As per an official statement from the Canada administration, before long, Canada will officially introduce the Multi Millionaire Visa Scheme, for a second time. Allegedly, the same is tailored to draw multimillionaire investors from abroad to the nation. According to the available information, the program will have a bare minimum investment requirement of $1 million &$2 million. Given this, it will be mandatory for investors to put their funds into a venture capital mutual fund of the country.
Previously, the Maple Leaf Country necessitated overseas millionaire investors to cough-up an investment of $800,000 in any 5-year, cast iron loan(interest-free) even as the funds or money was duly meant to be utilized for the generation of fresh work-opportunities in the country by the nation’s various provincial administrations.
In the meantime, some observers claim that the bare minimum investment requirement of $800,000 formerly sent a message to every overseas investor, eager to arrive in the country. It said that it (the nation) was less appealing for overseas investment vis-à-vis some other destinations, such as Australia, the UK, and New Zealand, to name a few with the same being regardless of the truth that the Maple Leaf Country was the sole country providing Permanent Residency (PR) right away via the immigration investment scheme.
In some other countries; for instance, the investors from out-of-the-country have to cool their heels for nearly two and five years for getting PR. Therefore, some observers assert that it is vital that the bare minimum investment amount is not less than $2 million. It is also being claimed that the nation may boost the bare minimum investment money; in a situation where in there is an augmented demand for the permit scheme in question.
Source: http://www.abhinav.com/news/foreign-investors-pay-attention-ottawa-to-begin-multi-millionaire-visa-program.aspx
Previously, the Maple Leaf Country necessitated overseas millionaire investors to cough-up an investment of $800,000 in any 5-year, cast iron loan(interest-free) even as the funds or money was duly meant to be utilized for the generation of fresh work-opportunities in the country by the nation’s various provincial administrations.
In the meantime, some observers claim that the bare minimum investment requirement of $800,000 formerly sent a message to every overseas investor, eager to arrive in the country. It said that it (the nation) was less appealing for overseas investment vis-à-vis some other destinations, such as Australia, the UK, and New Zealand, to name a few with the same being regardless of the truth that the Maple Leaf Country was the sole country providing Permanent Residency (PR) right away via the immigration investment scheme.
In some other countries; for instance, the investors from out-of-the-country have to cool their heels for nearly two and five years for getting PR. Therefore, some observers assert that it is vital that the bare minimum investment amount is not less than $2 million. It is also being claimed that the nation may boost the bare minimum investment money; in a situation where in there is an augmented demand for the permit scheme in question.
Source: http://www.abhinav.com/news/foreign-investors-pay-attention-ottawa-to-begin-multi-millionaire-visa-program.aspx
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