Oireachtas Joint and Select Committees
Thursday, 25 May 2023
Public Accounts Committee
Appropriation Accounts 2021
Vote 24 – Justice
9:30 am
Mr. William O'Dwyer:
I thank the Deputy. What Ms McPhillips said is correct. The application is fundamentally about the investor. Once the investor is approved, he or she is given residence permission for two years on the basis of stamp 4. That is subject to review and is then renewed for another three years and subsequently for five years after that. Since the start of the scheme in 2012, there have been 1,788 investors approved to date.
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