Canada Kick Starts The New Investor-Venture Capital Pilot Program

The kick start of the new Investor-Venture Capital Pilot Program of Canada that is promising towards offering PR status to approximately 50 millionaires’ investors.
By: Immigration Overseas
NEW DELHI - Jan. 29, 2015 - PRLog -- In an announcement by the Canadian Immigration and Citizenship department (CIC), the country has kick started a new “immigrant investor pilot program” from this year (2015), that will seek to give the status of permanent residency to 50 millionaires immigrant investors and their families.

The program will be offering the following benefits to the immigrants:

The program is a step towards a new approach that will work towards strengthening the economy of Canada to a large extend.

· It will focus to the net-worth business immigrants who possess higher skills and abilities in order to help them integrate into the society and economy of Canada.

· Every investor under this new program will be required to make a non-guaranteed investment of $2 million for a period of 15 years in the IIVC funds. These funds will be invested for innovative Canadian startups with a high growth potential.

· This pilot program will provide a pathway to the approximately 50 investors and their families to gain permanent residency.

This program is suggested to accept applicants in late January 2015.

Further the Canada visa immigration selection factors herein is designed in order to attract investors who hold skills and abilities in order to contribute to the economy of Canada. The prospect applicants need to possess proven language proficiency in at least on the official languages of Canada. They must have educational credentials that accounts to post-secondary degree, diploma or a certificate followed by a legally obtained net worth of $10 million that is lawfully derived with profit making business related activities.

The applications here will be selected on a random basis by the department, until it does not approve approximately 50 applications. Thereafter the applications cannot be retained and returned. It has been decided that the immigrant will be given a time of 6 months to get to the decision on their application after the submission of all the documents. The successful applicants will then be awarded permanent residency status of Canada.

This process will ensure backlog of application and will provide a fair access to a greater number of applicants for efficient processing of the application.

For all those who wish to know the complete application requirements for Canada immigration can join hands with Immigration Overseas for proper advice and assistance.

The immigration law firm based in New Delhi, India keeps you abreast with the immigration to Canada new rules 2015, helping the applicants get easy visa and immigration services at each step.

For more information read this

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