Canada Investment Visa : How To Migrate to Canada Via Investor Visa

Are you an investor looking for where to do your business? Canada is certainly one of the best options you should consider. They have the investor visa that will gain your entry to the country.

Interestingly, Canada is the second-biggest economy in the world. When it comes to migration, people prefer to seek opportunities in Canada due to the best-living conditions, safe environment, the world’s largest economy, and other such factors.

Migration to Canada through an investor visa or any other way is a challenging task. It is harder in some places and easier in others. The main reason for such a huge difference in the difficulty level of the process is the two-tier system in every country under which various requirements are imposed on applicants.

The two-tier system refers to the fact that different sets of rules are applicable when both the applicant and the proposed sponsor are from the same country and come from other countries.

During your Canada application process, you will come across a tiered system used for providing PR status to investors, self-employed professionals, and entrepreneurs. Each stream of application requires a different set of documents.

What is Canada Investment Visa

Enacted in 1986, Canada’s Immigrant Investor Program (IIP) was designed to encourage investment and employment in Canada. The program is open to high-net-worth individuals and families interested in becoming permanent Canadian residents by investing in the Canadian economy.

Canada Investor Visa is a federal program to improve the economy of Canada by encouraging foreign business people to invest in Canada. A Canadian investment visa allows a foreign investor to obtain permanent residence status in Canada through the ownership and active management of a qualifying Canadian business. An investment visa is granted to individuals who intend and can invest C$800,000 into a qualifying Canadian business. Investment visas are granted for five years with the option to renew for an additional five years.

Why is Canada a good destination for an Investor?

• Canada is a great place to do business because of the many benefits that this country provides to its investors. The country is the perfect destination for investors because of its stable economy, low corporate tax rate, and free trade agreements.
• Canada is the world’s 10th largest economy in GDP (PPP). By 2050, it is projected to become one of its largest economies. In 2010, Canada was named one of the top ten places to invest by The Economist magazine. Canada offers great opportunities as an investor looking to start a business or expand your reach internationally.
• Canada has a stable democracy, a sound financial system, low inflation, and low crime rates. In addition, its government provides equal protection to foreign investors and creates an environment that allows businesses to operate with fewer risks.

Who can qualify for a Canadian investor visa?

To qualify for the investor visa, you must:

–  Have a net worth of at least $10 million

– Have two years of business experience within the last five years

– Invest CAD 2 million in Canada

What is the Process for Investment Visa Application?

The process for an investor visa application is as follows:

• First, get a loan from the Government of Canada.
• Make a CAD 1,200,000 deposit to a bank in Canada. The applicant and dependents may use the deposit interest income but cannot be withdrawn until the visa is approved.
• Sign a contract with the government stating that you will create at least two jobs in Canada within five years.
• Once the above conditions are met, you can apply for permanent residency at your local Canadian consulate or embassy office. It takes about one year for approval after all requirements are met.

Documents required for a Canada investment visa

If you are planning to apply for a Canadian investment visa, you should have all the essential documents ready. The following is a list of documents that you should have before applying for the Canadian immigrant investor program:

• Proof of your identity
• Marriage certificate (if married)
• Birth certificates (if any children)
• Educational qualifications (certificates and diplomas)
• Employment history
• Net worth details and evidence
• Family Relationship Documents (e.g., marriage, birth, and adoption certificates)

Conclusion

To conclude, You should keep in mind that becoming a permanent resident of Canada through the Immigrant Investor Program is not easy. It takes lots of money, patience, and time.