Companies
Money trail: Why Huawen’s clients want answers about their cash
The Huawen Foundation has successfully raised €50 million from Chinese investors wishing to avail of what is colloquially known as Ireland’s ‘cash for visas’ scheme
In the last few months, a number of curious cases in both the High Court and the Workplace Relations Commission have begun to emerge.
They relate to a company called the Huawen Foundation, which is owned by a successful Chinese entrepreneur called Kai Dai.
Huawen, which has been in operation since 2014, serves as an agency to help non-European investors get visas through Ireland’s immigrant investment programme (IIP).
The IIP proposition is simple: investors have ...
