Obtaining a Prestigious Irish Passport Gratuis: A Guide to Securing One

Ireland: A Favourable Destination for Business and Residence

Ireland, known for its pragmatic and responsive government, particularly in economic matters, has established itself as a favourable destination for both businesses and individuals seeking residence.

One of the key factors that attract foreign investors is Ireland's competitive corporate profit tax of 12.5%. This tax-friendly policy, combined with the Start-up Entrepreneur Program (STEP), allows non-EEA nationals with innovative business proposals and funding of at least €50,000 to come and set up in Ireland. Successful applicants for the STEP program and their immediate families are granted an initial two years of residence that can be renewed for three more years.

For non-domiciled individuals, Ireland offers a unique tax regime. They pay no tax on their overseas income unless remitted into the country. Under the Irish non-dom program, foreign nationals pay tax only on their Irish-sourced income. This means that the more money a non-domiciled individual has accumulated before moving to Ireland, the more money they could remit tax-free and use to buy a house and pay living expenses. If a non-domiciled individual needs to move money into their company to pay salaries, they will pay 12.5% tax on any excess.

Ireland's non-dom program also allows for a bank account that was had before moving to Ireland to be remitted tax-free. After five years of residence, participants under the program will be eligible for long-term residence in the country, leading to citizenship. After five years of permanent residence in Ireland, one is eligible to apply for citizenship by naturalisation. Ireland allows citizenship by descent for those with Irish grandparents or sometimes great-grandparents.

Ireland's passport is considered one of the strongest in the world. In 2025, it ranked number one in the Nomad Passport Index. Irish passport holders can access 176 destinations visa-free, through a visa on arrival or via an electronic visa.

Ireland's neutral stance in international conflicts has earned it a reputation as an 'honest broker' in many parts of the world. This, coupled with its favourable business environment, makes Ireland an attractive destination for both businesses and individuals seeking a stable and prosperous place to call home.

The Start-up Entrepreneur Program (STEP) and Ireland's tax-friendly policies were founded by Nomad Capitalist, a company dedicated to helping individuals and businesses navigate the complex world of international taxation and residency.