1. Ireland Immigrant Investor Program has closed

Since February 15th, 2023, Ireland has officially stopped accepting applications for the European Immigrant Investor Program, also known as IIP - Immigrant Investor Program. The program was launched more than a decade ago to attract international investment and solve Ireland's difficult economic problems.

The IIP has brought significant investment to the country since its issuance, said the Irish Minister of Justice. And by the end of 2022, the program has attracted EUR 1.25 billion in international investment, funding social housing projects, retirement facilities, hotel redevelopment and many more. research work of Irish universities. 

The representative of the Irish government announced the decision to stop the IIP program 

After the Irish government discussed in detail with the Council of the European Union on the regulations and constraints related to the European immigrant investor visa (Golden Visa), Ireland decided to stop accepting IIP applications to ensure the transparency of all immigration programs.

However, applications submitted before February 15th, 2023 will still be processed and reviewed normally, ensuring the interests of investors participating in the European immigration investment program.

In addition, Ireland still maintains the Start-up Entrepreneur Program (STEP), which provides a pathway to settle in this country for investor families. 

2. The Portuguese Golden Visa will expire in March

In addition to Ireland's European immigration investment program officially ending, Portugal also announced that it will stop accepting applications for the Golden Visa program on March 16th, 2023, applicable to all investment options. : real estate, fund investment and job creation. This is because the government's goals are not met. 

For the extension of the Golden Visa for investors will depend on the following conditions: the person already owns the Golden Visa through a real estate investment plan, if there is a need to extend the Golden Visa, the investor's investment they (house, apartment, construction…) must be the main residence of the investor himself, or his children, or a third party who has signed a long-term rental contract.

For investors who wish to extend after receiving the Golden Visa through other investment options, the Prime Minister and the Minister of Finance said that the above individuals can convert to other forms of resident visa. residence permit, typically a residence permit for cultural activities.

The official decision will be made and concretized into law after the debate session of the National Assembly on March 16th, 2023. 

The Golden Visa program of Portugal will officially close on march 16th, 2023 

3. What are the opportunities for investors to get a golden visa to immigrate in Europe?

The policy of the European immigration program has many changes, making it difficult for investors who intend to apply. As predicted by settlement experts, although the entry conditions may be difficult, there are still many opportunities to settle in Europe in 2023. 

Some "paths" to get citizenship that investors can consider such as the citizenship by investment program of Slovakia (directly granting a European permanent residence card), Malta, Greece.

In the situation that the opportunity to settle in Europe is gradually narrowing, the decision of investors in the urgent time plays an extremely important role. 

Investors interested in the European settlement program, please contact iCanfield via hotline 028 3922 0285 or inbox iCanfield Vietnam fanpage to receive the earliest advice.