Investors are businesspersons with business management experience, enough legally obtained assets, and a willingness to invest in Canada. Generally, there have always been two major investor programs for Canada; i.e.,Federal Investor Program and Quebec Investor Program.
The requirement of business management experience always comes with the control of equity or financial resources, human resources, and/or material resources of the business. This requirement is intended to separate businesspersons from persons-with-money.
The net worth of the investor immigrant must be at least $1,600,000 CND. This can include gifts and inheritances as well as the assets of the accompanying spouse. What is important in this requirement is that the assets must have been legally obtained and, therefore, the source of funds and assets are carefully examined by the immigration officers.
In making the investment, applicants are given two options: they can invest $800,000 CND for a period of five years, which will be returned to them after the term is over, or use the financing option and pay a non-refundable fee of $220,000 CND. For the financing option, there are a number of financial institutions and banks authorized by the government of Canada to assist the investor immigrants.
On June 19 2014, Bill C-31 became law and applications which were still in the backlog of the federal Immigrant Investor Program and Entrepreneur Program were terminated.
The application period for the Immigrant Investor Venture Capital (IIVC) Pilot Program is closed. The Department is not accepting applications at this time.
Therefore, as for now, the only available program is Quebec Investor Program.
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