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Motives behind bid to end golden passports scheme could be ‘xenophobic’ says fund boss

Immigrant Investor Programme gives residency to non-EU nationals who invest at least €1m in Ireland

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Joanna Murphy Head of the IDLF, pictured at their offices at St Stephens Green

Joanna Murphy Head of the IDLF, pictured at their offices at St Stephens Green

Joanna Murphy Head of the IDLF, pictured at their offices at St Stephens Green

The head of Ireland’s controversial Immigrant Investor Programme, dubbed a ‘golden passport’ or ‘golden visa’ scheme, has questioned whether there is a “xenophobic” motivation behind calls to end the scheme.

Speaking to the Sunday Independent, Joanna Murphy, director of the Irish Diaspora Loan Fund (IDLF), hit out at critics of the scheme and said members of the high net worth “investor community” had raised concerns the criticism was due to discrimination against foreigners.


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