Dáil Éireann - Volume 461 - 08 February, 1996
Written Answers. - Passport for Investment Scheme.
Mr. Broughan Mr. Broughan
 90. Mr. Broughan asked the Minister for Justice if she will send a copy of the current rules and guidelines regarding the Irish passports for investment scheme to Deputy Thomas Broughan; and the way in which this scheme is monitored to check adherence to the guidelines. [2818/96]
Minister for Justice (Mrs. Owen) Nora Owen
Minister for Justice (Mrs. Owen): I have arranged for a copy of the terms of reference of the interdepartmental advisory group established to assess and make recommendations to me on investment-based naturalisation applications to be sent to the Deputy. These terms of reference which came into force in July 1994, set out the conditions on which a person may make application for naturalisation on foot of their investment in an Irish company.
The terms of reference also specify the monitoring arrangements in place for ensuring that investments continue to remain in place in the recipient companies in accordance with the terms of the investment-based naturalisation scheme.
In addition to these, my Department will not issue a certificate of naturalisation to an applicant unless and until it is satisfied that the investment has been made, that proper and appropriate arrangements for its retention for the specified period are in place, and that all other conditions as deemed necessary are complied with.
Dáil Éireann 461 Written Answers. Passport for Investment Scheme.