Ireland - Live and Invest Overseas · At A Glance • Population – 4.7 million (July 2011 est.)...
Transcript of Ireland - Live and Invest Overseas · At A Glance • Population – 4.7 million (July 2011 est.)...
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Ireland
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www.liveandinvestoverseas.com © 2011 Live and Invest Overseas, Inc.
Ireland
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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
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Dublin, Ireland
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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
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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/
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Property Costs
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3 Bedroom Cottage in Clifden Glen Development, County Galway: 3 bedrooms (83 M2) for € 69,000 or US$91,475
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Property Costs
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Two Bedroom Traditional Farmhouse in Macroom Town, County Cork: 95 M2 for € 50,000 or US$66,286
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Property Costs
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One Bedroom Stone Cottage in Kenmare, a Town in County Kerry: € 80,000 or US$106,058
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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
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Ireland Pros
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Beautiful Scenery
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Ireland Pros
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St. Patrick’s Day in Dublin
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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)
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Ireland Cons
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Tractors on the road outside Mitchelstown in County Cork
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Ireland Cons
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Storm at Old Keep
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Residency
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Citizens of the United States and Canada do not need a visa to
enter Ireland.
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Residency
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• 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
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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.
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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…
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Accessibility
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Retiree Benefits
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No specific retirement benefits. However, resident seniors 66 or over get free travel on State transportation (buses, rail, and the Dublin ‘metro’).
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Retiree Benefits
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Lismore Castle in Waterford, Ireland
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Recreation • Sightseeing • Bicycling • Tons of festivals • Pubs
• Shopping • Going to the theatre • Hiking • Touring the castles • Golfing
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Is Ireland For You?
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Dublin at Night
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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
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Is Ireland For You?
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