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:

We have moved away almost entirely from the investment programme in enterprises such as hotels, etc. That type of investment was made with the goal of job creation or retention or where it might have made the difference between a hotel surviving. It was viewed as a capital injection to allow such enterprises to survive. Many were family businesses which were the focus at the time. The scheme in the early days was about job creation. We have not considered further investment in hotels, apart from one or two carried over from the very early days of the scheme. I do not remember any new such scheme being considered in the past 12 months.

Comments

No comments

Log in or join to post a public comment.