Eoghan Murphy (Dublin South East, Fine Gael)
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Question 154: To ask the Minister for Justice and Equality in relation to the immigrant investor programme recently announced, if he will clarify the review process that will apply after two years in respect of those whose applications have been accepted. [7352/12]

Alan Shatter (Dublin South, Fine Gael)
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The review process will consist of an appraisal of the foreign national in question to determine if he or she is continuing to abide by the conditions of their residence permission. In effect, it will be a continuation of the due diligence process undertaken at the time of application. I would anticipate that ordinarily residence permission would be approved for a further period of 3 years. While I cannot obviously be exhaustive, the circumstances where this would not happen would include for example where an applicant did not act in good faith or where adverse information came to light about his/her good character. Also, where a person failed to honour the terms of their qualifying investment this too would have negative consequences.

I will publish more information on the Immigrant Investor Programme and the Start-up Entrepreneur Programme when both programmes are formally launched in mid-March.