Chinese invest in Irish social housing and nursing homes
200 secure Irish residency through investments via developer Richard Barrett’s Bartra
Sat, Jan 9, 2021, 01:00
Chinese investors are paying €1 million each to social housing schemes planned by developer Richard Barrett’s Bartra Capital, in return for the right to live in the Republic under a Government cash for residency programme.
The Department of Justice’s Immigrant Investor Programme (IIP) allows non-EU citizens and their families the right to live in the Republic in return for investments or charity donations.
Bartra confirmed on Friday that it has been using the scheme to raise capital from Chinese investors to build social housing and nursing homes in the Republic.