Canada To Introduce New Immigrant Investor Venture Capital Pilot Scheme

18 Dec 2014

In a major decision to lure qualified overseas business people, who actively invest in the Canada’s economy, the minister of Canada Citizenship and Immigration (CIC), Chris Alexander, declared that the country is going to reveal a new pilot scheme in January 2015.

The new pilot program is intended for overseas business individuals who contribute for the country’s economic growth as well as creates jobs.

The latest Immigrant Investor Venture Capital Pilot scheme is a part of sequence of transformational reforms that widens Canadian Government commitment to build a liberal and rapid economic immigration system.

Overseas investors need to abide certain eligibility criteria allied to language and education and must hold experience in investment or business, besides making investment of $2 million for 15 years as well as having a net value of $10 million.

This would ensure that overseas investors would have robust impact on the country’s economy and individuals who accepted for PR will be set well to join Canadian business and society.

Immigrant Investor Venture Capital Pilot scheme will start applications acceptance in late January 2015, and will also provide pathway for Canada permanent residence for around 50 investor immigrants and their families.

The launch of Immigrant Investor Venture Capital Pilot plan fulfills the government’s assurance in 2014 Economic Action Plan to generate more focused and efficient pilot scheme that makes sure that overseas individuals who arrive to Canada dispense important benefits to the country’s economy.

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