Bartra lobbied to cut cash-for-residency sum to lure more investors

Irish Times | Jan 29, 2021 at 6:10 AM
  • Developer Bartra urged the Government to cut the minimum payment required by a State cash-for-residency scheme to €500,000 from €1 million to lure extra investment to the Republic.
  • James Hartshorn, Bartra Asia director, confirmed that the company lobbied the Government to cut the minimum investment required under the programme to €500,000 from €1 million, arguing this would make it more attractive to international investors.
  • Chinese investors accounted for 1,088 of the 1,162 non-EU citizens who have used the IIP to get residency rights for themselves and their families since the Government opened it in 2012.