Many of the now-rejected applicants are banding together with the aim of taking legal action. The Quebec Investor Visa Gives the Canadian Permanent residency Visa to Business Owners and High Net Worth Entrepreneurs and passive Investors wanting to Immigrate to Canada by Investing but not as active entrepreneurs in Canada. Ĭurrently, the federal program has been eliminated. Citizenship by Investment in 2021, Canada is the best country for Immigration. The closest alternative to the Canadian Immigrant Investor Program today would be immigrating through the Owner-Operator Labour Market Impact Assessment (LMIA) pathway, which is a 2 staged process. If you have CAD1.6 million in net assets and management experience you can apply. Īt the time of termination, qualified investors needed to have at least two years of business management experience have a minimum net worth of CAD$1,600,000 (legally obtained) alone or with their accompanying spouse, make an investment of CAD$800,000 and meet certain health and security requirements. Not eligible to apply for PR in Canada via Express Entry or other program. The new updated program was reopened on December 1, 2010. As of June 26, 2010, the qualification requirements were doubled and the program was briefly suspended while the new changes came into effect. Consult the page Documentation requirements to learn the rules concerning the required documents and formats to submit a permanent selection application. The Canadian Immigrant Investor Program was one of the most popular immigration investor programs (IIP) in the world, but its requirements were not changed since its inception and it had become one of the least expensive ones. Important: The intake of permanent selection applications for the Investor program is temporarily suspended.For more information, please consult the Immigration rules and procedures page. With the passing of Economic Action Plan 2014 Act (Bill C-31) on June 19, 2014, the program was terminated and undecided applications were cancelled. The New Brunswick Business Immigration stream is an economic immigration pathway for experienced entrepreneurs who are ready to establish, operate and actively manage a business while living and settling in New Brunswick permanently. Under the program, successful applicants and their families received permanent and unconditional Canadian residential visas and were then eligible to obtain Canadian citizenship. The Canadian Immigrant Investor Program was an initiative of the federal government of Canada created to promote the immigration of business people and their families, enabling qualified investors to obtain permanent resident status in Canada.
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