The Canadian Immigrant Investor Program was an initiative of the federal government of Canada created in 1986 to promote the immigration of business people and their families, enabling qualified investors to obtain permanent resident status in Canada. Under the program, successful applicants and their families received permanent and unconditional Canadian residential visas and were then eligible to obtain Canadian citizenship. With the passing of Economic Action Plan 2014 Act (Bill C-31) on June 19, 2014, the program was terminated and undecided applications were cancelled.[1]
Overview
The Canadian Immigrant Investor Program was one of the most popular[2]immigration investor programs (IIP) in the world, but its requirements were not changed since its inception and it had become one of the least expensive ones.[3] As of June 26, 2010, the qualification requirements were doubled and the program was briefly suspended while the new changes came into effect. The new updated program was reopened on December 1, 2010.[4]
At the time of termination, qualified investors needed to have at least two years of business management experience; have a minimum net worth of CAD$1,600,000 (legally obtained); alone or with their accompanying spouse, make an investment of CAD$800,000; and meet certain health and security requirements.[5] The closest alternative to the Canadian Immigrant Investor Program would now be immigrating through the Owner-OperatorLabour Market Impact Assessment (LMIA) pathway, which is a 2 staged process.[6]
^. Arton Capital. August 26, 2010. Archived from the original on February 1, 2011.
^. Citizenship and Immigration Canada. November 10, 2010. Archived from the original on November 15, 2010.
^. Canada Gazette www.gazette.gc.ca. November 10, 2010. Archived from the original on November 14, 2010.
^McKinsley, Sean (May 25, 2019). "Canadian Immigrant Investor (Golden Visa) Alternative". Canada Immigration & Visa Services. Retrieved May 25, 2019.
^McKinsley, Sean (December 26, 2018). "Starting a Business in Canada Under the Owner-Operator Pathway is 2-Staged Program". Canada Immigration & Visa Services. Retrieved May 25, 2019.
canadian, immigrant, investor, program, initiative, federal, government, canada, created, 1986, promote, immigration, business, people, their, families, enabling, qualified, investors, obtain, permanent, resident, status, canada, under, program, successful, ap. The Canadian Immigrant Investor Program was an initiative of the federal government of Canada created in 1986 to promote the immigration of business people and their families enabling qualified investors to obtain permanent resident status in Canada Under the program successful applicants and their families received permanent and unconditional Canadian residential visas and were then eligible to obtain Canadian citizenship With the passing of Economic Action Plan 2014 Act Bill C 31 on June 19 2014 the program was terminated and undecided applications were cancelled 1 Overview EditThe Canadian Immigrant Investor Program was one of the most popular 2 immigration investor programs IIP in the world but its requirements were not changed since its inception and it had become one of the least expensive ones 3 As of June 26 2010 the qualification requirements were doubled and the program was briefly suspended while the new changes came into effect The new updated program was reopened on December 1 2010 4 At the time of termination qualified investors needed to have at least two years of business management experience have a minimum net worth of CAD 1 600 000 legally obtained alone or with their accompanying spouse make an investment of CAD 800 000 and meet certain health and security requirements 5 The closest alternative to the Canadian Immigrant Investor Program would now be immigrating through the Owner Operator Labour Market Impact Assessment LMIA pathway which is a 2 staged process 6 References Edit Immigrant Investor Program March 31 2007 Immigrant Investor Programs compared side by side Arton Capital August 26 2010 Archived from the original on February 1 2011 New federal Immigrant Investor Program will bring to Canada more resources to fund economic development and job creation initiatives Citizenship and Immigration Canada November 10 2010 Archived from the original on November 15 2010 Regulations Amending the Immigration and Refugee Protection Regulations Canada Gazette www gazette gc ca November 10 2010 Archived from the original on November 14 2010 McKinsley Sean May 25 2019 Canadian Immigrant Investor Golden Visa Alternative Canada Immigration amp Visa Services Retrieved May 25 2019 McKinsley Sean December 26 2018 Starting a Business in Canada Under the Owner Operator Pathway is 2 Staged Program Canada Immigration amp Visa Services Retrieved May 25 2019 External links Edithttps www exeo ca blog invest canada immigrant investor program what happened Retrieved from https en wikipedia org w index php title Canadian Immigrant Investor Program amp oldid 1110248138, wikipedia, wiki, book, books, library,
