Study recommends expanding Immigrant Investor Program

Immigrant Investor Program should be improved: study

A group that provides economic, financial and business strategy consulting to government agencies and businesses released a study at the end of March that concluded that the Government of Canada needs to increase their opportunities for immigrant investors.

The program they feel needs to be expanded a bit further is the Immigrant Investor Program, which pumps approximately $2 billion into the Canadian economy every year.

The Immigrant Investor Program is in place to attract foreign business people to come and invest in Canada. Citizenship and Immigration Canada requires that applicants can prove they have adequate business experience, have a minimum net worth of $800,000 as well as make a $400,000 investment in Canada. This investment is then managed by Citizenship and Immigration Canada and is used to grow the economies and create jobs in various provinces across the country. The investment is returned to the applicant over five years later, without interest.

Over 34,400 immigrants have used the Immigrant Investor Program to come to Canada. When family members are factored in, this total number grows to 130,000. Immigrant investors are allowed to being three family members with them, almost double the amount that other applicants for immigration in economic categories are allowed.

Almost half of the immigrants who come to Canada through the Immigrant Investor Program settle in British Columbia, and 23 per cent settle in Ontario.

Three prominent Canadian economists said in the study that more immigrant investors would help mitigate Canada’s economic and business issues.

Their recommendations for boosting the program’s effectiveness include reducing the processing time of these applications and improving their integration into Canada, and further analysis of the initial contribution and wealth requirements.

Please contact Niren and Associates immigration law firm should you have any questions regarding the Immigrant Investor Program at info@visaplace.com or 416 410 7484

[gravityform id=1 name=Havea Question? ]
Michael Niren

About Michael Niren

Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the Associate Member of the American Bar Association. Read more

  • MAx D

    Business Immigration should be facilited.

The content and comments of this blog are not legal advise and and may not be accurate or complete. If you require legal advice, contact a licensed legal practitioner directly. If you post on this blog, you assume full responsibility for disclosing your identity to the public and VisaPlace nor its affiliates are not responsible for protecting your privacy nor your identity concerning your participation in our blog and you assume any risks in participating.

Customer Reviews

Migrating is a hard task for anyone. Finding a job is even harder. Once I got a job offer, things started moving rapidly. So, I called used VisaPlace (Niren and associates) to assist with the process. Rania and Richard deserve the utmost respect in getting the job done. They have been patient with me and some set backs. Very professional.! Hands down, money was well spent. Thanks Rania and Richard, you make an awesome team. You'll definitely have a repeat customer with me !! I was very impressed at how well they were organized and had a positive experience. Very good and professional work led to a successful outcome. I highly recommend using VisaPlace.

RenaisTTa week ago

I'll like to say I had an awesome initial consultation with Rania Abboud. She was knowledgeable, made the initial process easy and understood my situation. I am excited and hopeful to continue consulting this company. You do a great job for immigrants. Also, Natalie Walcz was great, she handled my situation professionally. Great team. Definitely assets to your company.

Jeffery Yirenkyi2 weeks ago

Completely smooth process. Rania did a great job in my Canada work permit. The team is absolutely competent and knowledgeable. Alicea was so amazing and was able to answer any of my questions immediately. I had peace of mind throughout the application. I would recommend them to other friends looking for assistance with their applications.

Theressa Jaranillaa month ago

Associations