Financially Independent Residency Permission in Ireland

Ireland offers a Stamp 0 residency permission for individuals with independent financial means who wish to reside in the country without engaging in employment or business activities.

What is Stamp 0 Residency?

Stamp 0 is a temporary, low-level immigration permission that allows financially self-sufficient individuals to live in Ireland. It does not grant permanent residency, work rights, or access to social assistance, but it enables eligible applicants to legally reside in the country.

Once granted, Stamp 0 holders must reside in Ireland continuously, with allowances for short-term absences due to holidays or exceptional family circumstances.

Eligibility and Financial Requirements

To qualify for Stamp 0, applicants must demonstrate:

  • A minimum annual income of €50,000 per person
  • A lump sum of approximately €100,000 to cover unforeseen expenses

The lump sum requirement is based on the estimated cost of purchasing a property in Ireland, though actual prices vary by location.

Required Financial Documentation

Applicants must submit:

  • Detailed financial records in tabular format, converted into euros
  • Proof of monthly income and expenditure
  • Bank statements and supporting financial documents
  • Certification from an Irish-based accountant with expertise in overseas banking

Only readily accessible funds or pension income will be considered—invested sums are not accepted.

Additional Requirements for Stamp 0

Alongside financial proof, applicants must also provide:

  • A police clearance certificate
  • Private medical insurance with full coverage in private hospitals

Applying for Stamp 0 Residency

  • All applications must be submitted from outside Ireland
  • Visa-required nationals must apply for an entry visa once Stamp 0 is approved
  • Non-visa-required nationals do not need an entry visa but must register with local immigration authorities upon arrival

Stamp 0 is a popular option for retirees and financially independent individuals seeking to experience Irish life while adhering to strict immigration conditions.