Important Updates
Important Updates
September 29, 2025 | IrelandIreland: Prompt Residence Permit Renewal Necessary to Ensure Christmas Travel
September 30, 2025 | PolandPoland: Mandatory Online Processes Implemented for Work Permits and Contract Submission
September 30, 2025 | ThailandThailand: Board of Investment Work Permit Application Process Consolidated
September 29, 2025 | United States, United KingdomGlobal Mobility Lawyer: Lawyers Try to Make Sense of Trump’s Confusing H-1B Fee Hike
September 29, 2025 | IndiaIndia: Electronic Arrival Card to Replace Paper Disembarkation Card
September 29, 2025 | IrelandIreland: Prompt Residence Permit Renewal Necessary to Ensure Christmas Travel
September 30, 2025 | PolandPoland: Mandatory Online Processes Implemented for Work Permits and Contract Submission
September 30, 2025 | ThailandThailand: Board of Investment Work Permit Application Process Consolidated
September 29, 2025 | United States, United KingdomGlobal Mobility Lawyer: Lawyers Try to Make Sense of Trump’s Confusing H-1B Fee Hike
September 29, 2025 | IndiaIndia: Electronic Arrival Card to Replace Paper Disembarkation Card
September 29, 2025 | IrelandIreland: Prompt Residence Permit Renewal Necessary to Ensure Christmas Travel
Subscribe
Fragomen.com home
Select Language
  • English
  • French
  • French - Canadian
  • German

Select Language

  • English
  • French
  • French - Canadian
  • German
ContactCareersMediaClient Portal
Search Fragomen.com
  • Our Services
    For EmployersFor IndividualsBy IndustryCase Studies
  • Our Tech & Innovation
  • Our People
  • Our Insights
    Worldwide Immigration Trends ReportsMagellan SeriesImmigration AlertsEventsMedia MentionsFragomen NewsBlogsPodcasts & Videos
  • Spotlights
    Navigating Immigration Under the Second Trump AdministrationTravel & Mobility Considerations: Situation in the Middle EastImmigration Matters: Your U.S. Compliance RoadmapHumanitarian and Evolving Legal Pathways (HELP)Vietnamese ImmigrationView More
  • About Us
    About FragomenOfficesResponsible Business PracticesFirm GovernanceRecognition

Our Services

  • For Employers
  • For Individuals
  • By Industry
  • Case Studies

Our Tech & Innovation

  • Our Approach

Our People

  • Overview / Directory

Our Insights

  • Worldwide Immigration Trends Reports
  • Magellan Series
  • Immigration Alerts
  • Events
  • Media Mentions
  • Fragomen News
  • Blogs
  • Podcasts & Videos

Spotlights

  • Navigating Immigration Under the Second Trump Administration
  • Travel & Mobility Considerations: Situation in the Middle East
  • Immigration Matters: Your U.S. Compliance Roadmap
  • Humanitarian and Evolving Legal Pathways (HELP)
  • Vietnamese Immigration
  • View More

About Us

  • About Fragomen
  • Offices
  • Responsible Business Practices
  • Firm Governance
  • Recognition
Select Language
  • English
  • French
  • French - Canadian
  • German

Select Language

  • English
  • French
  • French - Canadian
  • German
ContactCareersMediaClient Portal
  • Insights

Ireland: Immigrant Investor Program Closed for New Applications

February 14, 2023

insight-news-default

Country / Territory

  • IrelandIreland

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

At a Glance

  • Effective February 15, 2023, at close of business, the Immigrant Investor Program (IIP) will close to new applications.
  • Projects or individuals already approved under the IIP will not be affected and applications still under review as of that time will still be processed.
  • Further, there are some projects which have not been formally submitted but which have been developed following contact with the IIP Unit of the Department of Justice. These projects will have three months to finalize and submit their applications.
  • Additionally, investment funds approved and regulated by the Central Bank and the IIP which have not yet reached their minimum target size or subscription level will have three months to submit any remaining applications.

The situation

Effective February 15, 2023, at close of business, the Immigrant Investor Program (IIP) will close to new applications.

A closer look

Details of how the closure affects different projects or applications are as follows:

Application Type Impact
Currently approved projects or individuals
    • Projects or individuals already approved by the IIP will not be affected by the closure of the program to new applications.
    • These projects will continue to be able to source new investors to complete the funding of already approved projects.
    • The government expects to process these applications as quickly as possible and no later than the timeframe set out in their business plan, although short extensions may be granted at the discretion of the Minister of Justice.
Submitted applications
    • Individuals or projects who have submitted their IIP applications to the Evaluation Committee (new or previously approved projects) will still have their applications processed.
    • There are currently approximately 1,500 of these applications before the committee.
Pending applications
    • There are some projects which have not been formally submitted but which have been developed following contact with the IIP Unit of the Department of Justice. These projects will have three months to finalize and submit their applications.
IIP investment funds
    • Investment funds which have been approved and regulated by the Central Bank and approved by the IIP which have not yet reached their minimum target size or subscription level will be given three months for any further IIP applications to be made to these funds.

