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.
Over 1,600 applications have been successful under the IIP to date with the value of investments approved over €1bn. The table below provides a breakdown of IIP primary applicants approved by nationality since the inception of the programme to the end of September 30th 2022.
|
-
|
|
|
Nationality
|
Applications approved
|
|
China
|
1,511
|
|
USA
|
31
|
|
Vietnam
|
12
|
|
Saudi Arabia
|
5
|
|
South Africa
|
4
|
|
Rest of the World
|
50
|
|
TOTAL
|
1,613
|
All projects which IIP applicants are investing in are also examined in great detail by an Independent Evaluation Committee comprising key officials from my Department, the Department of Finance, the Department of Foreign Affairs, Enterprise Ireland and IDA Ireland who have appropriate corporate expertise in this area. This examination process involves an assessment of the commercial viability of the project; employment outcomes associated with the proposed investment; and the overall benefit to the Irish State. The Committee makes a determination as to whether a project is suitable for IIP investment and if deemed suitable, the individual application will be submitted to me for final approval.
My Department does not currently publish the details of individual approved IIP investments. The tables below provides a breakdown of IIP applications received, approved and the value of investments since the inception of the programme to end of September 30th 2022. Approvals issued in any year may relate to applications which were received in previous years due to the time taken to process applications.
|
-
|
|
|
|
|
Year
|
Applications received
|
Approved applications
|
Value of Approved Investment
|
|
2012
|
5
|
2
|
1,500,000
|
|
2013
|
18
|
16
|
12,200,000
|
|
2014
|
30
|
8
|
2,950,000
|
|
2015
|
75
|
71
|
38,300,000
|
|
2016
|
334
|
33
|
18,750,000
|
|
2017
|
324
|
373
|
250,700,000
|
|
2018
|
423
|
156
|
138,750,000
|
|
2019
|
443
|
237
|
209,300,000
|
|
2020
|
339
|
270
|
188,000,000
|
|
2021
|
258
|
265
|
185,700,000
|
|
2022 End Sept
|
812
|
192
|
132,100,000
|
|
TOTAL
|
3061
|
1623
|
1,178,250,000
|
|
-
|
|
|
|
Investment Type
|
Total Applications Approved
|
Total Value of Investment
|
|
Enterprise
|
842
|
703,000,000
|
|
Investment Fund
|
235
|
217,000,000
|
|
REIT
|
6
|
12,000,000
|
|
Endowment
|
474
|
192,300,000
|
|
Bond & Mixed Investment
|
56
|
53,950,000
|
|
TOTAL
|
1,613
|
1,178,250,000
|
