With its high standard of living, excellent healthcare system, quality education, and strong economy, Canada has become a popular destination for immigrants from around the world.
Whether through employment, investment, or family sponsorship, obtaining residency in Canada opens doors to a multitude of opportunities. This includes a chance to become an integral part of the country’s multicultural society.
The Canadian government provides various pathways to residency, each with its own requirements and criteria. From skilled workers to entrepreneurs, students to family members, Canada offers a range of options for individuals seeking to make Canada their new home.
The Quebec Immigrant Investor Programme (QIIP)
The QIIP is a provincial programme designed for individuals with a high net worth who are interested in settling in the province of Quebec. To be eligible, applicants must have a net worth of at least CAD 2 million. Additionally, they must be willing to make a government-approved investment of CAD 1.2 million for a period of five years.
The Canada Start-up Investor Visa (SUV) Programme
For entrepreneurs looking to establish and actively manage a business in Canada, the Startup Visa Programme offers a pathway to permanent residency. To qualify, applicants must secure a commitment from a designated organisation in Canada. This includes venture capital funds, angel investor groups, or business incubators.
Approved investors can obtain a permanent status in Canada for themselves and their families. They can do this while building certain businesses in Canada and creating jobs for Canadians.
The Canada SUV Programme targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that:
- are innovative
- can create jobs for Canadians, and
- can compete on a global scale
Investment options under the SUV Programme
To obtain permanent residence in Canada, foreign entrepreneurs must propose an innovative, scaling start-up business, approved by a designated organisation.
Business incubation: no minimum investment is required, but confirmation that the start-up is part of a designated Canadian business incubator programme.
Angel investment: raise CA$75,000 from an angel investment group, depending on a certain stage of the business. Investors will incorporate a start-up business with a Canadian government approved angel investor. Applicants must pass an interview with the angel investor in order to obtain the letter of support.
Venture capital fund: raise CA$200,000 from a venture capital fund, depending on a certain stage of the business.
The Provincial Nominee Programmes (PNPS)
Under the PNPs, various provinces in Canada have their own streams that allow individuals to invest in specific sectors or regions. Each province has its own eligibility criteria and investment requirements.
Examples include the British Columbia Entrepreneur Immigration Program and the Ontario Immigrant Nominee Programme.
The Atlantic Immigration Pilot Programme (AIPP)
The AIPP is a joint federal-provincial initiative specifically designed for the Atlantic provinces of Canada, including New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
This programme targets foreign entrepreneurs interested in starting a business or acquiring one in the Atlantic region.
The Federal Self-Employed Programme
The Federal Self-Employed Programme is ideal for individuals who possess relevant experience in cultural activities, athletics, or farming and have the intention to be self-employed in Canada.
Applicants are assessed based on their ability to contribute to the cultural or athletic life of Canada or establish a farm.
The Immigrant Investor Venture Capital (IIVC) Pilot Programme
The IIVC Pilot Programme is aimed at attracting experienced business individuals with a high net worth. They must be willing to make a non-guaranteed investment of CAD 2 million into a Venture Capital Fund for a period of 15 years.
It’s important to note that each investment programme has its own specific requirements, processing times, and application procedures. It is advisable to consult with a qualified immigration lawyer or consultant to ensure a smooth and successful application process.
Canada offers a range of investment options for individuals seeking to obtain permanent residency. Whether through the QIIP, the Startup Visa Program, or the PNPs, each program provides its own unique pathway to achieving your goal of becoming a Canadian resident. Take the time to explore these options and find the one that best suits your needs and aspirations.
How we can assist
At CS Global Partners, we specialise in citizenship and residency solutions. With our extensive knowledge and expertise in this field, we can provide invaluable assistance to individuals seeking dual citizenship.
From guiding clients through the application process to helping them select the most suitable economic citizenship programme, CS Global Partners offers comprehensive support every step of the way.
Our team of experienced professionals ensures that clients receive personalised advice, reliable information, and efficient service. By collaborating with CS Global Partners, individuals can navigate the complexities of CBI with confidence and peace of mind.
