Canada Immigrant Investor Program

By Amir Madadi
Canada Immigrant Investor Program has been established by the Government of Canada in 1986 to attract experienced business people who are able to invest CAD $400,000 into Canada's economy over a 5-year period for whom interested to settle in Canada except the province of Quebec. Currently CIC has temporary stopped accepting applications for this program until the new amendments come into force most probably mid November 2010.

The new proposed amendment will require applicants to show a minimum net worth of CAN $1,600,000 (increased from $800,000) and a five year investment of CAN $800,000 (increased from $400,000). Also, it requires at lease two years of business management experience. In return, the approved applicant will obtain permanent resident status upon arrival in Canada and can live, work, study, and conduct business in Canada and also entering and leaving Canada freely and of course applying for Canadian citizenship after minimum three years after landing in Canada.

Also, for those whom wants migrate to Canada and live in Quebec province, they have to apply through Quebec Immigrant Investor Program; the program have slightly different requirements. You still need to have at least two years management experience plus invest $400,000 (which may increase later November) and provide documents proofing net worth of $800,000 (which the same as Federal Immigrant Investor Program will increase to $1,600,000).