Changes to Entrepreneur visa.

[Lubs64]

CIC have announced that they are going to make changes to the Entrepreneur Class Visa. Until the changes are made, from 1st July 2011 they are introducing a temporary moratorium on new federal entrepreneur applications.

CIC News Release 24/06/11:
‘In addition, the Minister is introducing a cap of 700 on new federal investor applications. Although last year, CIC made changes that raised the minimum net worth and investment requirements, it continues to receive applications in excess of what is required. An annual cap on new applications will allow for progress on backlog reduction while ensuring that the Department has a sufficient volume of new files to meet its commitments.
The Minister is also introducing a temporary moratorium on new federal entrepreneur applications. Wait times for this program currently stretch to eight years in some visa offices. By ceasing to accept new applications as of July 1, the government will prevent further processing delays. The federal Entrepreneur Program will undergo a review in the coming months to ensure that Canada is better able to attract and retain innovative entrepreneurs.’

 

[Pummelchen]

People who manage to have a big bank account should be given PR within days and not years. They are able to create jobs and boost economy. The current process is totally nonsense. A waiting list that takes years ? Its easier to get PR based on a cheated marriage than being a business investor.

 

[rjessome]

People who manage to have a big bank account should be given PR within days and not years.

I'm sure all the drug lords and mafia would love it if CIC felt the same way but it's not that simple.

I know that's not what you meant. These applicants could always choose one of the Provincial Nominee Categories for Business Investors if they are serious about starting a business in Canada.