Why international immigrants prefer to invest in Canada than in the USA
With the price of the minimum US immigration program for investors, also known as EB-5, to be hiked from $500,000 – a figure that has been unchanged for past 27 years – to $1.3 million from the end of April 2017, it will make entrepreneurs look elsewhere to invest and immigrate to.
At the same time, as Canada is offering investors to migrate to their country with a minimum amount of only $115,000 to $300,000, Manitoba province saw many applicants flocking to it in October.
As the Huffington Post says though investor immigration programs abound all over the world, the diversity and cost-effectiveness that Canada provides is unmatched.
There are said to be 12 investor immigration programs that offer permanent residence in Canada. It is said that this North American country does not advertise as it does not need to. A part of the reason is that since the investments are not as large as in the US, the ones is Canada are local and can be handled closely, which is why they have not been prone to large-scale fraud unlike the ones in their neighboring country. That is the reason why provincial investor programs of Canada are being lapped up middle-class entrepreneurs all over the world, the news daily avers.