507. Deputy Paul Kehoe asked the Minister for Justice and Equality if there is a register of investors approved under the visa investment programme that can be supplied to those that are seeking investment; and if he will make a statement on the matter. [19290/19]
Minister for Justice and Equality (Deputy Charles Flanagan): The Immigrant Investor Programme (IIP) was introduced by the Irish Government in 2012 to encourage inward investment for the creation of business and employment opportunities in the State. The IIP is designed to encourage investors and business professionals from outside the European Economic Area (EEA) to avail of opportunities of investing and locating their business interests in Ireland and acquire a secure residency status in Ireland.
In order for a person to make a successful application under the IIP, at the time of their application the investor must identify the investment opportunity that they wish to pursue. There are four investment options open to investors, which are Enterprise Investments, Investment Funds, Real Estate Investment Funds (REIT) and Endowments.
An applicant under the IIP cannot be approved unless the investment opportunity identified is in accordance with the objectives of the Programme. Consequently, there are no circumstances in which a person can be granted a permission under the IIP where they have yet to identify an investment opportunity and as such there is no register of pre-approved investors who are seeking investment opportunities. While a register of approved applications is maintained by the Irish Naturalisation and Immigration Service, it would not be appropriate for such personal, confidential or commercially sensitive information to be made available to third parties.