CANADA CITIZENSHIP BY INVESTMENT
What is Canada Citizenship by Investment?
Numerous immigration schemes exist in Canada to assist foreigners in immigrating and obtaining citizenship. The majority of them set severe requirements for applicants’ qualifications, age, and occupation. If applicants make economic investments or start a business there, they can become residents or citizens of Canada more quickly and easily.
All family members, including common-law partners and children under the age of 18, are eligible for immediate citizenship by investment. Children who are adults must apply and contribute on their own. Citizenship is passed down to future generations once it has been acquired. The husband and wife’s parents, however, cannot be added to the initial application because they can only immigrate to Canada once the investor’s family has moved.
Why should I apply for this program?
Canadian citizenship by investment offers the following advantages:
- Visa-free travel to 180 countries: including the United States, Japan, China, Hong Kong, Australia, and the European Union
- Canada recognizes dual citizenship, allowing applicants to keep their original citizenship
- Free health insurance in an advanced healthcare system
- No taxes on inheritance or income earned abroad
- The possibility to conduct a business focused on the North American market
- Low taxes
- High standard of living: Canada ranks high in the rankings of the best countries to live in
- Attractive pension and benefits
Am I eligible for citizenship by investment program?
Investment alone is not sufficient. In order to obtain a Canadian passport, the applicant must meet the following six criteria:
- Be a business owner, a shareholder in a private company, or have worked for at least two years in a managerial position in a company with a turnover of 50,000 Canadian dollars (CAD) (= $39,400) per annum;
- Meet the qualification requirements: score at least 40 points out of 100 on a special scale. The applicant is assessed based on age, knowledge of English and French, educational level, management experience, and time spent in Canada.
For example, meeting the requirements of managerial experience and investment earns 10 and 25 points, respectively. A university diploma is given 6 points. Applications submitted by applicants with proven knowledge of the French language at the B1 level are examined on a priority basis;
- Own assets of 2,000,000 CAD (=$1,570,000) and prove that they were earned legally. Funds on deposits, the value of securities, real estate, and other assets of both spouses are taken into account;
- Not infected with socially dangerous diseases, such as HIV;
- Have no criminal record or violations of Canadian immigration laws or Canadian visa requirements;
- Pass (with a score of at least 75%) the test on knowledge of the history and traditions of Quebec.
What do I need to prepare?
To know about regulations, the application process, and required documents, contact us to get free consultations.
