Canada has been a prime destination for immigrant investors for years now. Under its various investment immigration programs, Canada offers investment opportunities and a gateway to permanent residence for affluent individuals and families worldwide. The programs provide an avenue to bypass the traditional point-based immigration system and obtain residency canada investor visa by making a substantial investment in the country. This blog provides an overview of Canada’s investment immigration programs and their requirements.
The Immigrant Investor Venture Capital (IIVC) program is one of the popular investment programs among the wealthy investors who wish to move to Canada. Under this program, an investor with a net worth of CAD 10 million is required to make an investment of CAD 2 million in an approved venture capital fund. The investment must remain locked for 15 years, during which the investor and his/her family can receive permanent resident status in Canada. This program is a win-win for both the investor, who can take advantage of Canada’s flourishing economy and the residents who benefit from the economic growth generated by such investments.
Another program, the Quebec Immigrant Investor program, provides investors with the opportunity to immigrate to the province of Quebec. This program requires the investor to have a net worth of CAD 2 million and make an investment of CAD 1.2 million in an approved low-interest Quebec government-guaranteed investment for five years. After the lock-in period, the investor and his/her family are eligible for permanent residency in Quebec. The program limits the number of applicants, and interested individuals must satisfy several stringent eligibility criteria.
The Start-up Visa program is another popular investment program aimed at attracting innovative and creative entrepreneurs from around the world. Applicants with an innovative business idea and who can secure financial backing from an approved Canadian venture capitalist are eligible under this program. The program requires that the applicant’s business generates at least one full-time job for a Canadian resident or citizen. Successful applicants and their immediate family members become permanent residents of Canada.
The Federal Immigrant Investor Program (FIIP) has been terminated but is worth mentioning. Under this program, investors with a net worth of CAD 1.6 million were required to make an investment of CAD 800,000 in a government-managed investment for five years. The program was suspended in 2014 and has not yet reopened.
Conclusion:
Canada’s investment immigration programs have been instrumental in attracting affluent individuals and their families from around the world to the country. The programs provide significant benefits to both the investor and the Canadian economy. Choosing the right program requires serious consideration of eligibility requirements, investment amount, lock-in period, and other factors. It is crucial to seek professional advice and guidance on the application process and selecting the most suitable program for one’s needs. With the right investment immigration program, Canada can be a lucrative destination for those seeking permanent residence in a country with a thriving economy, top-quality healthcare, and social welfare systems.