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
Immigration Forum
