Seanad debates

Thursday, 19 December 2002

Adjournment Matters. - Investment Based Naturalisation Scheme.

 

The Minister has always been opposed to the principle behind the investment based naturalisation scheme. He has no difficulty with the State according rights of residence to non-nationals who come here to establish businesses and create employment and who intend, in good faith, to become full members of our community. This is an essential feature of any modern and thriving economy which is becoming increasingly integrated with world markets and trends. Citizens of European economic area states and Switzerland already enjoy rights of free movement and residence for that purpose. Furthermore, the Department of Justice, Equality and Law Reform operates a business permission scheme to enable citizens of other states to take up residency here for the purpose of engaging in business activities.

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