Canada’s Immigrant Investor Program (CIP) is a points-based immigration program that provides eligible foreign applicants the opportunity to live, work and invest in Canada. As one of the most popular options for securing a pathway to citizenship, the CIP requires applicants to invest in one of several designated venture capital funds.
In exchange for funding, applicants receive points for their application. Let’s take a closer look at this program and see if you qualify.
Who Can Apply Through The CIP?
There are a number of eligibility requirements to be eligible for the CIP. One of the most important is that you must have a net worth of at least CDN $1.6 million and are able to provide a CDN $800,000 investment in one of the designated venture capital funds. This investment can take different forms, such as a donation, loan, or equity.
If you fulfill all the requirements for this program, it will give you access to Canada’s gateway to immigration. The CIP is an effective way for wealthy individuals to get their foot in the door and start building a new life in Canada with citizenship as the end goal.
How To Qualify For Canada’s Immigrant Investor Program
To qualify for the immigrant investor program canada, you must be in one of three categories:
- You are a national or citizen of a member country of the Organization for Economic Co-operation and Development (OECD)
- You are a resident of a country that has an agreement with Canada to accept immigrants from that country
- You have been accepted as a refugee You must also meet at least two out of four requirements, which are:
- Have a personal net worth of CAD 1.6 million
- Have at least two years of management experience in an organization generating annual worldwide revenues exceeding $500,000
- Be able to show ties such as marriage or close family relationships in Canada
- Possess at least CAD 800,000 in registered retirement savings plans or RRSPs
Advantages Of The CIP
There are a number of advantages to investing in Canada through the CIP. One is that you can work and study in Canada. If you apply for the skilled worker category, you can also be granted permanent residence status upon graduation from a Canadian institution.
Moreover, if you plan to live and work in Canada permanently, investing in one of the designated venture capital funds offers many benefits. You will have the opportunity to have a say on where your investment goes, receive annual returns on your initial investment, and defer any taxes until you decide to withdraw your funds.
Investing through the CIP will increase your competitiveness as well as your chances of being accepted into the program. The program is highly competitive with over 1,000 applications submitted each year for less than 100 visas available per year.
Applicants who invest CAD 800,000 in designated venture capital funds are guaranteed at least 10 points on their application which is enough to make them competitive candidates for immigration approval.