Investing in Canada may be a wise decision, but many individuals aren’t aware of this. Economic stability, low unemployment rates, and high earnings characterize the economy of the nation. The Immigrant Investor Program (also known as the Foreign Sponsored Worker Program, or FSWP for short) is another option offered by the Canadian government.
In order to qualify for long-term residence, you may take advantage of this program, which streamlines the procedure. This may be accomplished by making a two-year investment in a Canadian province and relocating there.
There are several advantages to making an investment in Canada, including the creation of employment and economic development. For more information on the FSWP program and how it works for your future, here are some further specifics.
The Immigrant Investor Program
Aiming to attract investors and entrepreneurs from all over the globe who are searching for a new place to call home, the Immigrant Investor Program was established. This program also provides you with the opportunity to become a permanent resident of Canada. To be eligible, you must first invest in a Canadian region with low unemployment rates and then reside in that region for a minimum of two years.
To be eligible on canada visa investment program, one must make an investment of at least CAD$1.2 million or CAD$800,000 in a low-employment region and reside in that area for a minimum of two years in order to qualify. The Federal Skilled Worker Program, the Quebec Investor Program, and the Immigrant Investor Program are the three tiers of investor immigration programs in Canada: federal, provincial, and territorial (or FSWP).
While all three levels require that you have a net worth of at least $4 million, the Immigrant Investor Program (or FSWP) requires only that you have a net worth of CAD$800,000. If you invest CAD$1.2 million or more in areas with lower employment rates, you can qualify with a net worth of only CAD$800,000.
What Is The Program?
Canada’s Federal Skilled Worker Program (FSWP) permits foreign nationals to seek for permanent residence by investing in one of the country’s participating provinces. Depending on the province you invest in, the investment might vary from $800,000 to $2 million. If you want to invest in one of these provinces, you need to be a citizen of China, India, or Mexico.
In order for non-citizen investors to invest, they must first make their money accessible to the government. Citizenship and Immigration Canada administers the Federal Skill Shortage Worker Program (FSWP) (CIC). A net worth of $1 million or more is required for investors to be considered.
How Does It Work?
You have two options: either you produce your own investing money or you supply someone else with $800,000 to invest on your account. If you decide that you want to do it yourself rather than delegate the duty of investing the money to someone else, you will need to incorporate your business. Before being eligible for permanent residency under this scheme, the company will need to be authorized by the Canadian government.