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:

By definition, if one does not have a net worth valued at €2 million, one does not qualify for the scheme, but it must provide benefits to the State. The scheme is not there for the benefit of the applicant; it is there to provide benefits to the State. We have moved where we have targeted those benefits over the period, so if a point is reached at which those benefits do not outweigh the value of the immigration permission, one would have to question its continuance.

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