Immigrant Investor Programme

‘Golden visa’ broker behind shut Monaghan hotel launches new firms in Latvia

Kai Dai’s business, which has significant investments in Ireland, has published a brochure promoting Latvia to investors as a ‘rising EU star’

Kai Dai’s firm has issued brochueres praising Latvia for its low taxes, education sector, its health system

Kai Dai, one of Ireland’s biggest immigrant investor programme (IIP) brokers, has recently launched a cash-for-visa business in Latvia, according to new documents.

Records filed with the Latvian registry of companies show that Kai has started two new companies in the last two months, called Red Stone Investment Fund Limited and Future Citizen Institute Limited.

His wider group, Kylin Prime Group, has also published a brochure advertising Latvia as “a rising EU star” and “the ...