PERMANENT STATUS / BUSINESS IMMIGRATION
Investors
An applicant who is intending to settle in Canada as
an investor must have legally obtained a net
worth of at least $800,000 CDN and must be ready
to make a five-year investment of $400,000 CDN into
the economy of Canada paid to the Receiver General of
Canada. The full amount of the investment is repaid
without interest upon expiration of the five-year term.
The payment is fully guaranteed by the Canadian government.
The deposit of the investment is made prior to visa
issuance.
Another option to invest into the economy of Canada
is to borrow up to $280,000 CDN of the required $400,000
investment. In such case, the applicant has to deposit
irrevocable $120,000 CDN, which equals to the actual
cost of charges for the loan of $280,000 for five years.
At the end of the five-year period the initially deposited
amount would not be repaid to the applicant, and thus
he/she would fulfill the immigration investment requirement.
Besides, the applicant must demonstrate that he/she
has had business or management experience and has controlled
a percentage of equity of a qualifying
business for at least two years in the period beginning
five years preceding the application or has managed
at least five full-time job equivalents per year for
at least two years in the period beginning five years
preceding the application.
The five-year full-time business experience is granted
the maximum 35 points. In addition to the work experience
evaluation, the applicant is assessed against four selection
factors such as age, adaptability, language skills,
and education. The pass mark for these business class
immigrants is 35, whereas the maximum possible score
is 100 points. The pass mark is variable and is determined
by the Minister of Citizenship and Immigration Canada
on an ongoing basis.
The difference between two business programs –
the investor and entrepreneur - is that the first one
is not required to start business in Canada. The immigration
obligation would be fulfilled by investing the required
amount into the economy of Canada.
Fee schedules:
*Fee for processing of the application:
$1050 for the applicant
$550 for spouse or common-law partner and each dependent
child over 22 years
$150 for each dependent child under 22 years
**Right of permanent residence fee (Landing visa):
$490 CDN for the applicant and for spouse or common-law
partner and for each dependent child over 22 years
*The fee is not refundable
** The fee is refundable if CIC did not issue a visa
due to problems with criminal records or medical examination.
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