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Immigrant Investor Programme Data

Dáil Éireann Debate, Friday - 6 September 2019

Friday, 6 September 2019

Questions (547)

Jim O'Callaghan


547. Deputy Jim O'Callaghan asked the Minister for Justice and Equality his plans to speed up the process by which applications are made under the immigrant investor programme; and if he will make a statement on the matter. [34807/19]

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Written answers (Question to Justice)

I am advised by the Immigration Service of my Department that, in 2019, processing times for applications will be between 6-9 months.  I am advised that timeframe compares very favourably to international peers, some of whom operate a decision-making framework of between 12 and 24 months.

Successful applicants under the Immigrant Investment Programme and their nominated family members may be granted a residence permission in Ireland under Stamp 4 conditions. Stamp 4 conditions permit non-EEA nationals to work, study or start their own businesses in Ireland. Therefore, given the significant immigration benefits accruing and to ensure the highest degree of transparency and accountability for the programme, it is essential that all applications are subject to enhanced levels of due diligence processes in respect of both personal and financial checks to protect the State's interests.