How to get a Canadian citizen by Investment?
There are numerous immigration programs in Canada that assist foreigners in obtaining citizenship and relocating to the country. The majority have stringent qualifications for applicants, including age, profession, and level of education. Applicants can become permanent residents or citizens of Canada more quickly and easily if they invest in the local economy or start a business.
All family members, including common-law partners and minor children, are immediately eligible for Canadian citizenship through investment. Adult children must independently apply and contribute. Citizenship is passed on to the following generation once it has been acquired. However, the investor’s parents cannot be included in the initial application, as they cannot immigrate to Canada until the rest of the investor’s family has done so.
One can apply for a Canadian passport through investment up to three years after the investment has been made. First, an application for permanent residency must be submitted. The candidate must then reside in Canada for a minimum of 183 days per year for three years. Then they can submit an application for citizenship.
Advantages of being a Canadian citizen
Living in Canada is considered desirable. Due to its modern democratic and economic institutions, health care and education infrastructure, and reputation for racial and ethnic tolerance, it is a popular immigration destination. One-fifth of the population is made up of immigrants from other countries.
The following advantages come with Canadian citizenship:
180 nations offer visa-free travel, including the United States, Japan, China, Hong Kong, Australia, and the European Union;
Applicants may retain their primary citizenship due to Canada’s recognition of dual citizenship;
A modern healthcare system that provides free health insurance; no inheritance or foreign income taxes;
The capacity to manage a company with a North American market concentration;
Canada is one of the best places in the world to live in terms of standard of living.
Excellent benefits and retirement plan.
Who can acquire Canadian citizenship via investment?
Investing on its own is insufficient. To obtain a Canadian passport, the applicant must meet the six requirements outlined below:
To qualify, you must earn at least 40 points out of a possible 100. When evaluating a candidate, age, bilingualism in English and French, educational attainment, managerial experience, and length of stay in Canada are all considered. For instance, ten and twenty-five points could be awarded for managerial experience and investment, respectively. A university degree is worth six points
Be a firm owner, shareholder in a private corporation, or have held a managerial position for at least two years in a business with an annual revenue of at least 50,000 Canadian dollars (CAD);
As are assets worth at least $1,570,000 (CAD) and proof of their legal acquisition. Deposit funds, the value of securities, real estate, and other assets owned by both spouses are taken into account;
Neither spouse has ever been convicted of a crime that violated Canadian immigration regulations, nor have they failed to meet Canadian visa requirements.
Who would benefit from Canadian citizenship investment?
Consider the Canadian Citizenship by Investment Program if you wish to migrate to Canada with your family, reside there permanently, raise your children, and pay taxes there. This option is inappropriate for applicants purchasing a passport for travel, tax reduction, or business expansion.
Unlike other immigration programs, investor immigration has no age restriction, and for mature immigrants, it is frequently the only way to immigrate to Canada.
What documentation will be required?
The following documentation is required to apply for Canadian citizenship:
- Copy of each applicant’s family members’ notarized and translated passports;
- Verification of kinship for family applications;
- Certificate of birth or marriage;
- Police clearance certificates for every member of the family;
- Verification of financial standing constituent records, a real estate ownership certificate, bank statements, and appraisal reports;
- Receipt for duty payment;
- Evidence that you made the required investment in Canada’s economy.
The original texts of all documents must be notarized and translated into English.
Would you enjoy moving to Canada?
Contacting Canada Immigration Consultants is essential if you want assistance and direction throughout the lengthy Canadian immigration process.
To ensure that you perform to the best of your ability in front of Canada’s immigration department, we offer individualized, one-on-one assistance. We assist clients by evaluating their likelihood of obtaining a visa, assisting them in preparing for and receiving feedback from VISA interviews, and developing a unique immigration strategy for each client.