Michael McGrath (Cork South Central, Fianna Fail)
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558. To ask the Tánaiste and Minister for Justice and Equality if there are circumstances in which a non-national person legally living here under a time limited visa may be eligible to be considered under the immigrant investor programme provided all qualifying conditions are met; if it is the case the person cannot be here at the time of the application; and if he will make a statement on the matter. [16029/18]

Charles Flanagan (Laois, Fine Gael)
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The Immigrant Investor Programme (IIP) provides the non-EEA investor with the opportunity to invest in the State. Applicants for the IIP must have a minimum net worth of €2 million of which at least €1.0 million must be available for the investment, excluding for investment in a Real Estate Investment Trust (REIT) which requires a minimum €2.0 million. In addition, the funds invested must be legally acquired and owned by the investor. It is also essential that the applicant be of good character.  Further criteria is published on the INIS website www.inis.gov.ie

It is not a condition of the IIP that applications must be made from outside the State.  However it should be noted that the IIP application process can take approximately 16-18 weeks in total and there is no guarantee that the prospective investor's application will be successful. 

Accordingly it is important that a non national applicant who is resident in the State ensures that their immigration permission is kept up to date at all times.