Frequently asked questions

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Is my family included in the application?

Are there any age restrictions for the principal applicant?

Can I work in Ireland?

Can I set up a business?

How long do the various processes take?

What is the inheritance tax situation in Ireland?

What are the benefits of residency?

Can I travel freely during the application process and maintain my interests in my home country?

What about finance for managing my investments?

Is my family included in the application?

Yes, your wife and all children under the age of 18 are automatically included in the process.

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Are there any age restrictions for the principal applicant?

No, there is no maximum or minimum age restriction.

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Can I work in Ireland?

Most qualified persons are welcome and there are favourable conditions which exist to encourage professionals engaged in a large number of activities.

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Can I set up a business?

Ireland welcomes new business ventures, PTI can advise on the best corporate structure. Additionally, if you have a business trading across borders, a tax efficient international company can be enormously beneficial.

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How long do the various processes take?

The residency process will be completed within a few months whilst citizenship can take anywhere between 5 and 10 years depending on the length of time spent in Ireland in the run up to and application for citizenship. PTI employ all our joint experience to reduce the time scale as much of possible and in line with your personal requirements.

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What is the inheritance tax situation in Ireland?

Inheritance tax is payable in Ireland. A rate of 25% of the residual value of a person’s estate above the threshold is payable by the beneficiary.

PTI and partners have many years of experience advising clients on international tax planning.

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What are the benefits of residency?

Residency facilitates movement of non E.U. citizens within mainland Europe. Additional benefits and freedoms available on those which one would expect from one’s home country.

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Can I travel freely during the application process and maintain my interests in my home country?

You are free to continue your current economic and lifestyle activities outside of Ireland. When it comes to financial matters, there is an obligation to establish certain residency qualifications and in some cases, your home country may require you to comply with conditions to receive pensions or dividends free of tax. We can assist in making arrangements such as creating discretionary “Trusts” or Foundations into which assets can be placed and income channelled. This can satisfy conditions in a home country whilst being very tax efficient.

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What about managing my investments?

PTI’s experience and connections within Ireland will ensure that you have as much control over your investments as you wish. Full quarterly reports will be issued outlining the key points of your investment and will ensure that you continue to meet the residency requirements whilst safeguarding your investments and producing a healthy return.

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