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by doublerebel
5022 days ago
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Last I looked a few months ago, the minimum investment was $750K CAD. Now it is $800K, with a $1.6MM CAD net worth. Citzenship and Immigration Canada "will return your C$800,000 investment, without interest, about five years and two months after payment." [1] I think it is important to note that their foreign-invested business programs have become backlogged in processing, and have been holding onto the life savings of many Chinese citizens since 2007. [2] The article hints that small teams will be accepted, but also says "Canada seeks ... immigrants who will contribute to Canada’s job growth", so the number of Canadian employees will be the deciding factor along with the amount generated for the economy. From my experience with US friends who have Canadian work visas, Canada is strict and will not allow foreigners to remain long without an employee sponsor. It's also difficult to acquire citizenship without several years of residence. I would guess that hiring foreigners will be accepted as long as the investment amount is high, but the likelihood that they will become permanent residents is very low. [1] http://www.cic.gc.ca/english/immigrate/business/investors/in... [2] http://news.nationalpost.com/2012/08/12/chinese-citizens-dem... |
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You need a spend a certain amount of time living in Canada as a permanent resident (3 years, non-contiguous, although this figure may be out of date) to be eligible for citizenship, but if you have permanent residency you have almost the same rights as a citizen. It's getting the permanent resident status that's hard. There is no requirement to live in Canada under another visa to obtain permanent residency - you can apply for and obtain permanent residency status from your home country before arriving in Canada. That's how the majority of non-family sponsored people immigrate to Canada.