Existing applications will be processed in the normal way.
The Immigration Investor Programme is closing from tomorrow.
The programme allowed international millionaires to buy Irish residency in exchange for a significant investment in the country.
Justice Minister Simon Harris announced the move, saying it was established at a time of unprecedented economic difficulty to stimulate investment.
He says it's important to keep all programmes under review and whether its appropriateness and suitability for cultural, social and economic use.
No new applications will be accepted from close of business tomorrow.
Existing applications will be processed in the normal way.
Séan Defoe explains the programme:
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