Chinese investor claims cash-for-visa firm no longer operating in Ireland | Business Post

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A Chinese millionaire is suing one of the country’s biggest cash-for-visa companies over fears that the firm has ceased operations in Ireland.

The Nuremore Hotel & Country Club in Carrickmacross, Co Monaghan is now the Huawen Foundation’s registered office

Zhiming Xi, a designer from Beijing, filed a case in the High Court last week against the Huawen Foundation, which has raised around €45 million over the last five years. Xi gave €1 million to the company to invest as part of Ireland’s Immigrant Investor Programme , which allows high-net worth...

 

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