Posted on December 28 2014
The governments of Canada and Quebec have both released information about forthcoming investor programs for Canadian immigration this week. These programs aim to attract high-net-worth investors to invest in the economies of Canada and Quebec, respectively. Successful applicants, as well as their spouse or common-law partner and dependent children under the age of 19, will become permanent residents of Canada.
Immigrant Investor Venture Capital Pilot Program
The government of Canada will give permanent resident status to around 50 high-net-worth immigrant investors, as well as their spouse or common-law partner and dependent children under the age of 19, under its new Immigrant Investor Venture Capital Pilot Program. The government says that the program, which is scheduled to begin accepting applications in late January, 2015, aims to attract experienced millionaire investors who will contribute to economic growth and prosperity. Eligible candidates must:
Citizenship and Immigration Canada (CIC) will accept a maximum of 500 applications for review within a specified period to be announced in January, 2015. Applications will be selected randomly for processing until approximately 50 approved applications are finalized. Applications that are not retained will be returned to the applicant.
CIC aims to grant a decision on each application selected for processing within six months of receiving the complete applications.
Quebec Investor Program
Details regarding the Quebec Investor Program were disclosed this week. These details, together with information available previously, reveal the following factors concerning the program:
Potential candidates must:
Immigration to Quebec through any economic immigration program, including the Quebec Immigrant Investor Program, is done in two stages. The first stage involves the applicant satisfying the requirements of the program itself and receiving a Quebec Selection Certificate (Certificat de Sélection du Québec, commonly known as a CSQ), while the second stage involves the applicant and his or her dependent family members including their CSQs on applications for permanent residence made to CIC.
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