The minimum
is $400,000 CDN for all investors regardless of the province
where the capital is invested.
The minimum net worth required of
the investor should be $800,000 CDN.
The immigrant investment is secured by the provinces and
territories against loss.
The full $400,000 CDN investment is returned after five years
and three months.
Quebec:
The province of Quebec selects its own investors
and administers its own immigrant investor program.
Quebec has agreed to harmonize its regulations with the federal
program: effective April 1, 1999 there is an increase in the
minimum investment to $400,000 CDN and an increase in the minimum
net worth required of the investor to $800,000 CDN for applicants
in the Quebec investor program.
Immigrant applicants investing in the Quebec investor program
must intend to settle in Quebec.
Immigrant applicants investing in the Quebec investor program
must apply at a Quebec Immigration Office and obtain a Certificat
de sélection du Québec (CSQ) and attach it to their
Business Immigrant Application Form (IMM 0008).
Investors:
Investors must have successfully operated, controlled
or directed a business and must have a net worth, accumulated
by their own endeavors, of at least CAD $800,000. They must also
have made a minimum investment in an approved fund or business
since the date of their application.
Upon admission, conditions
are automatically imposed;
Investors may pursue whatever business opportunities
in Canada they wish, once their initial investment is made;
Investors have little or no control over their
investment and have no access to these funds during the five–year
lock–in period.
Fees in Canadian dollars for
Entrepreneurs, Self-Employed, and Investors:
Canadian Consulate Processing Fee payable
when the applications are submitted
Business Applicant: $1050 CDN
Spouse: $550
Each dependent over 22 years of age: $550
Each dependent under 22 years:$150
Right of Landing Fee (ROLF) Payable to
Canadian Consulate
Each applicant over 22 years of age pays
$975 CDN ROLF. ROLF can be paid anytime during the application process. If
your application is rejected, the ROLF is refunded.
Applicants under 22 years of age dont
pay the ROLF Fee.
What do you mean when you say that my minimum
personal net worth must be “earned by my own endeavors”?
You
must have earned the minimum net personal worth amounts of CAD
$800,000 yourself, either from employment or investment, rather
than having received it as a gift.
When must I commit my money to an approved investment
project?
At
the earliest, you may make your investment any time after you
have submitted your immigration application. At the latest, you
may delay your investment until after you have been notified
by a visa officer that your immigration application has been
provisionally approved. The officer will indicate a reasonable
time period within which you must make the full investment. You
must provide proof of the irrevocable commitment of these funds. The visa cannot
be issued until you produce this evidence and
meet all other applicable requirements of Canada’s immigration
laws. In all cases, an investment is considered to have been
made only after proof has been provided that a) the
full
eligible investment amount has been committed, and b) it was
paid before the expiration of the investment project’s offering
period.
When can I withdraw my money from the investment
project?
If
your immigration application is approved, your investment is,
by law, locked in for five years and three months, during which
it must remain committed by the fund’s managers to the active
operation of the fund or business. When this holding period has
elapsed, you can use the money returned to you in any way you
wish.
What happens to my investment money if my immigration
application is refused?
The
investment project managers will authorize the return of your
investment money once you have provided evidence of refusal to
them.
Do I have to live in the province in which my
money is invested?
No.
Once you become a permanent resident of Canada, you may choose
to live anywhere in Canada.
Processing times vary between visa offices and between
applicants.