Are you looking to improve your standard of living by moving to a safe and stable environment with new opportunities? If yes, then Canada is one of the countries you can consider. With its diverse population, thriving economy, and welcoming culture, Canada is the perfect destination for those seeking a new home.
You can now take advantage of the investor visa for Canada and move to a place that has stunning natural scenery, good education, and a decent cost of living. Whether you are a business person, a skilled worker, or a family in search of a fresh start, Canada is a country that welcomes all.
What is the Business Immigration Program?
The government of Canada recognizes the role of immigrants in improving its economic output, workforce, revenue and labour market. Hence encourages various immigration programs. One of the most popular programs for immigrating to Canada is the business immigration in Canada program. In this program, the government of Canada provides residence to those individuals who want to either invest in a business or start their own. The program gives out three visa types, divided into the following categories.
Investor Visa for Canada
- Entrepreneur Visa for Canada
- Federal Entrepreneur Program
- Start-up visa
- Self-employed Visa for Canada
- Federal self-employed
- Business PNP Visa for Canada
All You Need to Know About the Canada Investor Visa
In this section, we will discuss the investor visa for Canada in detail. Investor visa programs attract foreign investors who can contribute to the country’s economy. So, it offers immigration to Canada through investment. Any investment you make in Canada can help you reside without any hassle or trouble.
Eligibility Criteria for Investor Visa for Canada
To apply for a Canada investor visa, you need to meet the specific eligibility criteria mentioned below:
- A person willing to move to Canada through investment must have a minimum net worth of CAD 2 million.
- The person must be ready to make a non-guaranteed investment of CAD 1.2 million.
- Investments made in a Canadian business or a government-approved fund.
- The tenure of investment should be a minimum of five years.
- The person must show a minimum of two years of business experience.
- The person should have an average knowledge of French and English languages and a minimum Canadian Language Benchmark score of 3.
- They must submit a Commitment Certificate to the IRCC by the designated institution.
- They must show a letter of support from the designated institution.
- As the Government of Canada does not provide financial support to business immigrants, they should also show enough settlement funds.
- As proof of sufficient funds, the person must bring official letters from any banks or financial institutions where their funds are stored.
- The letters must contain the applicant’s contact number, name, outstanding loans or debts, and certain account information.
- These funds must be available, transferable, and free of debts and other obligations.
- Apart from these financial requirements, they must also meet specific health and security requirements.
- The applicants must undergo an immigration medical exam to become eligible for a Canada investor visa.
- The applicant must provide a valid police certificate for any country other than Canada, mostly the country they currently reside in.
- If any documents or official letters are not in English or French, they must be translated by a Canadian-certified translator or any person who is fluent in both the original and the translated languages.
The Application Process for Investor Visa for Canada
The application process for a Canada investor visa is quite straightforward. The applicant must fill in an Expression of Interest (EOI) form and submit it to the Canadian government. If the EOI gets accepted, the Canadian government formally invites the applicant for a complete application.
For the complete application, the applicant must explain their plan, outline a detailed investment strategy, and submit all the required documents. They will also be required to fill out online and PDF forms and submit related proofs.
Once the submission is approved, the applicant must submit their biometrics. Once the biometrics are registered and approved, the next stage will be a medical examination. If all the reports are normal, then an Investor Visa for Canada will be issued in the applicant’s name. They can then move to Canada, live, work, study there, and apply for Canadian Citizenship after a set period.
Conclusion
Canada investor visa provides an alternative for those who do not find eligibility in other immigration programs to canada. Suppose you apply and avail of an Investor Visa for Canada. In that case, you can reap several benefits, such as living in a safe and developed country with access to an excellent healthcare system and education. You can choose to withdraw or reinvest your investment amount after five years are over. Thus, the investor visa program offers a straightforward path to permanent residency.
