Investment in Canada is sure shot way to enter the country and explore its resources and enjoy enormous advantages. The famous and widely used Canada Immigrant Investor Program is an easy and simple method to gain entry into the Maple Leaf Country and gain its coveted permanent residence status.
The Immigrant Investor Program (IIP) helps in getting the prized and the much sought after Permanent Residence (PR) status in the country. The main aim of the program is to promote business and attract more immigrants from across the globe.
The families and people qualifying for the said visa obtain permanent residential visa and later even manage to successfully receive the nation’s citizenship. Time to time necessary changes are being made to program facilitating more immigrants to cross the border. It’s one of the most popular Canada visa categories.
The necessary requirement for the visa is an experience of 2 years of business management. The aspirants should also posses cash which is not less than CAD$ 1,600,000 individually or jointly owned along with his spouse. The investment limit is CAD$800,000. Along with investment, the aspirant-investor has to meet security and health conditions as well.
The scheme was reportedly started with the aim of pulling more experienced business people to the nation’s shores for investment purposes, and boosts the national economy. The money invested is utilized for different projects to enhance the economy and create job-opportunities for the next five years. The investment amount is later returned by the Canada Immigration and Citizenship (CIC) after the tenure of five years and 3 months time, but without interest.
In case the CIC duly sanctions the aspirant’s submission, filed under the Canada Immigrant Investor Program, he should make his investment prior to the immigration body issues a permanent resident permit. The candidate ought to typically do the same inside 30 days. The permit bureau will send the aspirant a letter that will thoroughly enlighten what to do
The business should be original even as it should earn more wealth leading to good financial returns. The proposal should be duly certified by the concerned authorities beforehand. The projects thus assigned are basically original and real and totally based on presentation. A relaxation of around 50,000 Canadian dollars may be given to an entrepreneur. A cross check is made about the reality of the business and the amount mentioned by the investor.
Approval of the visa will entitle the investor to enjoy some special privilege. He can migrate to Maple Leaf Country within one year. In case of the failure of the project, the aspirant can still keep his PR position. Significantly, all facilities are given and complete support is provided for successful working of the project.
