Citizenship and Immigration Canada set up the Immigrant Investor Program to advance economy improvement and employment in Canada by pulling in individuals with capital, business intuition and additionally solid managerial abilities for business migration to Canada.
IMPORTANT NOTE: This program ended on June 19, 2014. The information on this page pertains to the latest application cycle. Another government investor program, known as the Immigrant Investor Venture Capital (IIVC) Pilot Program has since been propelled.
As an outsider investor, you and your close family can get Canadian immigration (permanent occupant) visas by contributing CAD$800,000 for a long time with the government of Canada. Candidates to this program must plan to dwell in any Canadian area or region aside from Quebec. The venture is government ensured, guaranteeing that your CAD$800,000 will be repaid in full toward the end of five years. No royalty is paid on your investment.
The table underneath condenses the qualification requirement for the Federal Immigrant Investor Program.
|Proposed destination||Anywhere in Canada, with the exception of Quebec.|
|Minimum net worth||CAD $1.6 million, lawfully acquired|
|Business and additionally Management Experience||Management and ownership for qualifying business, as characterized under the Regulations, OR Management of 5 representatives in a business.|
|Investment||CAD $800,000 for 5 years, Government ensured 0% interest. Financing is accessible from Canadian banks.*|
|Miscellaneous||Medical examination and security personal investigation|
At the point when making your investment under this program, you can pick one of two alternatives:
- Investment of CAD$800,000 of your own assets. Keeping in mind the end goal to meet the investment requirement, you may make a government venture of CAD$800,000 of your own fund with the legislature of Canada. These funds are then kept with the legislature for a time of five years, after which they are come back to you in full with 0% interest.
On the other hand;
- Payment of a financing expense. Rather than keeping CAD$800,000, you may pay a one-time financing fee to a government affirmed financial institution. This charge won’t be come back to you. The financial institution will then contribute CAD$800,000 with the government for your sake.