Immigrant investor applications to be accepted by Citizenship and Immigration Canada

Immigrant investor applications in Canada

On December 1, 2010, applications for the federal Immigration Investor Program will be accepted by Citizenship and Immigration Canada. The program was suspended in June 2010 because of a backlog in applications, as well as to prevent a spike in applications after recent changes were made.

New qualifications for Immigrant investor applications in Canada

Canada has the lowest requirements for our investor program when compared to other countries according to Citizenship and Immigration Canada. Previously, immigrants needed a net worth of $800,000 and had to make an investment of $400,000. Now, both of those figures have doubled:

As of December 1, 2010, applicants must have a net worth of $1.6 million and be able to make an investment of $800,000.

“Higher investment amounts mean provinces and territories will receive more investment capital to put toward job creation and economic development projects,” said Citizenship, Immigration and Multiculturalism Minister Jason Kenney in a statement.Permanent residency visa for immigrant investor applications.

Permanent residence visa for immigrant investor applications

Under the Immigrant Investor Program, immigrant investor applications will have the applicant receive a permanent resident visa along with guaranteed repayment of their initial investment.

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Any information provided here does not constitute legal advice and is intended for general information only. Should you require legal advise, you are encouraged to contact a lawyer directly. All blog postings are public and are not subject to solicitor/client confidentially. Case results depend on a variety of factors unique to each case, and case results do not guarantee or predict a similar result in any further case undertaken by the lawyer.

About Michael Niren

Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the American Bar Association. He is frequently called upon to appear in the media to discuss Canadian and US immigration issues effecting North Americans. He has been interviewed by Canada AM, CTV, Canada News Net, the Globe and Mail and the Toronto Star and has given lectures on immigration topics overseas.

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