The Canadian Immigrant Investors Program is a popular option for foreign nationals who want to immigrate to Canada and start a business that will create jobs, without it, it may be difficult for qualifying investors to find a partner in their home country. Investors from outside the country must be either citizen of Canada or individuals who are legally permitted to live in that country.
The program welcomes foreign nationals with a net worth of CAD $200,000 or more excluding primary residents, who invest at least CAD $800,000 in an eligible business in Canada over the course of three years.
The minimum investment amount depends on the province where you live and the target market for your business, if you are interested in immigrating to Canada as an investor, here are a few steps you need to take along the way:
Speak to a Professional Official
If you are interested in any initial steps to take towards becoming an investor in Canada, speak to a professional.
A business immigration lawyer may be able to advise you on the various immigration options for foreign nationals, in order to become a Canadian investor, you’ll need to apply for the immigrant investor program canada.
Understand the Program Requirements
There are a few essential things you should know about the program before you start the application process.
- You must have a minimum net worth of CAD $200,000, this net worth excludes your primary residence and any other assets that you own.
- You must have an active business that will generate employment in Canada.
- The investment must be placed in an eligible business.
- The business must be owned by a Canadian citizen or permanent resident.
- Some provinces may require that the business be at least one year old.
Do Your Research
Before you begin the application process, you will want to make sure you have a clear idea of what you’re getting into.
Start by doing your research on the Canadian Immigrant Investor Program and next, take a look at the different categories of businesses that are eligible for the program, the most common categories are manufacturing, technology, and resource-based businesses.
If you have a high-net-worth relative interested in immigrating to Canada through the investor program, you may be pre-qualified for the program.
A pre-qualified investor must have a relative who is a Canadian citizen or permanent resident who is willing to make a donation to the investor’s application and the amount of the donation can range from $200,000 to $1 million, depending on the province the investor lives in.
Once you are sure you are ready to begin the application process, it is time to start prospecting, start by finding a business that you would like to invest in, then try to select a company that is based in a city where you would like to reside.
Once you have a chosen company, begin searching for potential partners, potential investors must be from outside Canada and have a net worth of at least CAD $800,000 excluding your own assets.
The Canadian Immigrant Investor Program is a popular option for foreign nationals who want to immigrate to Canada and start a business that will create jobs if you’re eligible, this program could allow you to immigrate to Canada as an investor with a high net worth and the ability to create jobs for Canadians.
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