Republic of Ireland Law
Republic of Ireland Law Questions Answered by Experts
1. Firstly, as the son of an Irish man you can apply for Irish citizenship for yourself. Go to www.inis.gov.ie, the website of the Irish Naturalisation& Immigration Service and you will find details on how to apply as the son of an Irishman. Secondly, the only difference in owning property personally as an Irish citizen as compared with owning it as a US citizen is that the consent of the Minister for Finance under section 45 of the Land Act is needed if you are a non-EU citizen such as a US citizen. So property ownership is much easier in your own personal name if you take out irish citizenship, to which you are entitled.
2. Thirdly, it is much easier to hold property in Ireland if it is held by an Irish constituted trust as opposed to a US trust or a trust from another Non EU jurisdiction. This is again because the consents of both the Minister for Finance under section 45 and the Commissioner for Charitable Donations & Bequests (now Charity commissioners) if you are a non EU trust if you wish to hold Irish property within that trust. You should also realise that owing to recent legislative developments, the concept of charity is very widely drawn in Ireland. Most schemes with a charitable element qualify for tax relief. However, I would advise you to think out what you want to achieve with the trust or personal ownership before electing which option to take.