While the much-anticipated mass-exodus of disenfranchised anti-Trump Americans via the Northbound border has yet to materialize, Canada has nevertheless long been a popular choice of migration, and in recent decades its own variant of a Citizenship by Investment program has been much sought after – particularly by wealthy Chinese looking for a new and democratic – if somewhat cold – destination
Despite its preconceived freezing-cold climate, Canada has long been a popular migration choice for everyone from wealthy Europeans, oppressed Orientals to poverty-stricken but ambitious Africans. The Canadian demographic reveals large groups from the UK, China, India, Italy, the Philippines and the US as well as thriving communities of Haitians, Romanians, Germans, Nigerians, Poles and Pakistanis, to name just a few. With its free healthcare, keen sense of democracy and strong economy, Canada must seem like the Promised Land to many foreign investors.
Canada is the northernmost country of the Americas, and shares North America and the English (and French) language with the USA. It is made up of ten provinces and three territories, and it extends from the Atlantic Ocean to the Pacific Ocean, as well as northward to the Arctic Ocean. In terms of area it is the second largest country in the world, with a total landmass of 9.98 million km2, behind only Russia. Canada borders just one country – the United States, and not surprisingly, these nations share the world’s longest bi-national land border, officially known as the International Boundary, which totals some 8,891 km.
While the majority of Canada has a cold climate (rising to severely cold during the winter, with temperatures in Edmonton and Calgary for example regularly dropping to -40) the south of the country enjoys relatively warm summers. Considering its vast size, Canada is relatively under populated (35 million) and the majority of its citizens live in its large cities and towns, many of which border the US. Indeed, a third of Canada’s population is located in its three largest cities/metropolitan areas, Toronto, Montreal and Vancouver. Other highly-populated urban areas include Calgary, Edmonton, Quebec City, Winnipeg, Hamilton and the nation’s capital, Ottawa.
Geographically Canada is dominated by forests and mountainous regions, famously the legendary Rocky Mountains (pictured). It is a nation of breathtaking beauty, and home to an abundance of wildlife including bear, bison, beaver, lynx, wolf, cougar and whale. Canada is keen to protect its wildlife, and has many National Parks and National Wildlife Areas.
Canada has the tenth largest economy in the world and is one of the world’s wealthiest nations. It is a member of both the Organization for Economic Co-operation and Development (OECD) and the highly exclusive Group of Seven (G7). An indication of Canada’s international standing is that the other G7 nations are France, Germany, Italy, Japan, the United Kingdom and the United States, and between them they represent 65% of the world’s wealth, estimated at some $263 trillion.
Like most highly developed nations, Canada’s economy is dominated by its service industry which employs around 70% of the country’s 19 million-strong work force. Canada’s other major industries include oil, logging/forestry (largest in the world), fishing and seafood (8th largest in the world), manufacturing, agriculture, tourism, automobile/aircraft manufacture and increasingly, software.
Canada’s Immigrant Investor Visa program has also proved to be a lucrative addition to the nation’s economy, largely due to the influx of wealthy Chinese investors that have made Canada their preferred nation for second citizenship. Specifically, the southern city of Vancouver is the no.1 target for Chinese investors entering Canada. In little more than a decade, more than 100,000 Chinese have purchased expensive, prime real estate in Vancouver, with tens of thousands more on the waiting list.
Canada Citizenship by Investment Program
While many hopeful high net-worth individuals search their browsers for “Canada Citizenship by Investment”, Canada doesn’t actually have a CBI program as such. The reality is, only eight nations in the world actually have CBI programs; Austria, Cyprus, Malta in the European Union, and Antigua and Barbuda, Dominica, Grenada, Saint Lucia and St. Kitts and Nevis in the Caribbean. Any advertising you may come across pertaining to other nations having CBI programs is false. That said, one can still become a citizen of a country via its investor visa program, it just likely to take several years instead of several months.
Canada Immigrant Investor Visa Program
Since 1986, Canada has had its Immigrant Investor Visa Program which is designed to attract wealthy foreign investors to Canada in return for permanent residency. The program requires foreign investors to loan a specific amount of money to the Canadian government, which is returned – interest free – after a specified number of years.
For many years the largest group of migrants to Canada hailed from the British Isles, but thanks to the massive popularity of the Canada Immigrant Investor Visa Program that number could soon be eclipsed by the vast amount of wealthy Chinese who have arrived in Canada since the late 1980s.
How The Canada Immigrant Investor Visa Program Works
Foreign investors can obtain Canadian residency through the Federal Immigrant Investor Program. Unlike many other countries’ immigrant investment visa programs that start out with the investor first having to make do with a temporary residency permit – often for as long as five years – investors entering into the Canadian residency program receive permanent residency status once they complete the Federal Immigrant Investor Program.
In order to qualify for the program, an applicant must fulfil the following criteria:
- Applicants must have a minimum net worth of $1.6 (Canadian dollars)
- Applicants must have two years of managerial experience
- Applicants must grant $800,000 to the Canadian government in the form of an interest free loan, which will be repaid after a period of 5 years
In return for this loan, an investor will be granted immediate permanent residency in Canada. After three years of residency, an investor can apply for Canadian citizenship. While the Canada Immigrant Investor Visa Program is relatively straightforward, it is nevertheless time consuming and complex. Any foreign investor serious about applying for Canadian residency via the Canada Immigrant Investor Visa Program should seek out the assistance of a second citizenship expert consultancy – like 2ndPassports.com.
2ndPassports.com are rated among the market leaders in the second citizenship industry, and their goal is to find the perfect Citizenship By Investment or Investor Visa program for people that are looking for a greater freedom of movement, either to escape a repressive regime or a war zone, or simply to expand upon their personal business opportunities.
Wealthy individuals from the Middle East, Asia and Africa increasingly find themselves restricted by their nationality and their passport, and the acquisition of second citizenship and subsequent ownership of a vastly more powerful passport will prove to be a life enhancing and life changing achievement. Thousands of like-minded individuals achieve their dream of second citizenship every year – why not make this your year?
For more information on the Canada Immigrant Investor Visa Program contact 2ndPassports.com today. We can give you all the information you require on Canada’s excellent investor visa program, and explain how we can help speed up the residency (and ultimately, the citizenship process), enabling you to apply for Canadian citizenship in less than the specified three years.
Feel free to contact us via email, WhatsApp or Telegram. If you prefer you can chat to one of our expert representatives directly – you can call us using our encrypted phone and Skype lines. All of our contact details are listed at the top of the 2ndPassports.com homepage.
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