Canada Investor Immigration Program – Immigrate as an Investor in Canada

Canada Investor Immigration Program – Immigrate as an Investor in Canada

The Canada Investor Visa program presents an opportunity for immigrants to attain permanent residence or citizenship in Canada by making qualifying investments in the country. Through this program, participants can opt for either citizenship, often referred to as a “golden passport,” or permanent residency, commonly known as a “golden visa”.

Targeted at individuals with business acumen, the initiative seeks to attract investments that contribute to employment growth and economic advancement in specific Canadian provinces or territories. Successful applicants and their families gain the privilege to live, work, study, and travel in Canada without restrictions.

You need to demonstrate a personal net worth of at least CAD 1,600,000 to the Immigration, Refugees, and Citizenship Canada (IRCC), providing evidence of two years of business experience, and committing to a minimum investment of CAD 800,000 in the Canadian economy.

What is Golden Visa Canada?

There isn’t a specific program officially known as the “Golden Visa Canada.” The term “Golden Visa” is often used to refer to investor immigration programs in various countries, where individuals make a significant financial investment in the host country in exchange for a visa or residence permit.

What are the requirements/eligibility for investors?

  • Experience Requirement: Two years of business or senior management experience within the last five years is mandatory for applicants to the Canada Investor Program.
  • Accepted Experience Categories:
    • Commercial business
    • Professional business (provided the private enterprise or partnership had at least 2 or more full-time employees, excluding the applicant)
    • Agriculturally related to farm management
    • Foreign government department or agency
    • Internal organization
    • Industrial management
  • Qualifying Business Criteria: The qualifying business for this program should involve the management, planning, and control of both the financial and physical aspects of the business organization.
  • Important Note: Unauthorized work experience will not be considered toward meeting the program’s experience requirements

Other Requirements

  • Verification of the availability of funds for investment in Canada.
  • A documented business profile with a minimum of two years of prior business experience.
  • Proficiency in the local languages, i.e., English or French.
  • Assessment of business credentials and a review of banking history.
  • Mandatory medical and conduct evaluations as part of the application process

Benefits of Canada Investor Visas

  • High Standard of Living: Access to a high standard of living.
  • Healthcare and Education: Access to healthcare and education.
  • Family Settlement: Option to settle with family in Canada.
  • International Opportunities: Access to international opportunities.
  • Favorable Investment Policies: Benefit from favorable investment policies.
  • Travel Benefits: Travel benefits for global mobility.
  • Fast Track to Citizenship: Investor visa serves as a fast track to citizenship

Different Categories of Business Investor Visas in Canada

1. Start-Up Visa Canada

Entrepreneurs in Canada can expand their businesses with financial support and expertise from approved Canadian private sector organizations, resulting in the issuance of a start-up visa. Unlike investor programs, the entrepreneur program doesn’t mandate immigrants to invest their capital; instead, entrepreneurs qualify by receiving minimum venture capital or angel investment from designated organizations.

Eligibility for Start-up Visa

  • Qualify with a viable business.
  • Demonstrate proficiency in English or French (CBL5).
  • Secure a letter of support from a designated institution for funding commitments (e.g., $200,000 CDN from Venture Capital, $75,000 from an Angel Investor, or Business Incubator).
  • Make a specified investment for settlement in Canada

2. Enterprenuer Program

The Canadian government enthusiastically embraces entrepreneurs, recognizing their potential to generate employment and contribute to the national economy. Successful applicants not only have the opportunity to establish businesses in Canada but also secure Permanent Resident status for themselves and their families. Currently, Canada is actively welcoming applications from highly skilled entrepreneurs worldwide through the Entrepreneurship Visa program.

Eligibility for Start-up Entrepreneurship

  • Establish, purchase, or invest significantly in a Canadian business within 2 years of arrival, contributing significantly to the economy.
  • Actively participate in the management and operations of the business continually.
  • Employ at least one Canadian citizen or permanent resident, excluding the entrepreneur and their dependents

3. Self-Employed Program

Self-employed individuals are those who sustain their livelihood through independently pursuing economic activities. This program facilitates permanent immigration to Canada, specifically targeting individuals with relevant experience in cultural activities or athletics. To qualify, applicants must demonstrate their capacity to make a substantial contribution to Canada’s cultural, artistic, or athletic landscape.

