Saturday August 8, 2020

Unease at ‘serious damage done’ by Trump presidency leads American families to invest €1m for Irish residency

The Irish Diaspora Loan Fund is being contacted by an increasing number of potential American investors in Ireland who have misgivings about the direction of the US

Aiden Corkery

Political Correspondent

@aiden_corkery
2nd August, 2020
Joanna Murphy, Irish Diaspora Loan Fund. Picture: Paul Sherwood

Americans worried about Donald Trump’s performance as US president are believed to be behind a jump in applications for an investment fund which offers Irish residency to wealthy foreigners.

The Irish Diaspora Loan Fund (IDLF) offers investors and their families five years of residency in Ireland in exchange for a minimum €1 million investment. The fund uses the money to offer low-interest loans to Irish family-run hotels outside Dublin.

While the IDLF has...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The death of the peacemaker has drawn tributes not just from his friends but also from one-time political opponents, showing the esteem in which he was held

Michael Brennan | 4 days ago

Junior minister Ossian Smyth’s comments come after his party colleague Neasa Hourigan resigns as chief whip over her controversial vote

Daniel Murray | 6 days ago

O’Dea hits out at Fine Gael on ‘bonkers’ pay rises and state car controversy. Green TD warns colleagues ‘we can’t have it all our own way on every issue'

Aiden Corkery | 6 days ago