Immigrant Investor Program
The Investor class grants permanent residence to applicants who demonstrate an ability to become economically established in Canada on the basis of their business or management experience and a personal net worth of at least C$1,600,000. For applicants in this category, unconditional permanent residence can be obtained, based on a 5-year deposit of $800,000 with the Federal government. The funds, which the government uses for economic development, are returned to the Investor without interest after 5 years. Under applicable programs, applicants can obtain financing and receive legal security on their investment.
Starting on July 1, 2011, a maximum of 700 Federal Immigrant Investor applications will be considered for processing before June 30, 2012.
*NOTE: The maximum cap has been reached. No new Federal Immigrant Investor applications will be accepted until further notice.
Typically, the Investor class, unlike the Entrepreneur Class, is most suited to the applicant who does not intend to become active in an ongoing business in Canada.
To Qualify a successful Investor Class applicant is one who has:
- managed a qualifying business and has controlled a percentage of equity of the qualifying business for at least two years in the period beginning five years preceding the application (the ownership option) or managed at least five full-time (must work 37.5 hours per week) employees per year for at least two years in the period beginning five years preceding the application (the management option); and
- Possesses a personal net worth of C$1,600,000 legally obtained; and
- Invests C$800,000 in a government approved investment fund.