Citizenship and Immigration Canada (CIC) will accept permanent resident applications received under the Immigrant Investor Venture Capital Class starting on May 25, 2015.

The first 60 complete applications received (including complete applications received in previous intake periods) will be put into processing. In addition, CIC will retain a waiting list of up to 60 additional applications which meet the requirements of the initial completeness check. These applications may be put into processing if they are required to arrive at the target of up to 60 permanent resident visas/approvals issued under this class.

Intake will remain open under the Immigrant Investor Venture Capital Class until one of the following:

• Sixty permanent resident visas/approvals are issued under this class;
• Sixty complete applications have been received and put into processing and 60 applications that meet the initial completeness check requirements have been retained on the waiting list; or
• December 30, 2015.