Canada is a popular destination for immigrants, and the country has several immigration programs that cater to different categories of immigrants. Among these, the investment immigration programs are increasingly gaining popularity among high net worth individuals who wish to become permanent residents of Canada. These programs allow investors to make a financial contribution to the Canadian economy in exchange for permanent residency. If you are considering immigrating to Canada, this article will give you an overview of the investment immigration canada options available in the country.
Quebec Immigrant Investor Program (QIIP): The QIIP is a popular investment immigration program that targets high net worth individuals who wish to settle in Quebec province. To qualify for this program, applicants must have a minimum net worth of CAD $2 million, have at least two years of management experience, and be willing to make a non-refundable investment of CAD $1.2 million in a Quebec-based business for five years. Successful applicants and their families receive permanent residency status in Canada. The program is currently closed, but it is expected to reopen in 2022.
Immigrant Investor Venture Capital (IIVC) Program: The IIVC is a federal investment immigration program that targets experienced business people who are willing to invest at least CAD $2 million in a government-approved Canadian venture capital fund for 15 years. The program aims to attract investors who can contribute to the growth of innovative Canadian businesses. Successful applicants and their families receive permanent residency status in Canada. The program is currently open, but there is a limited quota of 60 applications per year.
Start-Up Visa Program: The Start-Up Visa Program is another federal program that targets entrepreneurs who wish to start or invest in a new business in Canada. To qualify for this program, applicants must have a qualifying business idea, the support of a designated Canadian organization (angel investor group, venture capital fund or business incubator), and meet the language and education requirements. Successful applicants and their families receive permanent residency status in Canada.
Provincial Nominee Programs (PNP): Several provinces in Canada have their own immigration programs that target investors and entrepreneurs. These programs are known as Provincial Nominee Programs (PNP). To qualify for these programs, the applicant must meet the criteria set by the specific province and be willing to invest a minimum amount in a business located in that province. The investment requirement varies from province to province, but it generally ranges from CAD $150,000 to CAD $1.5 million. Successful applicants and their families receive permanent residency status in Canada.
Family Office Programs: Many Canadian banks and financial institutions offer customized immigration programs for high net worth individuals who wish to become permanent residents of Canada. These Family Office Programs offer a range of benefits and services, including investment advice, immigration consultancy, tax planning, and wealth management. The programs are tailored to meet the unique needs of each client and help them achieve their immigration and investment goals in Canada.
Investment immigration programs are an excellent way for high net worth individuals to obtain permanent residency status in Canada while contributing to the country’s economy. The above-mentioned programs are some of the most popular ones available in Canada. We hope this article has given you a good overview of the investment immigration options available in Canada and helped you make an informed decision. It is important to note that each program has specific eligibility criteria and requirements, and it is advisable to consult with an experienced immigration lawyer before applying to any program.