Canada Immigrant Investor Program
What is the Permanent Residence Visa Program for Canada?
Permanent Residence Visa Program for Canada created by the Canadian Federal Government for investors and their families enables to become a permanent resident in Canada under the conditions of meeting certain criteria set out by the Government.
What are the conditions of application for the Permanent Residence Visa Program?
Investors intending to obtain permanent residence visa for Canada shall fulfill following conditions;
- Proof of a proper business experience; within this frame, the applicant shall have previously managed or operated a qualified business for at least two out of five years preceding the application
- Personal net worth of at least CAD 1.6 million for the applicant and his/her spouse.
- Investment of at least CAD 800.000 in a Government Bond for a period of five years
- Completion of a medical and security evaluation
- Physical presence for a certain period of time
Apart from the abovementioned investment requirements, the applicant shall submit all documents required for the application.
How long does the process take?
Application process for this Program takes 2 to 4 years.
What are the advantages of this Program?
Having a permanent residence visa for Canada provides following benefits to its holders;
- Holders of permanent residence visa for Canada have the right to travel visa-free, live, work and study without restriction in Canada
- Canada has one of the highest living standards in the world
- Permanent residence visa holders may apply for citizenship after four years of residence under the conditions that the legal requirements have been met
- In case of obtainment of Canadian citizenship, Canadian nationals have the possibility to travel without visa to approximately to 170 countries around the world with their passport.
Ketenci&Ketenci is a leading international law firm advising on global citizenship. Please contact us for further details and queries to obtain Residency and Citizenship in Canada.
FREQUENTLY ASKED QUESTIONS (“FAQ”) IN RELATION TO CANADA CITIZENSHIP BY INVESTMENT PROGRAMME
Why choose Canada?
Malta is safe and stable country with a friendly people since its citizens always feels supportive approach from their government. Dual and Multiple Citizenships are allowed. Additionally, Canada has one of the most powerful passports in the world.
Do I have to travel to Canada to start the Citizenship procedures?
Yes, in order to become a Canadian citizen, the applicant shall reside in Canada for 3 years out of 5 years prior to his/her application.
What are the visa-free travel opportunities for citizens of Canada?
The Canadian passport owners have opportunities of visa-free travel approximately 120 countries, including European countries, UK, US.
Is Canada a tax haven for investors who think of obtaining Canadian Citizenship?
It is hard to call Canada a tax haven. However, there are many advantageous policies and opportunities for investors, highly skilled workers and expats who are considering to immigrate in Canada regarding tax payments. Canada works very well in order to attract business people all around the world, therefore it will not be troublesome to minimize tax payments in Canada.
Is there a possibility for two or more different investors to obtain Canadian Citizenship relying on a single property?
No, sadly there is not such an available option. Canada does not prioritize real estate investments and rather their first aim with regards to Citizenship Programme is to attract high-net-worth individuals and highly skilled workers. Therefore investment via immovable properties has not been offered as an alternative.
Is there any official Code regulating Canadian Citizenship Programme?
Surely. Canadian Citizenship Act of 1977 and Immigration and Refugee Protection Act (IRPA) includes strongly protective and regulative provisions related to attainment of Canadian Citizenship by Investment.
Do you offer real estate options from Canada?
Yes. We are able to introduce you to property advisors who may offer you high quality real estates in line with your priorities from a wide portfolio and assist you with title deed transfer procedures of Canada.
Is Canadian Citizenship acquired/valid for life?
Yes, once the citizenship is acquired, it becomes a permanent citizenship for life for you and the citizenship could also be passed to your future generations.
Can we change our names after obtaining Canadian citizenship?
Yes, the applicant can either apply to change his/her name during the citizenship application or after the citizenship application. If the applicant chooses the first option, then the request shall be submitted to the local offices. If the applicant chooses the second option, then the application is going to include a submission fee along with some additional documents such as a petition for proof application.
How many family members can apply for citizenship along with the Main Applicant?
Spouse and dependent children may apply along with the main applicant.
Is there any language requirement to apply for Canadian Citizenship?
Yes, in order to acquire Canadian Citizenship, the applicant must show that he/she has good command in English or French.
Once Canadian Citizenship is acquired, in the case that the applicant will not stay in Canada, what will be main applicant’s tax liabilities in Canada?
Since most of Canadians are working or living abroad, citizens may still be liable to pay tax. Therefore, if a citizen is going to be out of Country for an extensive period of time, then Canada Revenue Agency (CRA) must be notified on this matter.