The Canada PR By Investment Program is essentially focused on encouraging the culture of entrepreneurship in Canada in the form of new businesses or Start-ups. It offers a direct pathway to Permanent Residency for qualifying entrepreneurs who are chosen by government-designated organizations to be supported for their business. The most unique feature of this program is that, it enables the entrepreneurs to retain their Permanent Residency irrespective of success or failure of the business. Even if their Canadian business is unsuccessful, individuals granted Permanent Residency through this program can still retain their Permanent Residency status.
PROGRAM SUMMARY
CANADA PR BY INVESTMENT PROGRAM
| Country | Canada |
|---|---|
| Name of Program | Canada PR By Investment Program |
| Investment type | Business venture (More of mentorship role and not much active involvement required) |
| TOTAL COST | CAD $315,000 (Approx.) |
| Spouse |
Yes
|
| Children |
Yes
(under 22 years of age)
|
| PROCESSING TIME |
12 to 16 months on average
|
| Permanent Residency |
Immediately
|
| Citizenship |
After 5 years of Permanent Residency
|
| Physical Residency Requirements | 2 out of 5 years to maintain Permanent Residency & 3 out of 5 years to apply for citizenship |
| Benefits | . Access to all the rights and benefits of social security, universal free healthcare, education, and employment
· Visa-Free Travel to Canada · Freedom to live and/or work in any province of Canada · Children have the right to attend free public education · College-aged children have the rights to scholarships, grants, and domestic tuition rates in public post-secondary institutions · Option to acquire Canadian Citizenship and Passport after 5 years of holding the permanent residency if 3 out of 5 years have been spent in Canada · Benefits extended to investor’s family, including the spouse or partner, and all children under the age of 22 |