Dáil Éireann Debate, Tuesday - 26 April 2022
1312. Deputy Ged Nash asked the Minister for Justice the number of applications that have been made to the Immigrant Investor Programme by Belarusian citizens in each of the years 2019 to 2022; the number of Belarusian citizens who had their application successfully approved under the programme in the same period, in tabular form; and if she will make a statement on the matter. [21127/22]
View answerI can confirm to the Deputy that there were no applications submitted to the Immigrant Investor Programme (IIP) from Belarusian nationals in any of the requested years.
The 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.
Successful applicants under the programme and their nominated family members are 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, 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.
