Changes to Canada’s Immigrant Investor Program
October 20, 2010 Leave a comment
Canada’s immigrant investor program, formerly an important competitor to the US program, at least in the China market, is currently frozen pending price increases. The Canadian Federal Investor Program has not been accepting applications since June and the Quebec program was taken offline this week. According to the new federal rules which are in their final stages of approval, the price of admission to Canada for future immigrants will double to $800,000. The new rules indicate that applicants will have to prove their personal net worth to be $1.6 million in order to be accepted as permanent residents under the immigrant investor program. This freeze and the planned price increases may be a boost to the US EB-5 program.
EB-5 Updates 