December 22, 2014 – The Government of Canada has announced
that it will grant Permanent Residency to approximately 50
Immigrant Investors as part of its Immigrant Investor Venture
Capital Pilot Program. This pilot program replaces the now-defunct
Federal Immigrant Investor Program. That program, widely
criticized as a "cash for citizenship" program, was put
on hold in 2012 and cancelled in early 2014 over fraud
Under the new pilot program investor applicants will be required
to demonstrate that they have a net worth of at least $10 million,
proven business or investment experience, as well as meet certain
education and language requirements. Investors will receive
Permanent Residency in exchange for making a $2 million investment
for a period of 15 years. The investment will be used to seed
Canadian start-ups and is not guaranteed.
The pilot program is expected to begin accepting applications in
late January 2015. We will continue to provide updates on this
pilot program as information becomes available. For further
information about this update, or to discuss making an application,
please contact Green and Spiegel LLP.
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October 12th, 2016 - Immigration authorities conducted the 21st round of invitations under Express Entry in 2016 and 44th overall, inviting 1518 applicants for permanent residence with a lowest CRS score of 484.
October 19th, 2016 - Immigration authorities conducted the 22nd round of invitations under Express Entry in 2016 and 45th overall, inviting 1804 applicants for permanent residence, the largest number ever. The lowest CRS score was 475, a decline from the previous draw.
September 21st, 2016 - Immigration authorities conducted the 20th round of invitations under Express Entry in 2016 and 43rd overall, inviting 1288 applicants for permanent residence with a lowest CRS score of 483.
A unique feature of the new Canada express entry immigration system is that candidates can improve their comprehensive ranking score while in the express entry pool, without submitting a new application. We review important strategies.
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