The federal Immigrant Investor Program in Canada is a path to permanent residency.It’s a great opportunity for those who want to live and work in Canada. The program was introduced by the Canadian government in 1986 and it remains one of the most popular immigration programs today. Here’s everything you need to know about this program, from the basic requirements to the application process and what to expect.
Who Can Apply?
The federal Immigrant Investor Program in Canada is designed for those who want to invest a minimum of $2 million in the country through an approved investment. It’s meant to ensure that you will be actively involved in managing your business and contributing to the economy.
It also requires that you have no criminal record, intend to live outside Quebec, and have a net worth of at least $1.6 million if you’re a single person or $3 million if you’re a family of two. You must also meet certain language requirements and not be under a deportation order by the Canadian government.
You can apply for immigrant investor program canada as long as you are 18 years or older and have lived in Canada for less than 5+ years consecutively.You can qualify for this program if you:
- Are from a country with a high level of risk according to the Department of Citizenship, Immigration, and Refugees (CIC)
- Have 1 year left on your passport validity
- Have enough funds available, $2 million
- Speak English or French at an intermediate level
- Have no children under 18 years old
What Are The Requirements For The Program?
The requirements are as follows:
- A net worth of at least $1.6 million or a minimum of $800,000 with a job offer or successful business experience;
- The ability to speak and write basic English, French, or both languages;
- The willingness to live in Canada permanently and invest in the country; and
- Permanent residency status in another country will not be allowed.
How To Apply For The Immigrant Investor Program In Canada ?
There are two ways to be considered for this program. You can apply under the Self-Employed Investor Stream (SEP), or the Venture Capitalist Stream (VCS). The requirements for each, and how to apply, will be discussed in more detail below.
To get accepted into this stream, you must have a minimum net worth of $1.6 million ($2 million) and have at least two years of the business ownership experience. You can also qualify if you have a minimum net worth of $3 million ($4 million) and three years of business ownership experience, or $5 million ($6 million) and five years’ experience.
The process starts with an expression of interest form that is submitted to Citizenship and Immigration Canada (CIC). If you’re eligible based on your net worth and business experience, you’ll receive a letter asking you to submit your formal application. Once your application is complete it will be assessed by CIC for approval.
The next step is for you to provide proof of language skills, identification documents, medical examination results, and so forth. The final step is submitting your completed application package to CIC’s Immigrant Investor Program Processing Centre in Sydney, Nova Scotia where it will undergo a stringent security screening process before being processed.
If accepted into the program through SEP, you’ll receive permanent resident status after three years in Canada with full access to