Ireland - Live and Invest Overseas · At A Glance • Population – 4.7 million (July 2011 est.) • Official Language –Irish (Gaelic), English spoken everywhere • Currency –

Ireland

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Ireland


At A Glance • Population – 4.7 million (July 2011 est.) • Official Language –Irish (Gaelic), English spoken everywhere

• Currency – Euro • GDP per Capita (PPP) – $39,500 (2011 est.) • Climate – temperate maritime; mild winters, cool summers; consistently humid • Natural Hazards – Landslides • Government – Republic, parliamentary democracy

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At A Glance


Dublin, Ireland

Cost of Living

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Rent (1 bedroom apartment in the city) US$550 HOA Fee 0 Property Taxes 0 Transportation (monthly unlimited bus pass) 100 Electric, gas, water, and garbage. 168 Internet 40 Telephone (100 minutes on cell phone) 20 Cable TV 35 Household Help (one day/week at $50/day) 200 Food 550 Entertainment 400 Health Insurance 200 Travel 70 Miscellaneous (clothing, etc.) 200

Total Monthly Expenses US$2533

Property Costs Rent for €400 or US$530 to €800 or US$1,060 per month… Found some low cost rentals at www.rent.ie Build for as little as €95 or US$126 per square foot… Buy for €40,000 or US$53,030 and up… The following properties were found on www.sherryfitz.ie/


Property Costs


3 Bedroom Cottage in Clifden Glen Development, County Galway: 3 bedrooms (83 M2) for € 69,000 or US$91,475

Property Costs


Two Bedroom Traditional Farmhouse in Macroom Town, County Cork: 95 M2 for € 50,000 or US$66,286

Property Costs


One Bedroom Stone Cottage in Kenmare, a Town in County Kerry: € 80,000 or US$106,058

Ireland Pros • English Spoken • The people actually vote during elections

• Rich history and culture

• Very friendly, helpful people

• Beautiful scenery

• Good social support system (medical, welfare, etc.)

• Irish pride • Great auction

houses


Ireland Pros


Beautiful Scenery

Ireland Pros


St. Patrick’s Day in Dublin

Ireland Cons • Rains a lot… • Can be expensive… • Tractors on the road…. • The recession has hit Ireland hard (a lot of lost jobs)….

• Patchy infrastructure (usually ok in the city, but in rural area, roads can become hard to navigate, cell phone signals and internet can be unreliable)


Ireland Cons


Tractors on the road outside Mitchelstown in County Cork

Ireland Cons


Storm at Old Keep

Residency


Citizens of the United States and Canada do not need a visa to

enter Ireland.

Residency


• Workers • Students • Long Term Residency • Family Re-Unification • Spouse of an Irish National • Dependants of an EEA National • Change of status • De Facto Relationships • Self Sufficiency

Medical Care • The public health care system, which is funded by

general taxation, provides health care for all residents of Ireland.

• There is a Medical Card, which is offered to those receiving welfare, people with low income, and some residents with long-term or severe illness. It entitles holders to free hospital care, GP visits, dental services, optical services, aural services, prescription drugs, and medical appliances.

• A GP Visit Card is available for some residents earning a slightly higher income. It entitles holders to free general practitioner visits.


Medical Care

• Residents over the age of 70, who are not entitled to either of these two cards, will instead receive an annual cash grant of €400 (US$530) up to a certain income. • People who are not entitled to a Medical Card (i.e. 68.1% of the population) must pay fees for certain health care services. • Emergency care is provided at a cost of €120 (US$159) for a visit to the Accident and Emergency department.


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Taxes • Irish residents are taxed on their worldwide income and capital gains, as are individuals who are not resident, but who are ordinarily resident. Nonresidents are taxed on Irish-source income and gains from immovable property in Ireland.

• An individual is resident if he/she spends more than 6 months of the tax year in Ireland, or has a combined presence of at least 280 days in Ireland over that tax year and the preceding tax year.


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Taxes • Capital gains tax rate is 30%... • Progressive rates are imposed up to 41%; a universal social charge applies where the annual income exceeds €10,036. The charge is at a rate of 2% on gross income up to €10,036; 4% on gross income between €10,037 and €16,016; and 7% on income in excess of €16,016.

• Value Added Tax – 23% (increased from 21% on January 1). There are reduced rates of 13.5% and 9%

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Accessibility • The Republic of Ireland is serviced by four international airports…

• There are smaller airports that operate domestically and to/from the UK…

• Only one cross-border train, the Enterprise… • A Rail-Sail plan is available (links ferries to trains) between Ireland and the UK…

• Various boat and ferry companies… • Numerous bus companies operate throughout the country and beyond…


Accessibility


Retiree Benefits


No specific retirement benefits. However, resident seniors 66 or over get free travel on State transportation (buses, rail, and the Dublin ‘metro’).

Retiree Benefits


Lismore Castle in Waterford, Ireland

Recreation • Sightseeing • Bicycling • Tons of festivals • Pubs

• Shopping • Going to the theatre • Hiking • Touring the castles • Golfing


Is Ireland For You?


Dublin at Night

Is Ireland For You? • So much to explore. So much history • Appreciate the “different” Irish humor • Wet and windy in most areas…most of the time

• Not a super cheap third-world destination

• Friendly people • English is widely spoken, but the Irish language (Gaelic) can be very difficult to learn


Is Ireland For You?


Documents

Ireland - Live and Invest Overseas · At A Glance • Population – 4.7 million (July 2011 est.) • Official Language –Irish (Gaelic), English spoken everywhere • Currency –