Background

  • Inception of IIP. The IIP was introduced in 2012 to encourage investors and business professionals from outside of the European Economic Area to invest in and locate their business interests in Ireland. In return, investors and family members received permission to reside in Ireland.
  • Eligibility for IIP. Applicants to the IIP were required to have personal wealth of at least EUR 2 million and the IIP required applicants to invest money coming from the applicant’s own resources, that were not financed by a loan.
  • Investment routes under IIP. Potential investors had four investment options:
    • Enterprise investment. A minimum of EUR 1 million investment in an Irish enterprise for at least three years.
    • Investment fund. A minimum of EUR 1 million investment in an approved investment fund which was approved and regulated by the Central Bank, for at least three years.
    • Real Estate Investment Trusts (REIT). A minimum of EUR 2 million in any Irish REIT listed on the Irish Stock Exchange for at least three years.
    • Endowment. A minimum of EUR 500,000 (or EUR 400,000 where five or more applications were received as part of a joint endowment) philanthropic donation to a project of public benefit to arts, sports, health, culture or education.
  • Rationale for closure. The program is no longer considered to be necessary to improve Ireland’s economy, as it was in 2012.

Looking ahead

The Department of Justice will be publishing detailed information relating to the winding down of the scheme.

Although the IIP will close, entrepreneurs can still apply to the Start-Up Entrepreneur Program which allows individuals with innovative companies intending to serve international markets from Ireland to locate their start-up businesses in Ireland, in return for residence permission.

This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].

Country / Territory

  • IrelandIreland

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Share

  • Twitter
  • Facebook
  • LinkedIn

Explore more at Fragomen

Video

How to Get Your French Work Visa After Graduation: Job Seeker / Company Creation Permit

Learn how international graduates can stay in France for one year to find work or start a business. Discover eligibility requirements, application steps and transition options for the Job Seeker/New Business Creator permit. 

Learn more

Media mentions

Global Mobility Lawyer: Lawyers Try to Make Sense of Trump’s Confusing H-1B Fee Hike

Partner Bo Cooper explains that while new H-1B fees affect future petitions, US opportunities for international talent remain highly valued.

Learn more

Blog post

UAE Golden Visa: Work Permit Requirements for Employers and Professionals

Assistant Manager Charo Medida explains the work permit requirements for employers and professionals under the UAE Golden Visa programme.

Learn more

Media mentions

Business Insider: Trump's $100,000 Visa Fee Threatens Wall Street's Pipeline of Junior Bankers and Tech Talent

Partner Bo Cooper explains how proposed H-1B fee and lottery changes impact hiring of skilled international talent across sectors.

Learn more

Media mentions

Asharq Al Awsat: السعودية تمضي مع «رؤية 2030» بدعم التصنيع والتوطين وتوسع الاقتصاد

Partner Haider Hussain underlines the role of talent mobility in shaping future growth sectors in the Kingdom.

Learn more

Fragomen news

Fragomen Spotlighted in Financial Times for 2025 Innovative Lawyers Europe Awards

Fragomen is recognised by the Financial Times for its innovative work in workforce mobility and cross-sector collaboration.

Learn more

Media mentions

Investopedia: ICE Crackdowns Are Changing Workplaces: 37% of Americans Report Feeling Less Safe at Work

Partner Daniel Brown outlines steps companies can take to support employees and maintain smooth operations during compliance-related situations.

Learn more

Awards

The Best Law Firms™ in Germany 2026 Recognizes Fragomen

Fragomen has been recognized in the 2026 edition of The Best Law Firms™ in Germany, earning a Regional Tier 1 ranking in Hessen for Labor and Employment Law.

Learn more

Media mentions

Khaleej Times: $100,000 H-1B Visa Fee to Boost Demand for UAE's Golden, Freelance, Remote Work Visas

Partner Shayan Sultan discusses a rise in inquiries about UAE residency and remote work programmes amid global talent mobility trends.

Learn more

Media mentions

Personnel Today: Sponsor Licence Revocation: What HR and Mobility Leaders Need to Know

Partner Rajiv Naik, Senior Manager Thomas Kingsmill and Manager Ko Ito highlight rising UK sponsor licence revocations and how HR and mobility leaders can manage the impact.

