Tuesday, 12 October 2021
Department of Justice and Equality
449. To ask the Tánaiste and Minister for Justice and Equality further to Parliamentary Questions Nos. 257, 258, 259 and 260 of 27 May 2021, if she has considered the second phase of the IIP review; and the actions she will now take based on the review in its entirety. [49542/21]
The Immigrant Investor Programme (IIP) was introduced in April 2012 to encourage inward investment and create business and employment opportunities in the State. The programme provides investors with the opportunity to invest in Ireland. Key to the programme is that the investments are beneficial for Ireland, generate or sustain employment and are generally in the public interest. To date, more than 1,300 IIP applications have been approved for investment with a value of over €860 million.
As previously advised, the IIP has been subject to a number of reviews, both internal and external, in recent years and the second phase of the review referred to by the Deputy is being considered by my officials and will be submitted to me thereafter. Any actions and recommendations beneficial to the programme will be assessed and evaluated and consideration will be given to their introduction.
In the meantime, applications to the IIP continue to be accepted and examined by an independent Evaluation Committee and, where assessed positively, are submitted to me for approval.