Permit
To become a permanent resident in Ireland you have to live in the country for at least 5 years. One important aspect is that years studying in Ireland do not count towards permanent residence or citizenship. So Ireland is probably not the best option if you want to move there as a student to make your years towards citizenship or PR count right from the start.
Irish Citizenship
Irish citizenship is one of the best arrangements one can possibly have in terms of nationality. The reason is pretty simple. Since Ireland is in the EU, Irish citizens can live and work in any country member of the bloc with minimum bureaucracy. But that is probably nothing new and if you watch the channel you know that EU citizens can work and live in any EU country.
The difference is that Ireland has an agreement with the UK as well. In other words, Irish citizens can also work in the UK and in the EU with minimal bureaucracy involved. Ireland is the ONLY country whose every citizen can work in the EU and in the UK relatively without any restriction.
Advantages of living in Ireland:
-English speaking country
The fact that Ireland is one of the very few countries in Europe in which the English language is official is definitely an advantage worth mentioning about the country.
-Good location
Ireland enjoys a privileged location in Europe, especially if you are from North America.
-Visa policy
Despite the fact that Ireland is in the European Union, the country is not in the Schengen area and neither it is planning to join it.
Disadvantages
-Weather
-Cost of living
-Taxes on personal income
Taxes on personal income, unlike those for corporations, are actually high in Ireland, especially if you are a high earner. If you are earning anything above 5000 euros per month, Ireland is already not an attractive place tax wise. If we combine the high taxes on personal income with the sky high rent prices in Dublin for example, we can easily conclude that the Irish capital is one of the hardest places to save money if you work remotely.
22 ноя 2022
