Ireland is Going After the Rich?

[@OffshoreCitizen]

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

[@RomilCPatel]

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.

[@trzagor2769]

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

[@thedumbprogrammer123]

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

[@dazza9859]

Italian flag in the thumbnail 😮

[@RomilCPatel]

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]

True, but its DONATION

[@riptyurass302]

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.

[@timmyhiggins5220]

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

[@OffshoreCitizen]

What do you dislike about your country?

[@timmyhiggins5220]

@@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.

[@VERTICALWisdom]

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

[@pmc9079]

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]

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]

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

[@Johntheviewer]

why is there an Italian flag on the thumbnail?

[@whenwasnow6062]

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

[@Fhfjdod8ebrmsow9e]

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

[@joe0248]

potato / tomato.

[@soloveich]

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

[@enjoyslearningandtravel7957]

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

[@cineffect]

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

[@Carolinapetroska]

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]

Und irland

[@Topknot60]

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.

[@tinglestingles]

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

[@tomsdrone2216]

nice armani

[@MRMATTROMAN]

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

[@cliddily]

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

[@LeMerch]

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 😂

[@stevenhill3136]

The chasing the algorithm with those thumbnails in full force

[@FrozenSkyy]

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]

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

[@namalanoi4030]

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

[@FrozenSkyy]

​​​@@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.

[@karlquinn6571]

False gdp being borrowed against

[@fergaoneill5323]

I'm Irish and lm. Poor

[@ehulbert5]

😂😂😂

[@EtikBenjamin]

Definitely a more emotional and less professional observation lol not liking the rich ha lol

[@LeMerch]

They have no need for the program anymore.