Dáil Éireann Debate, Thursday - 25 June 2026
359. Deputy Michael Cahill asked the Minister for Justice, Home Affairs and Migration to reopen the Immigrant Investor Programme (IIP) with all the correct protocols in place (details supplied); and if he will make a statement on the matter. [48590/26]
Amharc ar fhreagraThe Immigrant Investor Programme (IIP) was introduced in 2012 at a time when Ireland was seeking to attract inward investment and stimulate economic activity.
The Deputy will be aware that the IIP was closed to new applications with effect from 15 February 2023. The decision to close the programme followed a comprehensive review and reflected wider policy considerations, including recommendations at European level regarding residency by investment schemes. In line with that Government decision, which provided inter alia for the orderly wind-down of the programme, my Department has continued to process applications for immigration permissions in respect of approved investments i.e. investments in project proposals which were submitted prior to the closure of the programme and which have been subsequently approved by the IIP Independent Evaluation Committee.
The Government remains committed to attracting foreign direct investment and supporting economic development across the country. However, the State's approach is focused on sustainable investment, job creation and enterprise development through a range of established channels, including the work of agencies such as IDA Ireland and Enterprise Ireland.
At present, there are no plans to reintroduce the IIP or establish a scheme to replace it.
