Canada allures immigrant investors
Canada, 9th September: Canada is a favored destination for foreign investors wanting to settle down for doing businesses here.
Canada’s Business Immigrant Scheme—Canada invites immigrant investors to come here through two Canada immigration streams, namely investor and entrepreneur.
Requirement for immigration to Canada under both these streams is having previously managed a business for a minimum period of two years along with minimum financial worth criteria. However, the only difference between these two Canada immigration streams is that immigrants wanting to come to Canada as entrepreneurs require lower net worth as compared to those coming as investors.
Federal Investor program—Canada’s federal investor scheme makes it a requirement for all immigrant investors coming to Canada to invest $800,000 with the Canadian government.
This amount invested by foreign investors will be returned back to them after the expiry of five years and no interest amount will be paid to them.
Under the Federal investor scheme, those getting Canada permanent residence are eligible to pursue various opportunities or interests after coming to Canada.
Meanwhile, it must be mentioned that due to exhaustion of the annual limit of 700 for Federal Investor Program, Canada government will not accept any applications until 1st July, 2012.
Canada Provincial Nominee Program—Canada also has PNPs (Provincial Nominee Programs) in some of its provinces. The PNP offers an easy and a quick path for foreign immigrants wanting to move to Canada for doing businesses.
The criterion of eligibility of each Canadian province is different in accordance with the specific requirements. British Columbia offers three PNP streams for business immigrants. These include Regional Business stream, Business Skills and Strategic Projects.
Requirement of these streams is engaging in management of any business in this province, providing business plan outline and generation of specified jobs for Canada permanent residents or Canada citizens.
Once, all requirements agreed are met by applicants, Canada government issues permanent work permit. Business skills stream and Regional Business scheme enables applicant to begin a business in BC (British Columbia).
These streams are a route to fast-track Canada immigration by asking the applicant to deposit $125,000 with Canada government for getting Canada permanent resident status immediately.
Requirement of investment and net worth under Regional Business stream is less, however, the business must be outside Abbotsford and Vancouver metropolitan region.