Canada offers an "investor immigration program" for
business entrepreneurs, self-employed person and investors coming
from outside Canada who can substantially invest in Canadian
economy and development which includes creating new jobs and
Under the program a permanent residence in Canada can be
obtained by the investors. The investor must be considering to live
outside Quebec as different rules apply to the investor program
offered by Quebec.
1. Applicant investors are required to show that they acquired
their net worth of at least CDN $10 million through lawful
profit-making business or investment activities.
Personal net worth acquired through inheritance or in the value
of the primary residence of the investor does not count, as these
are not considered "business or investment activities"
for the purpose of this program.
Citizenship and Immigration Canada ("CIC") will
require applicants whose applications can be considered for the
second stage review to obtain a due diligence report at their
expense from one of the designated service providers. This report
is an independent examination and validation of the investor's
past business or investment experience, source of funds and
personal net worth.
2. The investor is required to provide CDN $2 million for the
Immigrant Investor Venture Capital Fund. This fund will invest in
Canadian start-ups with high growth potential and will be managed
by BDC Capital, the investment arm of the Business Development Bank
An agreement will be entered into with CIC detailing the
management of the fund, terms and conditions. This agreement is
required to be signed before the CDN $2 million at-risk
(non-guaranteed) investment is made.
3. The investor must prove proficiency in English or French in
all four language abilities (speaking, reading, listening and
4. The investor must have a completed Canadian post-secondary
degree, diploma or certificate of at least one year or a foreign
Processing and Permanent Resident Visa
Applications are processed between 8-9 years.
If the application is approved a permanent resident visa will be
issued. This visa includes the Confirmation of Permanent Residence
(COPR) and, if the investor is from a country whose nationals
require a visa to enter Canada, an entry visa.
Holder of the permanent resident visa have the right to:
receive social benefits that Canadian citizens receive,
including health care coverage,
live, work or study anywhere in Canada,
apply for Canadian citizenship.
Application for Citizenship
Investors with permanent resident visa may apply for citizenship
as per the following conditions:
to have a permanent resident (PR) status in Canada with no
unfulfilled conditions related to that status,
to have been physically present in Canada as a permanent
resident for at least 1,460 days during the six years immediately
before the date of your application and to be physically present
for at least 183 days during each of four calendar years that are
fully or partially within the six years immediately before the date
to fulfill the personal income tax filing obligations in four
taxation years that are fully or partially within the six years
immediately before the date of application,
to declare the intent to reside during the citizenship
to show adequate knowledge of English or French language,
to understand the rights, responsibilities and privileges of
citizenship, such as voting in elections and obeying the law and
showing, in English or French, and understanding Canada's
history, values, institutions and symbols.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
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.
Canada received more than 320,000 immigrants in the last 12 months, approaching levels not seen since the early 20th century. The per capital immigration rate at .88%, is consistent with previous Liberal government policies.
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.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).