BUSINESS CLASS There has been some changes in Imigration Law of Canada. In investor class, investment amount has been increased from $400,000 to $800,000. One of the objectives of Canadian Immigration system is to support the development of a strong and prosperous Canadian economy. Keeping this objective in mind, Canadian Business class is divided into three categories. 1. Investor class. 2. Entrepreneur class. 3. Self-employed class. You may also immigrate to Canada, if you own and manage your own firm as a Lawyer, Doctor or an Accountant. INVESTOR CLASS Requirements for Investor class: A Foreign National who wants to immigrate to Canada under investor class category must have legally obtained net worth of at least CAN $1,600,000, minimum of two years of experience out of five years and intention to make CAN $800,000 of investment in Canada for a period of five years with Government of Canada which will be refunded to the investor without interest at the end of five years. You and your family members must pass medical examination criminality check even if they are not accompanying you to Canada. If you don’t want to lock-up your $800.000 capital for five years, there is another option. To find out more information about that option, please contact me. Like Entrepreneur category, where ther are conditions you have to fulfill before you become PR, in Investor category, there are no conditions attached. You pay the fee and your all family members become Permanent Residents of Canada. If you have school going children, they will get free education in Canadian schools up to Grade Twelve. For university studies, foreign students pay three times more fee than the students who have Permanent Resident status. So definitely, from a Business point of view, it is a wise decision to invest in Canada and become a Permanent Resident. |
