Ireland’s Immigrant Investor Program will be discontinued

Ireland’s Immigrant Investor Program will be discontinued

The Irish Immigrant Investor Program will no longer be active as of February 15, 2023, according to a statement by Ireland’s Minister for Justice, Simon Harris.

Launched in 2012, the Ireland Immigrant Investor Program allowed applicants to obtain Irish residency (and EU mobility) if they received an investment or donation to the country’s economy and an estimated personal net worth of at least €2 million . The program has attracted investment in Ireland of over €1.17 billion since inception.

In early 2022, the European Parliament warned the country that its program was particularly vulnerable to tax evasion and abuse by applicants – while the volume of applications reportedly tripled in the first nine months of 2022, according to media reports. Last year, the Irish Department of Justice raised concerns about the scheme and launched a review.

The program’s surge in popularity in 2022 was seen as a result of its seemingly imminent suspension, which is now taking effect as expected. The majority of applicants to the program are Chinese nationals, with a staggering 94% of all applicants coming from China since the program started. In 2022, only 14 out of 1,316 applications were from non-Chinese nationals.

The decision to end the program marks the end of an era for the country and its investors. However, Irish immigration authorities will continue to process applications from applicants who are already in the process but will no longer accept new applications.

The Irish decision is the result of a year-long review

The program has been under review by the Department of Justice for a year, which has just concluded with the announcement of its completion.

If you’re thinking about leaving the country but don’t know where to start, our GCI UNT Worldwide team is here to help.

We’ve helped hundreds of people move their businesses overseas, legally reduce their taxes, and become dual citizens. We are focused on high-net-worth individuals and their families as well as corporations wishing to invest their offshore companies or even secure their wealth in offshore financial centers around the world. We will help you to find the best solution for setting up an offshore or onshore company. Another special area of our full-service consulting is the investment opportunity and solution in Europe, especially in the Balkans, Africa, Asia, UAE, the Caribbean and the Pacific.

If you are looking for it, please feel free to contact us. We create a holistic plan that serves your purpose.

The Global Citizenship Investment Worldwide Group is a leading professional International Business Investment and Advisory Firm for Foreign Economic Relations, with 17th. departments in different Countries and the Headquarter in Malaysia.

(GCI UNIT Worldwide), designs and implements customized, holistic strategies for successful investors and entrepreneurs to legally reduce their tax bills, diversify and protect their wealth, invest abroad, gain a second citizenship and live a freer life worldwide to lead.


GCI firm is a professional International Business Investment and Advisory Firm for Foreign Economic Relations. Our range of services includes:

  • Offshore and Onshore Company Formation,
  • international Business & Management
  • Citizenship & Residency
    Advice on residency and citizenship by investment programs, VIP citizenship programs in cooperation with more than 70 countries
  • Investments & Corporate Financing
  • Advisory for Foreign Economic Relationship
  • Diplomatic Consultancy & Public Affairs

If you would like to discuss your internationalization and diversification plans, book a consulting session* or email us under:  [email protected]

*A counseling session is a conversation about your portfolio and goals. It does not constitute legal, financial, tax or investment advice.

Department GCI – Unit Global Citizenship Investment (GCI worldwide)

by TCME Worldwide Group – Global Investments –

Level 33, Ilham Tower, 8 Jalan Binjai,

Kuala Lumpur 50450, Malaysia

Phone: +66 99091 8357 also for WhatsApp