Canadian Citizenship by Investment: What You Need to Know

Canada, a welcoming country, is globally known for its natural beauty, diverse society, and standard of living. It is also a popular destination among internationals looking for opportunities and good quality of life. There are several ways to reach your dreamland; however, one way that is gaining popularity is Canada citizenship by investment.

The program offers a special opportunity for people with enough financial resources to invest in the country and enjoy the benefits. Let us start things off by exploring some advantages of the program.

Benefits Of Canadian Citizenship

Moving to Canada has several advantages, but some of the best ones are.

  • A strong passport with visa-on arrival and visa-free travel access to over 170 countries, including Australia, Schengen, and the USA.
  • Access to one of the best medical care systems globally.
  • The recognition of dual citizenship enables the applicants to retain the citizenship of their home country.
  • Limited restrictions when it comes to undertaking business with American customers.
  • World-class education facilities and system.
  • Absence of gift or inheritance tax. In addition, the capital tax is only applicable to 50% of the gains.
  • Access to an excellent pension system.

What are the Options for Business Immigration to Canada?

Canada welcomes investors with open arms and has several program options for those willing to invest in the economy. Some of the most popular options are.

Start-up Visa

Under this program, international entrepreneurs are offered Canadian residency in exchange for their innovative business idea that will create employment opportunities in the country. 
Authorized organizations, including business incubators, venture capitalists, and angel investor groups, will endorse the applicant.

Provincial Nominee Program

This program is run by provinces wherein they offer immigration to international investors meeting certain economic requirements. The host provinces ensure investment for businesses by acting as incubators.

Québec Entrepreneur Program

This program is specific to Quebec and offers regional business development visas. The criteria for minimum investment vary with conditions. However, immigrants need to have a minimum net worth of CAD 900,000, which is approximately over USD 660,000, to clear the eligibility. Applicants willing to buy an existing company or open a business in Quebec can opt for this program.

What Documents are Necessary to Apply for Citizenship by Investment?

As an applicant for Canadian citizenship by investment for Indian, you will need the following documents.
  • Complete the application form
  • Translated and notarized passport copies of the relevant members
  • Kinship proof for family applications
  • Marriage or birth certificate
  • Police clearance for all members of the family
  • Confirmation and proof of your financial position
  • Certificate of real estate ownership, constituent documents, appraiser’s reports, and bank statements
  • Payment of duty receipt
  • Photographs
  • Confirmation of your investment in the Canadian economy
Please note that all the documents should be translated and notarized in the English language. Also, the authorities may ask for some documents specific to the application.

Wrapping Up

Canadian citizenship by investment is an excellent opportunity for those looking to establish themselves financially in a foreign country. The eligibility, however, depends on the program you choose. After you clear the eligibility criteria, you need to submit the required documents, meet the investment condition, apply with the help of a Canada immigration consultant in Ahmedabad, and wait for the results.

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