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As per IRCC, an Investor is a term used to describe an immigrant admitted to Canada with business experience, a legally obtained net worth of at least C$1,600,000, and an investment of C$800,000.
From 1986 until 2015, there was a different Canadian investment immigration program administered by the Federal Government.
The Immigrant Investor Program was introduced to bring qualified business people who could contribute to Canada’s growth by investing significantly in Canada’s economy. Investors who meet all the requirements of this Canadian immigration program and their immediate family members obtain their Canadian permanent resident visas.
The cancelled Federal Immigrant Investor Program offered Canadian permanent residency to business professionals in exchange for a 5-year, CAD 800,000 loan to the Government. The Federal Investor Program was so popular when it was put on hold in 2012. There were nearly 60,000 backlogged candidates pending review. The investor immigration program was officially terminated in 2014, shortly after the new Canada Immigrant Investor Venture Capital Pilot Program (IIVC) was announced. The critics of IIVC believed that the scheme is designed for failure as the immigrants were discouraged by making a $2 million at-risk 15-year investment, instead preferring other possibilities for immigration by investment such as the Australian, USA, UK, and the Quebec Investor Program which has similar investment requirements as the former Canada Immigrant Investor Program. Finally, the last standing Federal Investor pilot program was closed, and applications stopped being accepted on December 30, 2015.
The last applications that were being processed had now been finalized. So, the Quebec Investor Program is currently the only Canadian Investor Visa available in the country.
At ARNIKA VISA, we help business owners, entrepreneurs, self-employed persons, and investors find the most cost-effective programs that achieve their business and immigration goals. From filing a business proposal to guiding businesses during interviews/meetings with immigration officials, we take care of it all. We can assist you entirely or partially based on our different packages. We can advise you professionally regarding the required personalized supporting documents to increase the chance of your approval and, finally, submit your application to IRCC on your behalf as an authorized representative. Suppose you want to discover how the RCIC can help you. In that case, the first step is to complete the Assessment Form (To detail your personal, educational, and employment information) available on the site.
Important note: The Federal Immigrant Investor Program is terminated & undecided applications were cancelled on June 19, 2014. IRCC is no longer accepting applications for this program.
The Canadian Immigrant Investor Program (IIP) was an initiative created by the federal government of Canada to promote the immigration of businesspeople and their families, enabling qualified investors to obtain permanent resident status in Canada. Under the program, successful applicants and their families received permanent and unconditional Canadian residential visas and were eligible to obtain Canadian citizenship.
The Canadian Immigrant Investor Program was one of the most popular immigration investor programs in the world. Still, its requirements have not changed since its inception, and it has become one of the least expensive.
The IN class was launched in 1986 and redesigned through regulative changes on April 1, 1999, into the last cancelled program to attract experienced businesspersons and capital to Canada.
The IRPR state that the Immigrant Investor Program (IIP) funds should use monies received to create or maintain employment in Canada to develop a strong and viable economy. To be eligible for immigration as an investor, the applicant needed to have business experience, a minimum personal net worth, and make a one-time investment into the Canadian economy. The INs investment was paid to the Government of Canada and redistributed to participating provinces and territories for economic development. The INs investment was fully repayable without interest after five years. There were no specific business expectations for INs post-admission, and they were not monitored once in Canada.
The IN class was revised on December 1, 2010, when the required investment and personal net worth amounts were doubled to $800,000 and $1.6 million on July 1, 2011. CIC imposed an annual cap of seven hundred new applications to manage the inventory of applications in progress. As of July 1, 2012, CIC stopped accepting applications for the federal IN class to concentrate on processing applications already received while the program was evaluated.
March 2014 update: Although the period covered by the evaluation was 2007-2011, significant program changes occurred while it was conducted. These changes were not considered part of the data collection. The Economic Action Plan 2014 announced on February 11, 2014, the termination of the federal immigrant investor and entrepreneur programs and the elimination of their associated backlogs of applications. At the time of termination, qualified investors were required to have the following:
The investment was managed by Citizenship and Immigration Canada (CIC) and was guaranteed by the Canadian provinces that use it to create jobs and help their economies grow. Without interest, CIC returned the C$800,000 investment about five years and three months after payment. Applicants were usually required to invest within 30 days of the application’s approval. Once the application was approved and the investment made, the applicant and their immediate family applied for their permanent resident visas.
Today’s closest alternative to the Canadian Immigrant Investor Program would be immigrating through the Owner-Operator Labour Market Impact Assessment (LMIA) pathway, a two-stage process. Entrepreneurs can still apply for immigration to Canada through the Start-Up Visa pilot program. Another pilot will be introduced to test a new approach to selecting Immigrant Investors.
At ARNIKA, we help business owners, entrepreneurs, self-employed persons, and investors find the most cost-effective programs that achieve their business and immigration goals. From filing a business proposal to guiding businesses during interviews/meetings with immigration officials, we take care of it all. We can assist you entirely or partially based on our different packages. We can advise you professionally regarding the required personalized supporting documents to increase the chance of your approval and, finally, submit your application to IRCC on your behalf as an authorized representative. Suppose you want to discover how the RCIC can help you. In that case, the first step is to complete the Assessment Form (To detail your personal, educational, and employment information) available on the site.
Important note:Â The Immigrant Investor Venture Capital (IIVC) class pilot program is closed. Applications stopped being accepted on December 30, 2015. The IIVC program information in our instructions will be removed as the last applications that were being processed have now been finalized. The Quebec Investor Program is currently the only Canada Investor Visa available.
