Mr. Michael Kirrane:

The five years is contingent on the investment having been made. There is a review after two years, after which permission may be given for a further three years. After the five years, the permission can be renewed subject to the person fulfilling the requirements of residency. In other words, the scheme is finished after five years and they would have to have basis for being resident in the State thereafter. If they were continually resident in the State during that period, they would be entitled to apply for citizenship the same way as any other non-EEA national who would fulfil the residency requirements.