Over the past twenty years, the Bomza Law Group has assisted hundreds of business persons and their families to successfully immigrate and settle in Canada as Investors.
Investors must demonstrate experience in controlling or directing a successful business venture and show that minimum net worth and investment requirements are met. Investments are made for a minimum five year term in government funds, which are passive in nature.
Business experience for the applicant under the Investor Program can be demonstrated by showing previous ownership or management of a business in the applicant’s country of origin.
Ownership is established by showing that the applicant has assumed the financial risk of an enterprise and has undertaken active management of its operations. The Investor applicant is required to provide documentation proving that, within any two of the last five years, they controlled and managed a Qualifying Business.
An applicant will still qualify by providing documentary proof that, over any two of the last five years, he/she was employed in a senior managerial or executive capacity and managed at least five employees in a business.
The required minimum net worth for the applicant under the Investor is CDN$1,600,000. The required net worth must have been legally obtained by the applicant and readily verifiable.
The net worth of the applicant is calculated by taking the fair market value of all of the assets of the investor and their spouse minus the fair market value of all of their liabilities. Business applicants will not be considered to have met the net worth requirement if it is deemed to have been based upon artificial transactions meant to circumvent the Regulations. This is to prevent applicants in the business programs from engaging in non bona fide business organizations or operations which are inconsistent with the intent of the Regulations.
The Investor applicant must make an investment in Canada, and in return for this investment receives unconditional permanent residence for himself and his immediate qualifying family members. After arriving in Canada the Investor applicant does not have to prove that he established a Qualifying Canadian Business or created jobs for Canadians.
There are two ways to satisfy the investment requirement.
Effective July 1, 2011 the Canadian government has placed a cap of 1500 on Investor applications. This will ensure Investor applications are processed in a timely fashion. The cap under this program was met very quickly in 2011, and we strongly urge potential applicants who are seriously considering this category to contact us as soon as possible if they wish to have their applications considered once the program re-opens.
For further information with respect to US and Canadian immigration or to find out if you or a company employee is eligible for temporary or permanent relocation to Canada or the US, we invite you to contact our experienced immigration lawyers and attorneys by contacting the Bomza Law Group at:
1-800-993-9971 or by clicking here: “Contact Us”.