The federally run Immigrant Investor Program also known as the IIP, facilitates the entry of foreign business persons and investors into the thriving Canadian economy while providing the benefit of permanent residency. The Immigrant Investor Program seeks business people to invest $800,000 CAD, which is a passive investment with the Receiver General of Canada.
100% of the funds are guaranteed and returned without interest after a period of 5 years. For qualified individuals who may not want to use their personal funds for the $800,000 CAD investment, the opportunity to borrow the funds also exists through one of My Visa Source’s approved partners.
The opportunity for a business to thrive in Canada is only fortified by the country’s great financial resources. Those that would look to take advantage of such opportunities would benefit greatly by the counsel of experienced immigration professional.
Who is the Canadian Immigrant Investor Program For?
The Federal Immigrant Investor Program is for business people with qualifying experience along with a minimum net-worth of $1,600,000 CAD. Such individuals are deemed to bring an exceptional amount of benefit to the Canadian economy, therefore the IIP allows for both them and their family to obtain permanent residence in Canada.
Although there is a requirement for a net-worth of $1,600,000 CAD, there is no requirement to transfer the funds or assets to Canada aside from the 5 year deposit.
What to Ask a Licensed Canadian Immigration Professional About this Investor Program?
An opportunity such as this can be momentous for any international business and certain should not be stunted due the lack of the proper questions being addressed.
Here are some very important questions you want to ask any immigration professional you are planning on hiring to help you with your Canadian Federal Investor Program application:
- If their is a cap associated with the Immigrant Investor Program and what the appropriate steps to take are if the cap has been reached to ensure a successful application when reset in the future?
- How is an individuals net-worth verified in their country of origin.
- What are the tax consequences associated with his or her net-worth abroad?
- If one is borrowing the funds for the $800,000 CAD investment, one would want to know, what is the interest payment associated with borrowing the funds?
Why Contact My Visa Source for an Assessment?
Lawyers at My Visa Source dedicate themselves to your immigration case, providing legal representation tailored to your personal situation. Our expertise focuses on immigration and visa programs for Canada and the United States, including global immigration.
Partnering with an award-winning immigration team greatly increases the likelihood of achieving your specific immigration or visa goals. Immigration is a complex process that requires strong legal strategy, precise paperwork and perfect attention to detail, reducing the risk of wasted time, money or permanent rejection.
Begin Your Application for the Immigrant Investor Program Today
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We have a dedicated team of licensed professionals standing by, ready to answer your immigration and visa questions. Book a personal consultation to speak with an award-winning immigration lawyer over the phone, on Skype or in-person at our downtown Toronto and Vancouver offices.