The Immigrant Investor Venture Capital (IIVC) Pilot Program replaced the federal Canada Immigrant Investor Program. It was launched in December 2014, providing a route to Canadian permanent residence for high-net-worth individuals. The brand-new Canada investment immigration program was created to boost the local economy by attracting foreign direct investment in exchange for Canadian residency. Prospective immigrants who wished to participate in the IIVC Pilot Program needed to have a lawfully obtained net worth of at least $10 million and had to be willing to invest $2 million in Canada for 15 years.
The core focus of the IIVC immigration pilot program was to strengthen the Canadian economy by attracting foreign investment. To that end, the standards of the investment immigration program are highly selective. To qualify for this pilot, IIVC applicants had to:
Once an applicant is approved into the IIVC Pilot Program, they must make the financial investment. Once approved in principle, the investment had to be made under the program’s terms and conditions to finalize the application and issue a Canada Investor Visa. Applicants were not required to invest the $2 million at the time of their application submission to IRCC.
Each $2 million investment was placed in the IIVC and was managed by the Business Development Bank of Canada (BDC). It was an at-risk investment, which the Government of Canada or the BDC did not guarantee. The acquisition was committed for approximately 15 years, and the capital was distributed by up to five fund managers from the investment arm of BDC. These funds were invested in innovative Canadian companies outside of Quebec.
Citizenship and Immigration Canada (CIC) accepted up to 60 complete applications during the IIVC Pilot Program’s initial intake period. (An additional 60 applications were kept on a waiting list.) to be deemed complete, an application had to pass two stages of review.
The first review stage consisted of verifying whether or not the application was completed correctly. To be considered complete, an IIVC application must be filled out correctly and contain every required document. CIC contacted applicants considered for the second stage review with follow-up instructions, including submission of additional supporting documentation such as a due diligence report. A Canadian investor immigration due diligence report provided details about the past business or investment experience, source of funds, and personal net worth. These reports required applicants to meet the minimum net worth requirement of $10 million through legal investment and business activity. Applicants also had to pass medical, criminal, and security checks to obtain Canadian permanent residency.
Once the IIVC Pilot Program application was in processing, applicants expected notice within six months of the decision by IRCC to either accept the prospective immigrant or place them on the waiting list.
At ARNIKA VISA, we help business owners, entrepreneurs, self-employed persons, and investors find the most cost-effective programs that achieve their business and immigration goals. From filing a business proposal to guiding businesses during interviews/meetings with immigration officials, we take care of it all. We can assist you entirely or partially based on our different packages. We can advise you professionally regarding the required personalized supporting documents to increase the chance of your approval and, finally, submit your application to IRCC on your behalf as an authorized representative. Suppose you want to discover how the RCIC can help you. In that case, the first step is to complete the Assessment Form (To detail your personal, educational, and employment information) available on the site.
Important note: The intake of permanent selection applications for the Investor program is suspended temporarily until January 1, 2024.
The government of the province of Quebec gives permanent residency to individuals with business experience backgrounds willing to invest in Canada through the Quebec Immigrant Investor Program (QIIP). This is intended to boost the Quebec economy and create jobs.
The QIIP remains the only opportunity for high-net-worth business immigrants wishing to secure permanent residence in Canada based on a passive investment.
Candidates must also have at least two years of qualified management business experience within the past five years. To prove this experience, applicants must have been involved in the planning, managing, and controlling of a business’s financial, human, or material resources. Relevant management experience in these businesses will qualify:
Accepted applicants must invest C$1.2 million in a prescribed, government-guaranteed investment for five years, to have at least a C$2 million net worth, alone or with a spouse (The possibility of financing the investment by brokers and trust companies) acquired legally more than six months prior applying and intend to settle in the province of Quebec. After five years, the investor will be reimbursed for their loan within 30 days, without interest. Applicants who meet the criteria above will also be assessed according to factors such as Age, Education, Work experience, and Language proficiency (French).
All the applications under QIIP are first required to apply to the Quebec immigration authorities. Once approved, the application must submit to IRCC (Canadian Immigration Authorities) for further processing at the federal level. The application processes are:
Step 1 – The Quebec Immigration Visa Office receives the application.
Step 2 – Application Assessment by Quebec Immigration Visa Officer.
Step 3 – Schedule a Personal Interview or waive it.
Step 4 – Make a wire transfer.
Step 5 – Submission of application to the Canadian Immigration Visa Office.
Step 6 – Medical Instructions
Step 7 – Passport Request and the Right of Permanent Residence Fee
This program has a yearly cap of 1900 applications. So, any new applications received after the maximum will be returned to the applicants. Selected Quebec Immigrant Investor Program candidates enjoy the same benefits as other Canadians. Therefore, they allow the experience of the free public health care system. Their children can also study in Canada and enroll in public elementary and secondary schools as Canadian residents for free.
At ARNIKA VISA, we help business owners, entrepreneurs, self-employed persons, and investors find the most cost-effective programs that achieve their business and immigration goals. From filing a business proposal to guiding businesses during interviews/meetings with immigration officials, we take care of it all. We can assist you entirely or partially based on our different packages. We can advise you professionally regarding the required personalized supporting documents to increase the chance of your approval and, finally, submit your application to IRCC on your behalf as an authorized representative. Suppose you want to discover how the RCIC can help you. In that case, the first step is to complete the Assessment Form (To detail your personal, educational, and employment information) available on the site.
