Canadian Citizenship For Investment In 2021
To attract foreign investment and grow the economy, Canada offers several immigration avenues for wealthy investors and entrepreneurs to relocate and become Canadian citizens through investment. They can reside and/or do business there on favorable terms, including tax benefits. In addition to financial investment, the government aims to attract talent, expertise and innovation from all over the world.
The proceeds from the program investments are used by the Quebec government to develop all districts and finance two business support programs: the Business Assistance to Immigrant Investors Program (BAIIP) and the Program to Support Immigrants and Minorities for the Integration of Immigrants in the Workplace (PRIIME).
Benefits Of Investing In Canada
Canada is a strongly developed mixed economy. It offers endless opportunities to foreign investors and entrepreneurs in exchange for their contributions to the country’s economy.
- High ranking in terms of civil liberties, quality of life and economic freedom.
- High level of education and health care.
- Cultural, religious and ethnic tolerance.
- Safe and stable environment with low crime rates.
- High quality of life and affordable housing.
- Open, dynamic, and opportunity-laden economy.
- Free and democratic multi-ethnic society.
- Tax breaks and low cost of doing business.
- Visa-free or simplified visa-free travel to about 160 countries of the world.
- Dual citizenship is recognized.
Permanent Canadian Residency For Investment In 2021
Investing in Canada is one of the best ways for passive investors and top executives to obtain permanent Canadian residency status.
Once an immigrant investor receives a permanent residency visa through one of the investment programs (such as Quebec Investor), he/she has the right to live, invest, work and study anywhere in Canada without any restrictions.
For example, in Quebec, there is no obligation to create or purchase companies, unlike other more active programs for immigration to Canada for entrepreneurs operating in other Canadian provinces.
In any case, the new permanent resident of Canada, once granted a permanent residency visa, will enjoy all the rights granted to Canadian citizens. For example, such as:
- free universal health care,
- free education for children and almost free university (Canadian universities have a very high reputation worldwide).
Permanent resident status does not have only the ability to automatically obtain Canadian citizenship and the right to vote right away.
Investment Citizenship Canada in 2021
After only 3 years of physical presence in Canada (not necessarily consecutive years if you travel a lot), a permanent resident of Canada and his/her family are eligible to apply for and obtain a Canadian citizenship and passport under the Residency in Canada Investment Program. This step will allow family members over the age of 18 to travel to most countries of the world without a visa and to vote in any election held in Canada and their province of residence. All this is possible thanks to the investor program.
The Canadian Investor Visa provides the opportunity to become a permanent resident of Canada for high-income family business immigrants.
Quebec Program For Investors QIIP
The Canadian Investor Program offered by the Province of Quebec is especially popular with affluent families.
You can plan with confidence to immigrate to Canada, knowing that the Investor Program in Quebec is regulated and controlled by the government, unlike other countries.
The Quebec Investor Program is the only passive investor program in Canada that has no specific age restrictions, language or diploma requirements, and no need to open, buy or operate a company in Canada. This gives you complete freedom for the future and the ability to plan to sell your existing business at the right time, at the most reasonable price, before you move to Canada as a passive immigrant investor with Canadian unconditional permanent residency.
If you are a business owner or working in a management position with compelling evidence or managing resources or employees, and you have at least 2 million Canadian dollars (CAD) in equity, this program is the best and often only available option for people over the age of 46.
The Quebec Immigrant Investor Program is designed for business owners or salaried directors and managers. One allows you to immigrate to Canada as a permanent resident in about 36 months after you apply.
What Will QIIP Do With Your Investment?
The required investment is invested in a term security guaranteed by the Government of Quebec. Part of the interest earned on this investment is used to pay several financial intermediaries, such as brokerage firms. The rest of the interest earned on your investment is given to local small businesses in the form of interest-free loans and is invested in sponsoring refugees and other immigration programs that benefit Canadian society.
By doing so, immigrant investors are contributing to Canada’s economic development in advance and indirectly helping to create jobs in Quebec and Canada.
In exchange for your contributions, QIIP in Canada and Quebec will provide you with the opportunity to become a permanent resident of Canada without regard to any other requirements.
Given the risks of foreclosure in some countries with fuzzy property rights and corrupt practices, QIIP may be the best investment you will ever make, and the most strategically valuable gift for your entire family.