Hi all,
I am a Non European national living in Ireland since 6 years. I am a qualified professional good at my job. I have good savings made up to €80,000, which i would like to invest in business and work for myself.
Looking for some professional advice
According to INIS I need a business permission to run a business in Ireland, and I can only qualify for it if i would invest capital of up to €300,000 in the state.
Could anyone advice what is the other possibilities to overcome the situation?
I possibly have a Irish partner who can go into partnership with me, just want get the facts right before I approach him with my venture.
I have a family with 1 kid(2 year). My wife works as an accountant, who will be a good support to look into my financial matters.
I am a bit confused as to wait for some time(2 years) until I get my residency in Ireland and rather invest the money in property( as we still live in rented accommodation) or go with the gut instinct.
We approached the bank for a mortgage for a house loan but they would only consider our application if we have a stamp 4 (Irish residency),which is applied, and would take at least 2 years for the process.
In a complete dilemma!
Whether to go for the business or get the possible funds and buy a house and think about business at later stage
I am a Non European national living in Ireland since 6 years. I am a qualified professional good at my job. I have good savings made up to €80,000, which i would like to invest in business and work for myself.
Looking for some professional advice
According to INIS I need a business permission to run a business in Ireland, and I can only qualify for it if i would invest capital of up to €300,000 in the state.
Could anyone advice what is the other possibilities to overcome the situation?
I possibly have a Irish partner who can go into partnership with me, just want get the facts right before I approach him with my venture.
I have a family with 1 kid(2 year). My wife works as an accountant, who will be a good support to look into my financial matters.
I am a bit confused as to wait for some time(2 years) until I get my residency in Ireland and rather invest the money in property( as we still live in rented accommodation) or go with the gut instinct.
We approached the bank for a mortgage for a house loan but they would only consider our application if we have a stamp 4 (Irish residency),which is applied, and would take at least 2 years for the process.
In a complete dilemma!
Whether to go for the business or get the possible funds and buy a house and think about business at later stage