EuroCloud Ireland welcomes new inward investment initiative.
Posted by Noel Shannon on Wed, Jan 25, 2012 @ 11:43 AM
Two new immigration initiatives have been launched, aimed at facilitating migrant entrepreneurs to create jobs in Ireland, in return for permission to live in the State.
EuroCloud Ireland has welcomed this initiative, ''It's a great idea, and could 
well provide the necessary impetus to encorage foreign investors looking to 'follow their money', said Noel Shannon - Chairman of EuroCloud Ireland.
The Immigrant Investor Programme and the Start-Up Entrepreneur Programme will be formally launched by Minister for Justice Alan Shatter in March.
The first programme will require between €400,000 and €2m of an investment by applicants, depending on the level and duration of financial commitment.
The second programme aims to foster new enterprises for which the applicant will have to have financial backing of not less than €70,000.
Approved participants and their immediate family will be allowed enter the State on multi-entry visas and remain here for two years. The visas will be renewable.
Applications for both programmes will be considered by an Evaluation Committee, comprising relevant State agencies and Government departments.
EuroCloud can assist any foreign company who is considerimng investing through this scheme by advising on appropriate opportunities in cloud computing in Ireland.
Contact - noel.shannon@siliconcloud.com