For persons seeking business immigration in the investor immigration class we do not charge anything till you get approved by the Canadian government. We will not charge you anything at the time of submission of your application not even the account setup fee or the evaluation fee.
Business Immigration – Investor Immigration Program
Canadian law provides two types of Investor Immigration visa’s .First, Business immigration for English Speaking provinces or the Federal investor class and Second, Is for French speaking Quebec.
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The Federal Investor Immigration Program
The Federal Investor immigration program is passive in nature and requires an investment of $800,000 CAD which is deposited with the Receiver General of Canada and a personal net worth of $1,600,000 CAD with two years of suitable management or business experience. The investment bears no interest and must be maintained for five years. Applicants may state a desire to live anywhere in Canada except Quebec.
The Federal investor immigration program permits applicants to finance the bulk of their investment through designated banking institutions. Typically the financing schemes require a down payment of $180,000. The bank loans the applicant the balance of $600,000. The applicant deposits the sum of $800,000 with the Receiver General. The Canadian government guarantees repayment of the bank loan not the investor’s down payment.
The bank takes fees and interest from the down payment, the immigration agent takes their commissions from the down payment. The Federal government disburses the net proceeds to the Provinces for use in a variety of public projects. The net cost to the investor is the down payment. The five year investment period begins following visa issuance.
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The Quebec Investor Immigration Program
The Quebec program is virtually the same as the Federal program with the following important distinctions: the investment is guaranteed by the Province of Quebec; professionals such as doctors, dentists, accountants and lawyers do not qualify as management experience; one must state an intention to settle in Quebec; the investment proceeds are allocated to the Province of Quebec rather than the English speaking provinces and the five year investment period begins following Quebec approval, even before the investor comes to Canada. If the investor is refused by the Federal authorities for a medical or security inadmissibility, the investment is refunded.
A Quebec investor immigrant is defined as a foreign national with three years of management experience in a lawful and profitable agricultural, industrial or commercial enterprise, in a government body or an international body and who possesses a personal net worth of $1,600,000 CAD accumulated through lawful economic activities. The investor must also undertake to invest $800,000 CAD for five years, in a prescribed (government guaranteed) investment.
When assessing applications, the definition of management experience is strictly followed and given a narrow interpretation by the Quebec government authorities. It states:
“The actual assuming on a full-time basis of responsibilities and duties related to the planning, managing and control of material, financial and, where applicable, human resources, provided that such responsibilities and duties are not assumed in the context of an apprenticeship, training, or specialization process attested to by a diploma”.
One may finance the investment in a manner similar to the Federal program except that the Province of Quebec designates securities brokerage firms and investment banks to finance the investment rather than banks.
Once approved the Quebec destined applicant will undergo Federal security and medical background checks before to visa issuance, which generally takes place within 3-6 months following Quebec approval.
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Some Useful Hints (Quebec and Federal):
There is no advantage in investing until one’s application is approved in principle (either Quebec or Federal).
Since the requirements have increased for net worth and investment, now it is expected that the candidates applying under the federal program will be processed much faster then before and the processing time to get the visa issued is expected to be around 12 months after application is submitted.
Applicants who require early entry status may consider alternative methods of entering Canada on a non immigrant bases while waiting for permanent residence processing to conclude.
Under the Canadian immigrant investor program, management experienced applicants may move to Canada for as little as $180,000 CDN. The down payment effectively becomes the cost of acquiring Canadian permanent residence.