Seán Canney
Question:373. Deputy Seán Canney asked the Minister for Justice the status of a matter (details supplied) regarding the immigrant investment programme review. [5694/22]
View answerThursday, 3 February 2022
Questions (373)
Written answers
The Immigrant Investor Programme (IIP) was introduced in April 2012 to encourage inward investment and create business and employment opportunities in the State. The programme provides investors with the opportunity to invest in Ireland. Key to the programme is that the investments are beneficial for Ireland, generate or sustain employment and are generally in the public interest. To date, more than 1,400 IIP applications have been approved for investment with a value of over €1 Billion.
The IIP has been subject to a number of reviews, both internal and external, in recent years and the second phase of the review referred to by the Deputy is being considered by my officials. Any actions and recommendations beneficial to the programme will be assessed and evaluated and consideration will be given to their introduction.
In the meantime, applications to the IIP continue to be accepted and examined by an independent Evaluation Committee and, where assessed positively, are submitted to me for approval.