Americans Need Not Apply

[DrinkingHarp]

In order for an American to retire in Ireland the person needs to have a minimum annual income of 50,000 euros or 100,000 euros for a married couple for the REMAINDER OF THEIR LIVES!!!

How many would qualify for this if they were not from Ireland or an EU country?

http://www.irishcentral.com/news/Ireland-rejecting-American-retirees-under-new-rules.html

[armaghniac]

No point in having indigent Americans filling up the country, the US would not provide visas to indigent Irish people.

[heganboy]

what do you think the standard is to go the other way- for an Irish person to retire in the US?

[heganboy]

here are the three options:

B2 Visa: formal Embassy-issued tourist visa that anyone can apply for. For retirees the B2 visa is typically issued for 10 years (multiple entry), but the amount of time that can be spent in the US at any one time is 6 months.
One significant issue:  B2 visa holders do not qualify for a social security number and can not work.

E2 Visa – Investment Visa: You can buy a small business that is already well run by capable staff and the alien owners will supervise and run the business. The E2 visa is granted if you invest in such a going concern and thereby create at least a couple of jobs for Americans. Investments above $250K will more likely ensure that the alien purchases a business of the size where they will enable staff to operate the business, and where the business will generate a solid dependable income for the owner.

E2 visa holders can stay in the US for as long as their E2 visa business continues to thrive. The E2 visa is not a perfect system for retirees, but for some it is better than having to keep returning to their home country every six months, which can be quite unsettling. The E2 visa does come with a social security card for the investor.

EB5 Investment Visa/ Green Card – requires that at least $500K to be invested into a Federally Designated Regional Center (FDRC). These are massive developments where developers have been licensed by the US Government to solicit overseas investments, and in the process of the alien investing into the project, they can apply for and be granted a green card for life. Plus, (typically after about 5-6 years) when the project is completed and sold, the investors should get their money back plus a little interest. The return on the EB5 is NOT guaranteed...

[gallsman]

In order for an American to retire in Ireland the person needs to have a minimum annual income of 50,000 euros or 100,000 euros for a married couple for the REMAINDER OF THEIR LIVES!!!

How many would qualify for this if they were not from Ireland or an EU country?

http://www.irishcentral.com/news/Ireland-rejecting-American-retirees-under-new-rules.html

Don't really see too much of a scandal here. Never pay tax or PRSI then just retire over here while the working people of Ireland provide for them?