Just over 5,000 investors were given permanent residency through
the program in 2016, beating the previous high of 4,436 in 2012. In
2014, 3,669 immigrants were accepted.
Projections suggest 2016 will also see more than 5,000
candidates awarded permanent residency, with 89 per cent of those
coming from Asia.
Legally acquired personal net worth of $1.6 million.
Two years of suitable management or business experience within
the five years preceding the application.
Make investment of $800,000 for a period of five years bearing
no interest. Money invested is returned at the end of the
Intend to settle in the province of Quebec.
The QIIP is controversial in the rest of Canada because many of
the immigrants who come in through the program
end up settling in Vancouver and Toronto, despite declaring
their intent to reside in Quebec as part of the application
Experts suggest this is one of the reasons for the inflated
housing markets in both major cities, particularly the West Coast
Critics say Quebec should not be benefitting financially from
the program if the immigrants given permanent residency do not
settle in the province.
Quebec says it has attempted to slow the movement of immigrants
out of the province, first by introducing the declaration to reside
rule, and also by focusing on French-speaking applicants.
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We would like to take this opportunity to inform you of important amendments introduced to the Cypriot Citizenship by Investment program on 16 September 2016 (as published in the official Government Gazette).
Europe has long established itself as the most sought after
region in terms of high net worth immigration, accounting for over
half of the total number of global citizenship applications, with
the Caribbean in second place, followed by North America in third.
The Philippines airport authorities have off late detected a spurt in fake visas at the airport.
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