Investor immigration programs can be a great way for entrepreneurs and business owners to get a new residency. If you’ve been thinking about moving to another country such as Canada to expand your company or further your career, these programs could be perfect for you.
So if you want to find out more about Canada’s investor immigration program, keep reading. You will learn some background on why this program was implemented, what the benefits are offered and how you can qualify if this is the investment immigration program that interests you.
What is Canada’s Investor Immigration Program?
The investor immigration canada is an investment program that allows foreign investors, entrepreneurs, and their families to gain entry to the country in exchange for investing a certain amount of money in Canadian businesses. It’s one of several similar immigration programs that exist in various countries.
The investor can apply to the program under one of two categories: Both options have the same requirements, though the amount of money required differs depending on which category you choose. Depending on which option you select, you must invest $200,000 or $800,000 into a Canadian-based business.
Why Canada Created Its Immigrant Investor Program
The investor immigration program was designed to offset the cost of the country’s health and education system for new Canadians. It does this by providing foreign investors with a path to permanent residence in exchange for a substantial investment.
This investment comes in the form of an interest-free loan that the investor makes to the government. That loan is supposed to be paid back with interest over a period of 10 years. Canada’s health and education systems are financed by the government, and those costs are paid for by taxes.
Some of those taxes are paid by citizens who live in Canada, but the majority of funds to run those programs come from non-residents like immigrants and tourists. While it’s not a direct payment for services, it’s a financial contribution that allows investors to offset the costs they are putting on the government.
How to Qualify for Canada’s Investor Immigration Program
The first thing you need to do to qualify for Canada’s investor program is to choose the right investment immigration program for you, which will be provided to you with the help of the most reputable investment immigration law firm here. Once you’ve decided which program you want to apply to, you need to make an $800,000 investment in a qualifying Canadian business.
This Canadian business can be a private company, a partnership, or a government business. If you decide to invest in government business, you have to sign a contract stating that you won’t seek to sell or transfer your shares for 10 years.
If you make an investment in a private company, those terms will vary depending on the company you choose. It’s a good idea to speak to a qualified immigration lawyer before you make any decisions about which business you want to invest in, and you can check out this site to hire the best lawyer for you!