2016 Canadian Start-Up Visa Investor Program

Inorder to attract new age entrepreneurs and businessmen to Canada, the Canadian government has come up with startup visa investor program which issues the eligible entrepreneurs/businessmen and investors with Canadian permanent residency status.

To qualify for the Canadian start up visa investor program, initially, you must make out a best investment plan and then you get to make an exploratory visit to the country to meet the potential businesses and avail the knowledge of their business operational process. Once you return to your home country and make the final decision, then your paperwork for the immigration procedure will be taken forward and your investment funds will be transferred into a secured Canadian account. After the funds are transferred and your family visa application is approved, you get to work within the business in Canada in which you have invested. Within six months, you and your family moves to Canada as permanent residents and enjoy all the benefits of a Canadian lifestyle.

Moreover, to qualify for the startup visa investor program, you must have the required qualifications, business background or managerial experience, language requirement, security and medical clearances etc. But still, the start-up investor visa program is the fastest immigration program in Canada which enables the investors and entrepreneurs to move to Canada with their family as permanent residents. Even if the project fails, the investors need to worry as their permanent residency status will continue.

It’s claimed that the start-up visa program is gaining popularity among the start-up companies in Canada. 

Possible Changes in the EB-5 Immigrant investor program

EB-5 investment program is considered to be the fastest immigration option for the investors and their family including unmarried children below 21 years of age to secure a USA Green Card with the initial investment of $500,000. US Senators has tabled a bill in the Senate Judiciary Committee demanding amendments in the EB-5 investment program. As of now, the bill haven’t been approved by the Senators, so applicants who are interested can pick this opportunity to invest in the program and secure a conditional green card for him/her as well as their family.

Following the bill being tabled in the senate, there is a possibility of changes in the investment program requirements such as the investment amount, employment area definitions, job creation requirement, source of funds, etc. The new investment amount however hasn’t been announced yet but there are speculations that:

•  Investment amount might be increased to $800,000 instead of $500,000 for targeted employment area whereas $1.2 million instead of $1 million for non-targeted employment area.
• It is also possible that the EB-5 program which provides a conditional permanent resident is likely to be changed to permanent inorder to avoid renewals.
• It might be made mandatory for investors to provide seven years of tax returns.
• Funds gifted by the applicants spouse, parents, child, sibling or grandparents can be taken into account.
• Concurrent filing period for I-526 and I-829 is likely to be reduced to 150 days and 180 days respectively.
• Job creation requirements likely to be changed as it was required to create 10 full time indirect or direct jobs but now it might be changed to 10 full time direct jobs.

All the above changes have not been finalized yet so before the amendments are made, consider choosing EB-5 investor program and in return for investment and creation of jobs in the USA, you and your spouse along with unmarried children below 21 years of age will become eligible to apply for the USA Green Card.

Better Opportunity for Indian Companies to invest in Canada

The decrease in crude oil prices and reduction in investment into the energy sector in Canada comes as a perfect time for many of the Indian companies to make an investment.

Canada is also keen in welcoming more Indian students interested in seeking higher education as the working population in Canada is nearing their retirement stage and the country needs to enter new force in the job market. So, India can expect cooperation from the Canada in the education sector as well. Moreover, focusing on the hydrocarbon sector, the private and public sector companies in India have huge opportunities as the energy prices are also extremely low in Canada. Looking at all the huge opportunities available to private and public sector companies, it’s the right time for Indian companies to make the investment into the Canadian oil sector. Once our Prime Minister Narendra Modi has said that Canada has agreed for a long term supply of uranium to India inorder to promote the Canada-India ties and so Indian companies should grab the opportunities.

Mr. Modi also said that Canada has the capacity to attract more number of Indian students and are eager to welcome more students and want them to stay back even after the completion of their programs because Canada is one such country with reducing working population. The one with high education and industrial experience are among the largest immigrant in Canada.   

CIF Chief Someshwar said that inorder to attract more Indian students as well as investors the Canadian government has ensured to ease the visa processing. Ultimately, the investors along with the family reside in Canada whereas for Indian students, Canadian government allows them to stay back in Canada for limited period of time to get a job offer and issue a work permit.