The Self-Employed stream is designed for individuals aspiring to establish or purchase a business in Canada. This entrepreneurial endeavor is expected to make a meaningful impact on both the economic and artistic facets of Canada’s vibrant landscape, providing an avenue for skilled and creative professionals to contribute to the country’s cultural richness

Eligibility for Self-Employed Program

  • Eligibility Criteria for Self-Employed Program:
    • Relevant experience (minimum 2 years in the last 5 years).
    • Willingness and ability to be self-employed in Canada.
    • Fulfill program’s selection criteria (minimum 35 points).
    • Meet medical, security, and other applicable conditions.
  • Approval Criteria Based On:
    • Experience.
    • Education.
    • Age.
    • Language abilities.
    • Adaptability

4. Canada Business Visa PNP Programs

Provincial Nominee Programs (PNP)

Canada’s provinces and territories each administer their own PNP, granting them the authority to nominate applicants for immigration. This nomination is tied to settling in the specific province, aligning with its economic requirements.

Business Immigration via PNPs

Under Provincial Nominee Programs, business immigration caters to individuals intending to launch or invest in Canadian business ventures. Minimum investment and net worth criteria differ by province, and each PNP business immigration program tailors its requirements to align with the economic priorities of the respective province

Eligibility for Entrepreneurs and Investors:

  • Possess funds for overseas investment.
  • Demonstrate a prior business profile.
  • Proficiency in English or other local languages is required.
  • Maintain a proper business credential and banking history.
  • Undergo health and conduct evaluations.

Provinces with PNP Availability:

  1. British Columbia PNP
  2. Manitoba PNP
  3. New Brunswick PNP
  4. Northwest Territories
  5. Nova Scotia PNP
  6. Ontario PNP
  7. Prince Edward PNP
  8. Quebec PNP
  9. Saskatchewan PNP

How To Apply For Canada Investor Immigration Program

1. Review Eligibility Criteria

Ensure that you meet the program’s eligibility requirements, including minimum net worth, business experience, and other specified criteria.

2. Choose the Program Stream

Identify the specific stream within the Investor Immigration Program that aligns with your goals, such as the Quebec Immigrant Investor Program (QIIP).

3. Gather Required Documents

Collect all necessary documents, including proof of net worth, business experience, and other supporting materials.

4. Complete the Application Form

Fill out the application form accurately and thoroughly. Follow the guidelines provided by the immigration authorities.

5. Submit the Application

Submit the completed application along with all required documents to the relevant immigration office or authorities.

6. Pay Application Fees

Pay the required application fees. Fees may vary based on the program stream and family composition.

7. Wait for Processing

Be patient during the processing period. Immigration authorities will review your application, conduct background checks, and assess your eligibility.

8. Interview and Medical Examination

Prepare for any interviews or medical examinations that may be required as part of the application process.

9. Receive Approval

Once your application is approved, you will receive a confirmation and further instructions on the next steps.

10. Make the Required Investment

Fulfill the investment commitment as specified in the program. This may involve transferring funds to a designated account or making the prescribed investment.

11. Receive Permanent Residency or Citizenship

Upon completion of all requirements, successful applicants and their families will be granted permanent residency or citizenship, depending on the chosen program.

Frequently Asked Questions (FAQs)

How much money is required for investment visa in Canada?

Specific investment requirements for immigration programs in Canada can vary. For instance, the Quebec Immigrant Investor Program (QIIP) typically required a minimum investment of CAD 1.2 million.

How much do I need to invest in Canada for PR?

If you’re planning to invest amount somewhere around $200,000 in one of the investment visas, you’ll have much more chances of getting PR in Canada.

What are the disadvantages of startup visa in Canada?

Potential disadvantages of the Startup Visa Program in Canada include stringent eligibility criteria, dependence on designated organizations, risk of business failure, and processing time delays.

What are the advantages of the Canada Investment Visa?

Advantages include obtaining permanent residency, access to healthcare and social benefits, and the opportunity to contribute to and benefit from the Canadian economy.

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