Dáil Éireann Debate, Wednesday - 7 February 2024
327. Deputy Cormac Devlin asked the Minister for Justice for an update on how many applications are currently being processed by her Department under the Immigrant Investor Programme; what is the timeline for assessing and processing them, and when are they all likely to be processed by; and if she will make a statement on the matter. [5063/24]
View answerAs the Deputy will be aware, the Government agreed to close the Immigrant Investor Programme (IIP) to further applications from 15 February 2023.
There has been an unprecedented level of applications to the Programme in recent years and it is hoped in the coming months that we will be in a better position to understand the impact this will have on the likely timeframes within which final decisions on projects will be made. As the position becomes clearer, my Department will seek to communicate how we anticipate projects will progress and will make every effort to share that information in as timely a manner as possible.
Currently, my Department has approximately 2,700 investor applications on hand.
I am advised that the IIP Unit are committed to exploring any new ways of working that could expedite the examination of project applications and reduce the overall timeframe for decisions.
I can advise the Deputy that updated information in relation to the winding down of the Programme and the processing of applications has recently been published on my Department’s website and an updated FAQ is now available also. Both are available at the following link: www.irishimmigration.ie/processing-of-iip-applications-on-hand-following-the-closure-of-the-programme/ .
