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Canada Receives Only Six Applications for Millionaire Immigration Program

Canada’s pilot Immigrant Investor Venture Capital (IIVC) plan for millionaires has received just six applications since its launch in January, far fewer than the number received for the investor class visa that it replaced. Under the IIVC, would-be immigrants must have a net worth of at least C$10 million, and invest a minimum of C$2 million in Canada for a 15-year period. Candidates must also be able to speak English or French.

Source: Investment immigration

Categories: Investors Blog
Colin R. Singer: Colin R. Singer is Managing Partner of investmentimmigration.com and immigration.ca and one of Canada’s foremost senior corporate immigration attorneys. He is recognized as an experienced authority on Canadian immigration matters as well as the international residence-by-investment industry through investmentimmigration.com. He is a licensed immigration lawyer in good standing with a Canadian Law Society during the past 25+ years.
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