Learn more

Media mentions

Reuters: Financial Firms to Feel Outsized Impact From Trump's H-1B Overhaul

Partner Bo Cooper discusses the $100,000 H-1B fee and its impact on financial, banking and technology firms relying on international talent.

Learn more

Media mentions

CNBC: Europe’s Work-Life Balance a Key Talent Draw as Trump Revamps H-1B Visa

Partner Louise Haycock highlights how the UK's immigration system and Skilled Worker visa changes support employers in planning talent pipelines.

Learn more

Video

How to Get Your French Work Visa After Graduation: Job Seeker / Company Creation Permit

Learn how international graduates can stay in France for one year to find work or start a business. Discover eligibility requirements, application steps and transition options for the Job Seeker/New Business Creator permit. 

Learn more

Media mentions

Global Mobility Lawyer: Lawyers Try to Make Sense of Trump’s Confusing H-1B Fee Hike

Partner Bo Cooper explains that while new H-1B fees affect future petitions, US opportunities for international talent remain highly valued.

Learn more

Blog post

UAE Golden Visa: Work Permit Requirements for Employers and Professionals

Assistant Manager Charo Medida explains the work permit requirements for employers and professionals under the UAE Golden Visa programme.

Learn more

Media mentions

Business Insider: Trump's $100,000 Visa Fee Threatens Wall Street's Pipeline of Junior Bankers and Tech Talent

Partner Bo Cooper explains how proposed H-1B fee and lottery changes impact hiring of skilled international talent across sectors.

Learn more

Media mentions

Asharq Al Awsat: السعودية تمضي مع «رؤية 2030» بدعم التصنيع والتوطين وتوسع الاقتصاد

Partner Haider Hussain underlines the role of talent mobility in shaping future growth sectors in the Kingdom.

Learn more

Fragomen news

Fragomen Spotlighted in Financial Times for 2025 Innovative Lawyers Europe Awards

Fragomen is recognised by the Financial Times for its innovative work in workforce mobility and cross-sector collaboration.

Learn more

Media mentions

Investopedia: ICE Crackdowns Are Changing Workplaces: 37% of Americans Report Feeling Less Safe at Work

Partner Daniel Brown outlines steps companies can take to support employees and maintain smooth operations during compliance-related situations.

Learn more

Awards

The Best Law Firms™ in Germany 2026 Recognizes Fragomen

Fragomen has been recognized in the 2026 edition of The Best Law Firms™ in Germany, earning a Regional Tier 1 ranking in Hessen for Labor and Employment Law.

Learn more

Media mentions

Khaleej Times: $100,000 H-1B Visa Fee to Boost Demand for UAE's Golden, Freelance, Remote Work Visas

Partner Shayan Sultan discusses a rise in inquiries about UAE residency and remote work programmes amid global talent mobility trends.

Learn more

Media mentions

Personnel Today: Sponsor Licence Revocation: What HR and Mobility Leaders Need to Know

Partner Rajiv Naik, Senior Manager Thomas Kingsmill and Manager Ko Ito highlight rising UK sponsor licence revocations and how HR and mobility leaders can manage the impact.

Learn more

Media mentions

Reuters: Financial Firms to Feel Outsized Impact From Trump's H-1B Overhaul

Partner Bo Cooper discusses the $100,000 H-1B fee and its impact on financial, banking and technology firms relying on international talent.

Learn more

Media mentions

CNBC: Europe’s Work-Life Balance a Key Talent Draw as Trump Revamps H-1B Visa

Partner Louise Haycock highlights how the UK's immigration system and Skilled Worker visa changes support employers in planning talent pipelines.

Learn more

Stay in touch

Subscribe to receive our latest immigration alerts

Subscribe

Our firm

  • About
  • Careers
  • Firm Governance
  • Media Inquiries
  • Recognition

Information

  • Attorney Advertising
  • Legal Notices
  • Privacy Policies
  • UK Regulatory Requirements

Our firm

  • About
  • Careers
  • Firm Governance
  • Media Inquiries
  • Recognition

Information

  • Attorney Advertising
  • Legal Notices
  • Privacy Policies
  • UK Regulatory Requirements

Have a question?

Contact Us
  • LinkedIn
  • Youtube
  • Instagram
  • Facebook
  • Twitter

© 2025 Fragomen, Del Rey, Bernsen & Loewy, LLP, Fragomen Global LLP and affiliates. All Rights Reserved.

Please note that the content made available on this site is not intended for visitors / customers located in the province of Quebec, and the information provided is not applicable to the Quebec market. To access relevant information that applies to the Quebec market, please click here.