Oireachtas Joint and Select Committees

Wednesday, 11 July 2018

Joint Oireachtas Committee on Justice, Defence and Equality

Immigrant Investor Programme and International Protection Applications: Discussion

9:00 am

Mr. Michael Kirrane:

I am not aware of any such examples. It is still early days in terms of when the review will take place but I am aware of one or two investments in a fund that did not take off and were allowed to move to another investment because the investor was not at fault. For example, if a total of five investors were required to reach a particular limit for the amount of the investment and that did not materialise, we would allow the investors who had already submitted applications to move to another option.

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