Review of the Immigrant Investor Programme - Phase One (social and economic analysis), final report

EY Phase One review of the IIP (social and economic analysis) for INIS, 24 April 2020, scanned (32 pp., OCR): executive summary, application process, observations and recommendations, data gaps, investment made 2012-2018, Chinese share of permits, permits by year, sector amounts and the p. 29 sector table, GVA, Exchequer and FTE totals and by year (recorded in earlier passes); EU comparison, wider FDI and Brexit context; best practice from Portugal and the US EB-5. This pass added, deciding the open items under the extract-everything principle: the EY reading of the February 2019 Guidelines (four-month average processing target; endowment minimum EUR 350,000 after discounts; enterprise and fund EUR 1 million; REIT EUR 2 million held 3 years) and the one-day-per-year presence rule; Transparency International figures as relayed (over 6,000 citizens, almost 100,000 residents, about EUR 25 billion); European Commission counts of Member States with schemes (20, elsewhere 18, RBI; 3 CBI; proposed indicator); the printed EPRS scores (Ireland 5 and 5, UK 4 and 5, European average 5; proposed indicator); and secondary rules for Bulgaria (six months' presence), Portugal (EUR 500,000 / 350,000 / 280,000) and the US EB-5 from 21 Nov 2019 (USD 1.8 million / 900,000 TEA, 10 jobs, TEA thresholds). Not stored: 'around two-thirds' of construction being social housing (a fraction in words); FDI and Brexit context figures (out of scope).