Canada Federal Immigrant investor visa Vs entreprenuer visa
Canada’s Federal Immigration investor program is different that of Entrepreneurs program to visit Canada
and do the business. Immigrant investor program is for the people, those who want to get a permanent residence in
Canada against a certain amount of investment. Chinese people are coming to Canada with is option
in increasing numbers to invest and settle in the country. Recently Canada government authorities
make some changes in the Canada immigrant investment program to avoid the fake investments and Chinese
after making investments send their family and relatives. But the actual business person is not visiting
the country and actually stays there to get the benefits as per the rules of the country.
The entrepreneurs program otherwise invite entrepreneurs and investors those who want to use the resources
of the country and provide some sort of employment to the Canadian people. The actual business people to manage
their businesses can apply for the entrepreneurs program. Under the Canada FIIP program successful candidates
will get definite permanent residence in the country. But in the case of the entrepreneurs visa the applicant
must meet some criteria and provide employment for the people for few years as mentioned in the terms and
conditions. For both the cases the applicant has to show the ownership and management of the qualifying business.
The FIIP program applicant must have an experience of managing at least 5 people in a business in the home
country. FIIP program applicant need not meet any language requirements and can take a translator with him for
the interview to qualify for the FIIP program. But in the case of entrepreneur visa program the applicant should
have an average language skills as the visa holder has to meet the people and converse with them for the
development of the business. This is requiring making you a favorable person in the adaptability criteria.
Under the FIIP, the applicant has to make C$800,000 investment. The investment directly goes to the Canadian
government and the amount is refundable after five years period. IF the applicant is not able to invest the
amount the he can at least deposit C$ 1, 80,000 and the rest of the amount will be lend as a loan by an approved
Canadian financial institution. Under FIIP, the investment has to be made after the successful interview and
principal approval of the visa, but before the visa issuance. But at the same time the entrepreneurs program
the investment can be made after the visiting the country. The investment is an assistance to boost the
Canadian economy and there is no minimum amount prescribed under the scheme. In the both cases a minimum
of personal net worth is required; under the FIIP the minimum is C$ 1.6 million and for the entrepreneurs
is C$ 3, 00,000.
In both cases the application processing time is a period. For FIIP it is 24-34 months’ time and for
the entrepreneurs scheme it is 6-7 years period of time.
To know about the points for educational level please contact
Global gateways (080-41142233).
For more detailed information and free assessment you may please contact Global gateways.
Call Now – 080-41142233