Canada offers exciting opportunities and challenges to the immigrants. From time to time, the Citizenship and Immigration Canada (CIC) comes up with new immigration policies to attract more migrants from across the world. One of the remarkable things worth mentioning is that besides attracting new migrants, the Maple Leaf Country does not want talented people to quit the nation.
New Investor Pilot Program
As per a new report, to successfully establish and invite immigrants to Canada, the CIC is coming up with its New Investor Pilot Program. The estimated cap to cover under the nominated heading is 50. According to this upcoming program, the Canadian government wants to attract the millionaire investors who are experienced and at the same time can add to the prosperity and growth of the economy.
This immigration program will start in the end of January 2015. All those millionaires, who are ready to invest $10 million and $ 2 million non guarantee investment for 15 years, can easily cross the borders. This money will be spent on Canadian based starts up and it allegedly yields more growth potential.
Another mandatory requirement is that the candidates must have proficiency in either of the two spoken languages of Canada, i.e., English and French. Their educational credentials should be of the post secondary level. In addition, the applicants, who are selected under the cap, will have to prove that they possess $10 million which they have earned from their profit-making, lawful business.
The pilot project is launched with the purpose to attract those aspiring migrants who are highly educated and their business investment and experience will help them attain success in the Maple Leaf Country.
Besides, being wealthy the necessity of language skill stands mandatory to become Canada immigrants under this new pilot program. The upcoming promising investor program will assist 50 selected investors who will make pathway for Permanent Residency (PR) in the nation along with their family.
To meet the shortage, the Canadian government has invited 500 applications and, as mentioned before, only 50 applicants those who satisfy the requirement of education, language skill and ability to adapt in the nation will be selected randomly. The would-be migrants will get six months to submit the necessary documents. Successful Canada immigrants will get PR in the stipulated time.
The program will be effective from the end of January 2015 whereupon the aspiring migrants can lodge their petitions under the scheme. The main purpose of the program is to catch the attention of those wealthy investor who posses those unique business talent which will assist in adding to the society and economy of the Canada.
To make entry to the country, the hopeful migrants will have to clear proficiency language test either in English or French. He needs to submit his post degree education credentials, certificate or diploma obtained from the recognized organization. Last, by no means the least, the aspirant should have at least $10 million income earned from a lawful business. Verification of the business from a service provider is obligatory to cross the border under this pilot project.
