Written answers

Tuesday, 22 March 2022

Department of Justice and Equality

Departmental Schemes

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein)
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782. To ask the Tánaiste and Minister for Justice and Equality the number of applications from and visas awarded to Chinese investors applying through the Immigrant Investor Programme, disaggregated by IIP investment option Enterprise Investment, Investment Fund, Real Estate Investment Trusts and Endowment with the amounts invested in each option in each of the years 2016 to 2021, in tabular form; and if she will make a statement on the matter. [14998/22]

Photo of Helen McEnteeHelen McEntee (Meath East, Fine Gael)
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The Immigrant Investor Programme (IIP) was introduced in April 2012 to encourage inward investment and create business and employment opportunities in the State. The IIP provides investors with the opportunity to invest in Ireland. Key to the IIP is that the investments are beneficial for Ireland, generate or sustain employment and are generally in the public interest. To date, more than 1,400 IIP applications have been approved for investment with a value of over €1 billion.

The information requested by the Deputy is provided in the table below.

Year Chinese applications received Chinese approved applications Value (number) approved Enterprise
2016 284 223 €95.5m (184)
2017 308 224 €123.5m (125)
2018 412 249 €172m (173)
2019 412 287 €90m (90)
2020 313 234 €74m (74)
2021 243 56 €29m (29)
TOTAL 1,972 1,273 €584m (675)
Year Value (number) approved Investment Fund Value (number) approved REITs Value (number) approved Endowment
2016 €17m (34) 0(0) €2.2m (5)
2017 €62m (62) 0(0) €130.5m(37)
2018 €23m (23) €2m(1) €190.5m (52)
2019 €45m (45) €8m(4) €59.5m(148)
2020 €35m (35) 0(0) €50.1m (125)
2021 €5m (5) 0(0) €88m(22)
TOTAL €187m(204) €10m (5) €520.8m (389)

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