Irish Attorney General Simon Harris said the program was no longer “up to date”.
Starting tomorrow, February 15, applications under the Immigrant Investor Program (IIP) will no longer be accepted. This was said by the Minister of justice of Ireland, Simon Harris, according to RTE.
According to him, the program has been evaluated for “quite a long time” and now a decision has been made to end it, because this program no longer “matches the current era.”
It was learned that the Immigrant Investor Program was established in 2012. He offered to obtain a residence permit in Ireland in exchange for investment to create jobs. The requirement for candidates is a fortune of at least two million euros. Applicants must have invested at least one million euros over three years. They can also offer €500,000 as part of a donation to a charitable foundation or €400,000 as a donation to a public benefit project in the arts, sport, health, culture or education in Ireland. The money must be provided directly from the applicant’s own resources.
Recently, a large number of applications for participation in the program came from China.
Earlier it was reported that Portugal is denying Russians the “golden visa”.
Remember that the UK has closed the “golden visas” program. Interior Minister Priti Patel said the proposal marks the start of a “continuing fight against illicit financing and fraud.”
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I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.