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Canada is very well known for the high quality of life and economic stability it has attained; hence, it makes it very attractive for investors looking to travel to Canada for its Investor Visa Program. The Canadian Visa Program offers permanent residence to business people in exchange for a substantial investment in the Canadian economy. Before applying here's what you need to understand the Canadian Investor Visa Program.
Canadian Investor Visa Program?
The Canadian Investor Visa Program, commonly known as the Investor Immigration Program, allows foreign nationals to obtain permanent residence through a substantial investment in the economy of Canada. This program was initiated and offered by the government of Canada in the interest of boosting the economy and creating employment.
Primary Elements of the Investor Visa Program
Investment Requirements:Â This involves a significant amount of investment to be eligible for. The most popular one, the Quebec Immigrant Investor Program, requires them to have at least a net worth of CAD 2 million and alone in some government-approved investment or with the spouse an investment of CAD 1.2 million, which is to be held for at least five years.
Business Experience:Â The Applicant must be able to show substantial business experience; this usually means at least two years in a managerial or executive position in the past five years. The business experience must show a proven track record in managing investments or operating a business.
Settlement Funds:Â An applicant also needs to show sufficient settlement funds for the maintenance of a livelihood for him and his family at the time of arrival in Canada, besides the principal investment.
Admissibility Requirements:Â The applicants for the visa will have to meet the general admissibility requirements such as health and security background checks. Any conviction or health problems disqualifies an applicant for the visa.
Operational Procedure of the Program
Application Submission:Â The applicant has to arrange and submit a comprehensive application to the appropriate Canadian immigration authority, mentioning his or her financial background, business experience, and an explanation of the intended investment.
Processing Time:Â Processing times vary depending on the number of applications received at any one time and on individual case factors. Keeping current on processing times and always check that all documents should be correct and complete can help to avoid delays.
Approval and Investment:Â If and when approved, applicants must invest the required amount, normally in the form of government bonds or other approved investment vehicles. The money is held for a period, usually returned at the end of this period, without interest.
Permanent Residence:Â Applicants, upon investing the stipulated amount and residing in Canada for a stipulated period of time, have an option to attain permanent residence, thereby acquiring the right to stay and work in Canada.
Benefits of the Canadian Investor Visa Program
Good Healthcare and Education:Â You and your family will receive good healthcare and education as a permanent resident under Canada's excellent healthcare system and high-quality education in top universities and schools.
Sound Economy:Â The country has a diversified and stable economy that offers a very secure environment for investment due to the existence of its solid financial institutions, well-regulated markets, and high standard of living.
Citizenship:Â You can become a citizen through the course of the Investor Visa Program in Canada. You can qualify with attendant rights and privileges by residing in Canada for three years within five years under citizenship.
Family Advantages:Â This type of permanent residence is further extended to include your spouse and dependent children, thereby opening health, education, and other social services to their disposable.
Challenges and Considerations
High Investment Requirement:Â Needless to say, the financial requirement is high and may bar many. Only apply if you are sure of fulfilling the financial eligibility.
Changes in Program:Â Any immigration program may undergo changes; therefore, it's upon you to keep abreast with changes in the requirements or conditions attached to the Investor Visa Program.
Complex Application Process:Â One should expect that applying will be complex and it will require heaps of documentation. An immigration consultant or an attorney specializing in investor immigration may be consulted to make things easier.
The Canadian Investor Visa Program is the best route to permanent residence status in Canada for high-net-worth individuals and experienced businesspeople. It only goes without saying that intensive investment requirements are well worth the best-rated healthcare and education, with a high standard of living that Canada has to offer. So, with Oasis-india support you can easily get your investor visa, the Canadian Investment Immigration Program will be your key towards a prosperous future in Canada.