CANADA IMMIGRATION VICTORY INC.
Investors: Who can apply
Investor means a foreign national who
- has business experience;
- has a legally obtained net worth of at least CAN $800,000; and
- intends to make or have made an investment OF CAN $ 400,000.
- Obtain a minimum of 35 points in the selection grid.
- Meet medical and security requirements. You and your family members must pass a medical examination and security and criminal checks.
To be eligible for the Immigrant Investor Program, you must have:
- managed a qualifying business and controlled a percentage of equity of the qualifying business for at least two years in the period beginning five years before the date of application
OR
- managed the equivalent of at least five full-time employees per year in a business for at least two years in the period beginning five years before the date of application
OR
- a combination of one year of experience described in the first point and one year of experience described in the second point above
Business experience
in respect of an investor, other than an investor selected by a province, means a minimum of two years of experience consisting of
- two one-year periods of experience in the management of a qualifying business and the control of a percentage of equity of the qualifying business during the period beginning five years before the date of application for a permanent resident visa and ending on the day a decision is made on the application; or
- two one-year periods of experience in the management of at least five full-time job equivalents per year in a business during the period beginning five years before the date of application for a permanent resident visa and ending on the day a decision is made on the application, or
- a combination of a one-year period of experience described in subparagraph (i) and a one-year period of experience described in subparagraph (ii);
Full-time job equivalent means 1,950 hours of paid employment.
Minimum net worth means that the investor must have at least $800,000 to qualify as an Immigrant Investor.
Net assets, in respect of a qualifying business or a qualifying Canadian business, means the assets of the business, minus the liabilities of the business, plus shareholder loans made to the business by the foreign national who is making or has made an application for a permanent resident visa and their spouse or common-law partner.
Net income, in respect of a qualifying business or a qualifying Canadian business, means the after tax profit or loss of the business plus remuneration by the business to the foreign national who is making or has made an application for a permanent resident visa and their spouse or common-law partner.
Net worth, in respect of an investor, other than an investor selected by a province, means the fair market value of all of the assets of the investor and their spouse or common-law partner minus the fair market value of all of their liabilities;
Percentage of equity means
- in respect of a sole proprietorship, 100 per cent of the equity of the sole proprietorship controlled by a foreign national or their spouse or common-law partner;
- in respect of a corporation, the percentage of the issued and outstanding voting shares of the capital stock of the corporation controlled by a foreign national or their spouse or common-law partner; and
- in respect of a partnership or joint venture, the percentage of the profit or loss of the partnership or joint venture to which a foreign national or their spouse or common-law partner is entitled.
Qualifying business means a business-other than a business operated primarily for the purpose of deriving investment income such as interest, dividends or capital gains-for which, during the year under consideration, there is documentary evidence of any two of the following:
- the percentage of equity multiplied by the number of full-time job equivalents is equal to or greater than two full-time job equivalents per year;
- the percentage of equity multiplied by the total annual sales is equal to or greater than $500,000;
- the percentage of equity multiplied by the net income in the year is equal to or greater than $50,000; and
- the percentage of equity multiplied by the net assets at the end of the year is equal to or greater than $125,000.
Net worth and investment requirements
Net worth
You must be able to satisfy a visa officer that the fair market value of all your assets and the assets of your spouse or common-law partner were obtained legally. Your assets must exceed the fair market value of all your liabilities and the liabilities of your spouse or common-law partner by at least C$800,000.
You must be able to prove that no portion of your net worth was obtained through criminal activity. You will be asked to explain any discrepancies between your net income over the years and your present net worth. The visa officer who assesses your net worth may ask you for documents to confirm both your income sources and your net worth.
Investment requirements
If you meet the criteria for the Immigrant Investor Program, you will be asked in writing to make an investment of C$400,000.
Canada Immigration Victory Inc. can arrange financing of this investment for You through Canadian Banks at competitive rates.