THE Federal Investment Program has been reopened. The new investment program is still offering applicants permanent residency; however, there have been significant changes to the financial requirements.
The Canadian Government now requires applicants to make an investment of $800,000CAD and illustrate they have a net worth of at least $1.6 Million CAD.
There is, however, a banking option that will allow applicants to pay far less. The banking options run between $200,000.00 to $220,000.00, the applicant pays this amount to the bank and the bank then makes the full investment of $800,000 to the Canadian Government on behalf of the applicant.
Although the Canadian Government doubled the required investment, $800,000CAD still remains substantially lower than most of the other popular International Investment Programs.
The benefit of the new Federal Investment Program, besides the obvious benefit of acquiring Canadian permanent residency, is the speed in which applications will be processed. Essentially the Canadian Government has made this program more exclusive by raising the financial requirements, meaning they will have fewer applications to process. Also, the Canadian Government has announced that they intend to process new applications at the same time as the old investor applications. This has led to speculation that the new program will process applications much quicker.
The Canadian Federal Government began accepting Investment Programs December 1, 2010.
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We look forward to answering any of your questions. You are invited to call our office or e-mail Mr. Silver Directly for his personal response to your immigration question.
Please contact the office for Free Consultation:
Darren Silver and Associates
Address: 3699 Wilshire Boulevard Suite 600, Los Angeles, CA 90010
Telephone: 1-800-971-7013 or 213-384-1900.
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This article is not intended to provide legal advice, but to provide general information.
(Advertising Supplement)
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