Canada has a variety of immigration programs specifically designed for wealthy individuals and entrepreneurs who wish to invest and settle in the country. These programs offer a pathway to permanent residency and eventually, citizenship. The country’s warm and welcoming attitude, stable political and economic climate, and strong legal and social support systems make it a top destination for investors and entrepreneurs across the world. In this article, we will take a closer look at canada investor visa immigration programs and discuss their eligibility criteria, benefits, and application process.
Quebec Immigrant Investor Program (QIIP)-
The QIIP is the oldest and most established investor immigration program in Canada. Under this program, applicants invest CAD 1,200,000 in a government-approved investment for a period of 5 years and are required to have a net worth of CAD 2,000,000. Applicants under this program need to have business experience. This program is especially popular among investors from countries like China, Iran, and Iraq. Successful applicants and their families are granted permanent residency in Quebec and eventually, can apply for Canadian citizenship.
Ontario Immigrant Investor Program (OIIP)-
The OIIP is a new and exciting program that is only available to a limited number of investors each year. Under this program, applicants need to invest CAD 3,000,000 in a government-approved investment for a period of 5 years and have a net worth of CAD 10,000,000. Applicants under this program do not need to have business experience, but their investment must create at least five jobs. Successful applicants and their families are granted permanent residency in Ontario and can eventually, apply for Canadian citizenship.
Immigrant Investor Venture Capital Program (IIVCP)-
The IIVCP is a program that seeks to attract entrepreneurs with a high net worth who are interested in investing in the Canadian economy. Under this program, applicants need to invest CAD 2,000,000 in a government-approved venture fund for a period of 15 years. Applicants under this program need to have a net worth of CAD 10,000,000 and should have experience owning or managing a business. Successful applicants and their families are granted permanent residency in Canada and can eventually, apply for Canadian citizenship.
Start-Up Visa Program-
The Start-Up Visa program is a unique program that is designed to attract entrepreneurs who want to start a business in Canada. Under this program, applicants need to have the support of a designated organization that will invest in their start-up. The investment must be at least CAD 200,000 for a single applicant or CAD 75,000 for each applicant in a group of up to five. Successful applicants and their families are granted permanent residency in Canada.
Canada’s investment immigration programs offer a great way for individuals to start a new life in a new country while contributing to the Canadian economy. Each program has specific requirements and eligibility criteria that applicants need to meet. Applicants should be mindful of the various fees involved in these programs, including the immigration fees, legal and/or consultancy fees, and the investment itself. Overall, Canada offers a welcoming environment for investors and entrepreneurs looking to relocate with their families. So, if you are one of those individuals who has a significant amount of money and are thinking of starting a new life in Canada, these investment immigration programs might be the perfect options for you.