Investment immigration has become the top choice for many coming to Canada. Foreign invest in Canada grew by 60% form 2017~2018 alone. That’s an increase from $32~$51 billion, of which around 60% went to B.C., Ontario, and Quebec. These are definitely promising numbers when considering how the growth in investment reflects upon an economies stability.
So why do so many choose to invest, either directly or through entrepreneurship, in Canada?
Canadian Economics
For starters, Canada is the second-best country in the G20 to do business and one of the leaders in economic growth over the past decade. Canada also has the lowest business tax costs in the G7; 46% lower than the United States. In 2020 Canada ranked 12th in global corruption ranking (measuring levels of public sector corruption), compared to the United Stated 23rd place ranking. They also ranked 3rd in ease of starting a new business, and 7th in protecting minority investors, according to The World Bank.
Its not only stable financial and economic factors pushing investment in Canada. With the United States aggressive posture towards international business, many companies are moving towards near short markets. To avoid political uncertainties , many companies are interested in setting up shop in more stable regions that still have easy access to the US. Key among them being Canada with strong trade ties and favorable economic agreements.
A country with a strong economy can be a good investment option. Especially for companies that are looking to establish or expand their business internationally. This can also be an opportunity for those looking to immigrate to Canada and to start a new or buy an existing business. In fact, Canada offers multiple investment opportunities, business creation or financial investment.
Investor Categories
The two main categories for Canadian investment immigration are financial investors, and entrepreneurs. The entrepreneurs category is as intuitive as it sounds. Those wishing to start a new business or buy out an exiting on are put into a draw. These individuals are ranked through net worth and business plan analysis before the top percentile is chosen for immigration. Direct investors are those who lend a minimum sum of money to the Canadian Government, that they than receive back in a period of 5 years.
This seams relatively straight forward, but as with any government systems there are other requirements.
To be eligible through the investment program you must meet the following criteria,
- Provide funds to a financial intermediary for investment or loan a larger sum of money to the Government of Canada for a certain period of time
- have management history
- meet minimum net worth.
The eligibility requirements for entrepreneurship are,
- Having a minimum net worth
- The ability to invest in a business you can manage yourself in Canada.
- Must be able to prove past management experience
- Create jobs through this business
You can find out more by clicking the link.