Written answers
Tuesday, 20 March 2018
Department of Justice and Equality
Immigrant Investor Programme Data
Niall Collins (Limerick County, Fianna Fail)
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357. To ask the Tánaiste and Minister for Justice and Equality the number of immigrant investor programme applications per annum since 2012; the value under each investment option; his plans to review thresholds to the scheme; the number of jobs created directly and indirectly relating to the scheme under each investment option; and if he will make a statement on the matter. [12728/18]
Charles Flanagan (Laois, Fine Gael)
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I am advised by the Irish Naturalisation and Immigration Service (INIS) of my Department that the number of applications per annum under each option of the immigrant investment programme, and the value under each option, is set out in the table:
| Year | Endowment | Enterprise | Mixed Investment | Bond | Other |
|---|---|---|---|---|---|
| 2012 | 2 (€1.0m) | 3 (€3.0m) | - | - | - |
| 2013 | 2 (€1.0m) | 9 (€4.5m) | 7 (€ 5.25m ) | 2 (€2.0m) | - |
| 2014 | - | 26 (€13.0m ) | 3 (€2.25m) | 1 (€1.0m ) | - |
| 2015 | 1 (€0.5m) | 56 (€28.0m) | 4 (€3.0m) | 3 (€3.0m ) | 3 (€1.5m) Fund |
| 2016 | 5 (€2.0m) | 249 (€124.5m) | 28 (€21.0m) | 10 (€10.0m) | 24 (€24.0m)Fund 1 (€2.0m)REIT |
| 2017 | 46(€19.2m) | 261(€261.0m) | - | - | 26(€26.0m) Fund 1 (€2.0m) REIT |
As the table shows, the number of applications received in 2015 of 67 increased in 2016 to 317, an almost 500% increase. This rate of applications continued in 2017, with 334 applications received. I have no plans to alter the thresholds to the scheme at the moment, however I am keeping the programme under review.
I am advised that INIS does not have details on the number of jobs created either directly or indirectly under the various investment options.
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