Investor Program

[simonvee]

Hello everybody,

Just wanted clarify a things. Okay.....

To be considered an Investor Immigrant under the Federal program, a foreign national must have owned or managed and controlled a qualifying business for at least two years in the five years prior to submitting the application for immigration to Canada, a legally obtained net worth of at least 800,000 Canadian Dollars, and invest 400,000 Canadian Dollars for five years.

One of the requirements of the investor program is to invest $400,000 for 5 years, in other words, lend the Canadian government $400,000 of which will be refunded after 5 years is this correct? So it's not $400,000 of which an applicant must invest for themselves per se? E.g. Buying a business in Canada (Restaurant) for $400,000? I'm hoping that it is the latter.

 

[PMM]

Hi

Hello everybody,

Just wanted clarify a things. Okay.....

To be considered an Investor Immigrant under the Federal program, a foreign national must have owned or managed and controlled a qualifying business for at least two years in the five years prior to submitting the application for immigration to Canada, a legally obtained net worth of at least 800,000 Canadian Dollars, and invest 400,000 Canadian Dollars for five years.

One of the requirements of the investor program is to invest $400,000 for 5 years, in other words, lend the Canadian government $400,000 of which will be refunded after 5 years is this correct? So it's not $400,000 of which an applicant must invest for themselves per se? E.g. Buying a business in Canada (Restaurant) for $400,000? I'm hoping that it is the latter.

You have to "loan" the Gov't $400K for 5 years, and it is returned with no interest after the years, or you can go through one of the investment companies list of www.cic.gc.ca and give them $125K which you get nothing back (other than a visa) Buying a business isn't for $400K won't be considered under the Investor program. You would be better off looking at one of the Provincial PNP schemes for business investors, might be more suitable.

PMM

 

[hanh]

I have submitted application to come to Canada as federal investor and made a contract with National Bank in Toronto in which I will givethem Cad $ 120.000 .