On February 14 local time, the Irish government's official website announced that the Immigrant Investor Programme (IIP) will be closed after business hours today (February 15, 2023).
The subsequent arrangements for existing immigrant investor projects are as follows:
1. Clients who have already submitted applications and are awaiting approval will not be affected.
2. Clients who have already signed contracts and locked in investment/donation projects but have not yet submitted their applications will not be affected. However, they must complete their submissions as soon as possible.
3. For projects that have not yet reached their full quota of investors, the immigration authorities will provide a grace period until the quotas are exhausted.
Specific arrangements regarding the closure and the phase-out of the program will also be published by the Irish government on the official website of the Immigration Service Delivery. WorldWay Group will continue to monitor the situation and will share any new information with you immediately.
In short, the Irish Immigrant Investor Programme is now in its final golden application period. Projects are limited, and all applicants will likely concentrate on the remaining projects that have not yet reached their full capacity. For those interested in immigrating to Ireland, it is essential to seize the opportunity and secure a spot.
Many people have ideas about immigration but have never taken action. As a result, while they wait, prices rise, projects are terminated, or the policies of their preferred immigration countries change, leaving them to sigh with regret.
In fact, it is not uncommon for immigration programs to be suspended or for policies to change suddenly. In 2007, the Macau real estate investment immigration program was closed; in 2015, the Hong Kong Capital Investment Entrant Scheme was suspended; in 2016, the Irish Immigrant Investor Programme increased its investment requirements; in 2017, the Hungarian Residency Bond Program was permanently terminated; in 2019, the Moldova Citizenship by Investment Program was closed; in 2021, Portugal terminated its real estate investment immigration policy in the Lisbon and Porto regions, and the fund investment amount was increased from 350,000 euros to 500,000 euros; in 2022, the UK Tier 1 Investor visa was closed, the UK Representative of an Overseas Business visa was closed, and Singapore increased its immigration investment requirements; in February 2023, the Irish Immigrant Investor Programme (IIP) was closed; and effective May 1, 2023, the investment amount for the Greek Golden Visa program will increase to 500,000 euros.
Furthermore, there are reports that immigration programs in Spain and Portugal may also undergo policy changes, as the thresholds for European immigration countries are gradually tightening. These successive policy changes are like a relay race, and while no one can be certain of what the future holds, this change in Ireland is certainly not the end! If you hesitate, you may miss the best timing and potentially lose the opportunity entirely.
The two key elements of immigration are timing and choice! Those who have seized the policy dividends have already realized their immigration dreams, while investors who have missed out should seize the present and act quickly. Therefore, it is recommended that applicants interested in investment and immigration plan as early as possible, seize the opportunity, and submit their applications promptly. The application window under the current policy may be limited, and taking immediate action is the best strategy for those in need!
For investors interested in immigrating to Ireland, you can currently obtain Irish residency for your whole family by investing in a donation project recognized by the Irish government, with a donation of only 500,000 euros (a discounted rate of 400,000 euros is available for group donations). There are still a few precious spots left in the project, so please act quickly.
For more details, please send us a private message in the comments section or call the WorldWay service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
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