Immigrant Investor initiative could help QlikPower development
Posted on Wed, Jan 25, 2012
QlikPower has welcomed the two new immigration initiatives aimed at facilitating migrant entrepreneurs to create jobs in Ireland, in return for permission to live in the State.
''This is potentially an excellent opportunity for us to attract investment for our software development inintiatives in Ireland, and could provide a much needed boost for the industry as a whole'' said Noel Shannon - CEO of QlikPower and Commence International.
QlikPower are currently developing the Q Series of Business Intelligence applications which are focused on providing rapid deployment of prebuilt BI solutions for particular target markets throughout the world. Q 200 is focused on Sage implemenetations, Q Vision is for Microsoft Dynamics customers and Q Retail is for RMS installations.
The Immigrant Investor Programme and the Start-Up Entrepreneur Programme will be formally launched by the Irish Minister for Justice Alan Shatter in March 2012.
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 comprised of relevant State Agencies and Government Departments.