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.
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.