CANADA FEDERAL INVESTORS PROGRAMME
The Investors programe seeks to attract foreign Investors into Canada, bringing into Canada more resources to fund economic development and job creation initiatives Canada’s Immigrant Investor Program (IIP) attracting experienced business globally, who bring significant economic benefits to Canada. In order to keep pace with the changing global economy and keep Canada’s program competitive, Citizenship and Immigration Canada (CIC) has new regulations.(Effective December 2010 ) to make an even greater contribution to the Canadian economy.
Benefits of the IIP
Investments made through the program take the form of a five-year, zero interest loan to the Government of Canada. These funds are distributed to participating provinces and territories to fund economic development and job creation initiatives in their regions. While investment strategies vary by region, some examples to date include venture capital investments in clean technology, public sector infrastructure investments (e.g., expansion of broadband Internet access, and construction of post-secondary institutions), loans to small and medium-sized Canadian businesses, and specialized job training for newcomers. The provinces and territories must guarantee repayment of the investments received.
The provinces and territories are currently managing almost $2 billion of 5-year, revolving IIP capital. In 2009 alone, almost $500 million was allocated through the program. British Columbia, Manitoba, Ontario, Nova Scotia, Prince Edward Island, Newfoundland and Labrador and the Northwest Territories participate in the program. Other provinces and territories have expressed interest in joining as well.
Research has shown that the IIP has a positive impact on Canada’s economy. While the program is an important source of investment capital that can be used by provinces and territories, immigrant investors also make significant economic contributions by investing in, acquiring and managing businesses here in Canada. They also bring important links to global economies and an understanding of international markets.
NEW REGULAITONS
Financial
Business immigrants are expected to make a C$800,000 investment or to own and manage businesses in Canada, and must meet certain experience and/or net worth criteria.
• Show that they have business experience
• have a minimum net worth of C$1,600,000 that was obtained legally and
• Make a C$800,000 investment.
Experience
Business experience
To be eligible for the Immigrant Investor Program, you must have:
• Managed a qualifying business and controlled a percentage of equity of the qualifying business for at least two years in the period beginning five years before the date of application
OR
• Managed the equivalent of at least five full-time employees per year in a business for at least two years in the period beginning five years before the date of application
OR
• A combination of one year of experience described in the first point and one year of experience described in the second point above.
Language requirements
Though English is not a necessary requirements of the program it is highly suggested that the applicant has at least some basic language skill in either French or English.
For a working protocol if the programe, please contact CITRN
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