| In order to be eligible as an Investor under the Business class immigration, applicants must have a net worth of at least $800,000 Canadian dollars. (You may also include your spouse's assets when assessing your net worth, if applicable). The applicant will be required to make an investment of $400,000 Canadian dollars in approved projects in Canada. The provincial government use the funds for job creation and economic development. The full amount of the investment (without interest) is repaid to the investor after five years. The return of the investment is fully guaranteed by participating provinces and territories. Provinces and territories secure the investment against the loss.
Many potential Business Immigrants, though able to meet the program's net worth requirements, may have difficulty raising the liquid assets required ($400,000 CDN) in a short period of time or they do not wish to tie up their money for a period of five years while receiving no interest on the transaction. As a result, the Investor has the option to receive a loan from a financial institution in Canada for up to 70% of the investment. So, the Immigrant Investor deposits $120,000 CDN. (Approx. $75,000 US), borrows the remaining of the $280,000 CDN and nothing is paid back at the end of the term. The Investor's deposit of about $120,000 CDN. (Approx. $75,000 US) is used up by the financial bank to pay the interest charges for the value of about $280,000 CDN loan for the five year term. No monthly payments or interest is required to be paid by the Investor for the loan of about $280,000 CDN. In effect the cost of the program would be about $120,000 CDN. (Approx. $75,000 US) to the investor. |
| Entrepreneurs must have the intention and ability to establish, purchase or make a substantial investment in existing business in Canada that will contribute significantly to the economy and create jobs. The business must employ at least one Canadian citizen or permanent resident other than the entrepreneur and his/her dependents. The entrepreneur must provide active and ongoing participation in the management of the business for at least one year.
In the event that the Entrepreneur does not wish to start his/her own business, then, the entrepreneur must invest in an existing business. A minimum of one-third ownership is required.
Entrepreneur must have business experience. They must have managed a qualifying business and controlled a percentage equity of a qualifying business for at least two (2) years in the period beginning five (5) years before the date of application. The entrepreneur class applicant must have a legally obtained minimum net worth of at least $300,000 and are required to sign a statement that they intend and will be able to meet the conditions or permanent residence. |
