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The Canada Investor Visa is available for applicants looking to make investments in one or more Businesses in Canada. The IIP (Immigration Investor Program) eventually qualifies the applicant for permanent residency. The Canadian government only allows an applicant to enter Canada with one category under the Business Visas. Once the application is submitted the candidate cannot switch onto a different category unless they withdraw.
Benefits
The IIP benefits the applicant with permanent residency after the completion of 3 years on an Investor Visa in Canada which then leads to Canadian Citizenship.
The applicant doesn’t need a Workpermit or a sponsor to apply for a Canada Investor Visa. A successful applicant is free to seek employment in Canada or invest in different businesses within the country.
Eligibility Criteria
All applicants looking to apply for a Canada Investor Visa must suffice the mandatory requirements listed below to be eligible for an Investor Visa. A point based assessment is also done to see how the client qualifies under several different requirements.
• Two Years of Business Experience: An applicant applying for Canada Investor Visa needs to have an experience of 2 years in the past 5 years before applying for this type of business visa is considered.
• Minimum Net Worth of $1,600,000 CDN: To be eligible for a Canada Investor Visa the applicant should be willing to invest at least an investment of $800,000 CDN before the visa is issued and should have a net worth of at least $1,600,000 that was obtained legally. Applicants also have an option to make a one-time, non-refundable payment of $120,000 to the Canadian Government to be considered for an Investor Visa.
• Medical and Security Checks: The applicant and if any dependants must pass a medical examination and a criminal record check.
• Maintenance: All applicants under the working categories of Canada must have enough funds to maintain living expenses of the primary applicant as well as all the dependants. The amount of money the applicants need to support their family is determined by the size of the family.
Your investments will be managed by the Citizenship and Immigration Canada (CIC) and is assured by the provinces in Canada that its sole purpose will be to create jobs and help grow their economy.
Points System
A point based skills assessment is mandatory for a candidate applying for a Canadian Investor visa. Candidates who seek to stay in Canada as permanent residents are assessed and awarded points based on their business experience, age, education, language skill, dependents and adaptability to live in Canada. The applicant has to secure a minimum point’s threshold of 35.
Business Experience
Candidates can achieve between 20 and 35 points under this criteria. Points are awarded based on the applicant’s business experience over the last 5 years.
Age
Applicants can also gain points on the basis of their age. These points apply to applicants who fall between 21 and 49 years only. If the applicant falls out of this age group then 2 points will be deducted for every year.
The table below shows the number of points an applicant will get for their age:
|
Age |
16 or Under |
17 |
18 |
19 |
20 |
21–49 |
50 |
51 |
52 |
53 |
54+ |
|
Points |
0 |
2 |
4 |
6 |
8 |
10 |
8 |
6 |
4 |
2 |
0 |
Education
Candidates can be awarded with 5 to 25 points for their educational achievements. The point will be calculated based on the number of years a candidate has spent in education and the candidate’s highest academic achievements. The points awarded for educational experiences are stated below:
|
For University Degree Qualification |
|
Master or PhD, AND at least 17 years of full-time or full-time equivalent study |
25 Points |
|
Two or more university degrees at the Bachelor's level AND at least 15 years of full-time or full-time equivalent study |
22 Points |
|
A two-year university degree at the Bachelor's level AND at least 14 years of full-time or full-time equivalent study |
20 Points |
|
A one-year university degree at the Bachelor's level AND at least 13 years of full-time or full-time equivalent study |
15 Points |
|
For Diploma, Trade Certification or Apprenticeship |
|
A three-year diploma, trade certificate or apprenticeship AND at least 15 years of full-time or full-time equivalent study |
22 Points |
|
A two-year diploma, trade certificate or apprenticeship AND at least 14 years of full-time or full-time equivalent study |
20 Points |
|
A one-year diploma, trade certificate or apprenticeship AND at least 13 years of full-time or full-time equivalent study |
15 Points |
|
A one-year diploma, trade certificate or apprenticeship AND at least 12 years of full-time or full-time equivalent study |
12 Points |
|
Secondary School (also known as High School) |
5 Points |
Language Proficiency
A candidate needs to be proficient in either French or English. One of these two languages should be marked as ‘first language’ for bilingual candidates. Language proficiency points are allocated for speaking, writing, listening and reading. A maximum 4 points are allocated for the first language and for second language a maximum 2 points are given. Thus, a maximum 16 points and a maximum of 8 points in total can be secured from first language and second language proficiency level respectively. The total points secured from two languages sums up to a maximum of 24 points.
The English language proficiency is mandatory for all application from all nationalities including UK, Ireland, Australia, New Zealand and USA. For your application to be considered you must include results from one of the following language test highlighted by CIC (Canadian Immigration and Citizenship Department):
For English:
• IELTS (International English Language Testing System)
• CELPIP (Canadian English Language Proficiency Index Program)
For French:
• TEF (Test d’évaluation de français)
Contact Capital Visas to know more about the recognised testing agencies who can assist you with the above mentioned tests.
Adaptability to life in Canada
Applicants can gain extra points by signifying an ability to get accustomed to the life and business in Canada.
A max of 6 points can be earned by demonstrating any one of the following:
• You been to Canada for an exploratory business trip in the past five years prior to submitting your application.
• You have been a part of an immigration programme run as a joint federal-provincial initiative.
It is essential that you provide documented evidence indicating that you have met one or both of the above requirements to be awarded points under the adaptability criteria.
Dependants
The Canadian Investor Visa allows an applicant to take their spouse, partner and dependent children to Canada. If the children are not married, then dependents on the applicant who are below the age of 22 can also live with their parents in Canada.
Capital Visas can assist you
Capital Visas being a leading specialist in Immigration can help you in every aspect of your immigration process. Our immigration specialists and caseworkers have a wide range of immigration expertise and experience to assist you through the complete process. Fill out our Free Visa Assessment forms by clicking on the link below or call us NOW and speak to one of our friendly specialists on 0207 100 1919.
