Peadar Tóibín (Meath West, Sinn Fein)
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Question 526: To ask the Minister for Justice and Equality the position regarding investment opportunities here (details supplied). [3900/12]

Alan Shatter (Dublin South, Fine Gael)
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I believe there is scope for dynamic initiatives from my Department to contribute to our national recovery and the area of entrepreneurship and investment is a prime opportunity. Today I have secured Government approval for the introduction of two major new immigration initiatives aimed at facilitating migrant entrepreneurs and investors who, in return for permission to reside in the State, are prepared to invest here for the purpose of saving or creating jobs . The new initiatives will be known as;

The Immigrant Investor Programme

The Start-up Entrepreneur Programme

The Government is committed to doing what we can to help Ireland's economic recovery and this represents a further instalment in my Department's efforts in this respect, following on from the Visa Waiver Programme introduced last year. There will be some implementation work required before applications for the schemes can be accepted but the basic details may be viewed in the relevant press release on my Department's web-page.