{"id":9027,"date":"2017-03-21T18:13:01","date_gmt":"2017-03-21T18:13:01","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=9027"},"modified":"2019-02-12T14:05:41","modified_gmt":"2019-02-12T19:05:41","slug":"canada-immigrant-investor-program-popular-mobile-millionaires","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/canada-immigrant-investor-program-popular-mobile-millionaires\/","title":{"rendered":"Canada Investment Immigration Popular Among Mobile Millionaires"},"content":{"rendered":"

Canada investment immigration ranks behind only Australia and the United States as one of the top choices for millionaires, according to a new report.<\/p>\n

Some 8,000 millionaires moved to Canada in 2016, compared with 11,000 who chose\u00a0Australia immigration<\/a>\u00a0and 10,000 opting for\u00a0USA immigration<\/a>.<\/p>\n

The figures, published by South African research firm New World Wealth, show a 28 per cent jump in the worldwide movement of millionaires from 2015 to 2016, and a 60 per cent increase between 2013 and 2016.<\/p>\n

\"Canada<\/p>\n

Although Canada scrapped the Canada Immigrant Investor Program in 2014, there remain several provincial avenues for high net worth individuals to invest their way to\u00a0Canada immigration<\/a>.<\/p>\n

The most popular \u2013 and the only passive investment option \u2013 is the\u00a0Quebec Immigrant Investor Program<\/a>, which requires $800,000 investment and a minimum net worth of $1.6 million.<\/p>\n

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Quebec Immigrant Investor Program (QIIP)<\/h3>\n

The three primary conditions to be eligible for\u00a0Quebec immigration<\/a>\u00a0under QIIP are:<\/p>\n

    \n
  1. Personal net worth of at least $1.6 million legally acquired through conducting business or holding a high-level management position in a private company, government or NGO.\n
      \n
    1. Owned and operated a business for two years in the previous five years, OR<\/li>\n
    2. Held a high-level management position for two years in the previous five years in a private company, government or NGO.<\/li>\n<\/ol>\n<\/li>\n
    3. Invest $800,000 in a passive government guaranteed investment for a period of five years and receive no interest. Applicants may finance their investment and liquidate only $180,000 to $220,000 into a government approved financing program for five years and receive no return of capital.<\/li>\n<\/ol>\n
      \n

      The other provinces have a variety of business and entrepreneur programs that require the investor to take a day-to-day role in the running of the operation in order to secure Canada immigration.<\/p>\n

      Wealthy Chinese are the chief candidates for the programs, with figures showing 337,000 people with citizenship from the Far East country were given Canada visas in 2015.<\/p>\n

      Some 82,000 millionaires permanently migrated in 2016, and New World Wealth expects that figure to jump to more than 100,000 in 2017.<\/p>\n

      There has also been an important change in the motivation for millionaire migration.<\/p>\n

      No longer does a liberal tax regime figure high on the list of priorities for millionaires looking to change countries.<\/p>\n

      Now they are more often looking to secure the future of their children by moving to countries that are stable and have good private high schools and universities.<\/p>\n

      The increasing number of\u00a0investment immigration<\/a>\u00a0programs is also making it easier for millionaires to move.<\/p>\n

      Both Australia and the U.S. have similar investment immigration options and are also reliant on Chinese candidates.<\/p>\n

      Some 90 per cent of the 1,300 foreigners who have immigrated to Australia through the\u00a0Special Investor Visa<\/a>\u00a0are Chinese citizens.<\/p>\n

      Meanwhile, it is well documented that Chinese immigrants dominate the candidateship for the\u00a0US EB-5<\/a>\u00a0investment visa, so much so that the waiting list is now years long for applicants from China.<\/p>\n

      Experts say the growing trend for millionaire migration is evidence that the rich no longer see themselves as belonging to a certain country.<\/p>\n

      Increasingly, those in the extremely wealthy bracket are becoming totally mobile in the way they operate.<\/p>\n

      Despite the Chinese being the major players on the investment immigration scene, New World Wealth figures show France lost the most millionaires in 2016, with 12,000 leaving the European country.<\/p>\n

      China was close behind, with 9,000 departing millionaires.<\/p>\n

      Experts put the exodus from France down to safety and religious tension that is prevalent in French society.<\/p>\n

      investment:<\/p>\n

      Further reading<\/b><\/p>\n