Canada
Canada is regarded as one of the richest countries in the world because of its irrefutable reputation. Not only does it sit at the top of the list where Human Development Index ranking is involved but also known widely for the quality of life, economic and political environment, security and protection of civil liberties it offers to its citizens.
Residence-by-Investment in Canada
In Canada, the visa subclass is prescribed a criterion that must be met by the visa applicants. It involves two main criteria namely, ‘at time of lodgment’ and ‘at time of decision’. The criteria can also include both criteria for certain applicants. The candidate must meet the criteria and submit application accordingly or else, it could be rejected by the state. For each visa subclass, the candidate must satisfy the requirement of character, public interest and health criteria correctly.
Canada is among the world’s wealthiest countries, with a high per-capita income and a leading trade market. The Canada Start-Up Visa Program is aimed at providing permanent residence to entrepreneurs and active investors in companies and expanding businesses that seek to establish a presence in Canada. Meanwhile, the Quebec Investor Immigration Program is created for global investors who seek a Quebec work permit, with the possibility of receiving permanent residence to the country shortly thereafter.
The Business Innovation and Investment Program
Business Innovation and Investment Program offers four unique visa streams.
Benefits of residence by investment in Canada
Requirements of the Canada Start-Up Visa Program
To obtain permanent residence in Canada, foreign entrepreneurs must propose an innovative, scaling start-up business, approved by a designated organization.
Procedures and time frame of Canadian residence by investment
Canada follows strict measures to process visa applications under concrete policies, laws, legislative instruments, rules and regulations. The Department of Home Affairs can legally terminate your visas and conduct monitoring exercises, cause the migration agent industry regulation and even permit the authorities to conduct a review of your visa application decisions.
Applicants residing in Australia can get their visa applications assessed at the Australian Immigration office while applicants residing outside of Australia can get their visa application assessed at Australian embassy by an immigration attaché. For permanent and temporary visa applications assessment, The Department of Home Affairs is introducing online lodgmentvia electronic.
Normally, Canadian government processes a visa in 12 months but the duration can vary, given the nature of the submitted visa application.
Under the Start-Up Visa Program, clients are required to prepare and submit a business proposal, which needs to be approved by a designated government business organization. Once approved by a business incubator, an angel investment group, or a venture capital fund (depending on the investment option chosen), the client receives a letter of support, allowing them and their family to apply for permanent residence. The process takes 12 to 37 months.
Under the Quebec Investor Immigration Program, the client’s application will be processed by the Quebec Government and the investment can be made after approval is granted. A minimum stay of at least 12 months within two years following issuance of the work permit is required. At least six months of the stay must be completed by the main applicant and the remaining six months can be completed by the main applicant or their spouse. The process takes approximately 12 months to obtain the initial work permit and an additional 12 months for the permanent residence permit.
In order to maintain permanent resident status, physical presence for two out of five years (or 730 days) in Canada is required
At the online portal, Australian employers can easily view the status of individuals who hold visa. Australia has adopted electronic processing of visa instead of physical processing which is why visa labels are not physically placed in the passport any more rather electronically attached to them.
Acquiring Canadian citizenship
After three years (or 1,095 days) of permanent residence in Canada within a five-year period, successful applicants can apply for citizenship.
The Canadian passport holds one of the top 10 ranks on the Henley Passport Index, with visa-free or visa-on arrival access to over 180 destinations worldwide.