As an international businessperson, you can immigrate to Canada under the Federal Investment Immigration program.
However, immigrant investors could qualify for permanent residency under the program.
This program has been terminated.
Who is Eligible for the Federal Investment Immigration Program?
You must meet the following requirements to be eligible for the federal investment program:
- Have a legally verified net worth of at least $1.6 million
- Invest $800,000 out of your own funds for a period of 5 years as a guarantee
- Own and manage a qualifying business with a minimum of 5 employees
- Intend to reside outside the province of Quebec.
As an alternative to the guaranteed investment of $800,000, you could pay a 1 time, nonrefundable fee of $200,000 to a designated financial intermediary. The financial intermediary will make a complete investment in your place.
If you are approved for the Federal Investment Immigration program, then you could receive permanent resident status in Canada.
What are the Requirements for the Federal Investment Immigration Program?
As an investor, to be eligible for the Federal Investor program, you are required to provide the Canadian government with an $800,000 loan, which is paid back in 5 years with no interest.
However, you can avail financial assistance from Canadian banks that way; you only have to invest $150,000 from your own funds.
Applicants under this program also do not need a higher score on the Citizenship and Immigration Canada’s point system. You only require 35 points out of 100 to be considered.
Applicants are scored based on factors such as age, education, work experience, language proficiency, and adaptability.
If your application is approved, then you will directly receive permanent residency without any further conditions.
Frequently Asked Questions (FAQs) About the Federal Investment Immigration Program
The Federal Investment Immigration program was replaced by a pilot program named the Immigrant Investor Venture Capital Fund that requires you to make a substantial investment in Canada.
The government of Canada refunds all the applicants to clear the backlog of this program. Business investors can apply under the current business immigration programs.
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