As the years go by, immigration laws worldwide are only getting stricter with governments becoming increasingly reluctant to welcome people from other parts of the world. This is especially true for Europe, the US, and Australia where it’s much tougher today for an ‘outsider’ to assimilate in the national fabric than it used to be in the past. Canada, on the other hand, is still flexible in comparison, accommodating people of other nationalities into its economy and society as it recognizes the socioeconomic contributions that immigrants make worldwide.
While Canada’s immigration programs are in place, there’s a shorter, much faster way of getting the coveted Canadian citizenship: The Canada Residence and Citizenship by Investment Program. For those who can afford it, this is the fast-track path to obtaining a second passport, which, in fact, is among the most powerful passports in the world. Investing in Canada can make you a permanent resident of the country and after spending requisite time in the country, you become eligible for Canadian citizenship.
To become a Canadian permanent resident, you can apply in several categories like Investors, Entrepreneurs, Self-employed persons, and Skilled workers and professionals. The application approval grants you Canadian citizenship after which you and your immediate family get access to almost all Canadian citizenship advantages including free world-class education and healthcare (but excluding voting and holding political office). The program is among the world’s most sought-after citizenship by investment programs, offering aspirants a chance to become active contributors to a booming economy.
The citizenship by investment program was created by the Canadian government to attract well-off business people of the world and their capital to the country to boost the economy and create employment opportunities in Canada. After meeting certain government criteria, the applicants and their immediate family gain permanent residence in Canada and can take advantage of the many perks that the country has to offer. After just three years of having granted permanent residency status and spending just 183 days physically in each of three years in the country, you become eligible for Canadian citizenship.
To be considered for the program, the applicant must show proof of business experience in the relevant sector or industry. Plus, to be eligible for the program, your personal net worth must also be at least CAD 2 million. It’s also mandatory for you and your family to undergo and pass Canada’s medical and security assessments. These assessments will be on age, language, education, experience, and time spent in the country in a point-based system.
The Quebec Immigrant Investor Program is the way to go if you want to choose the citizenship by investment route for obtaining permanent residence and citizenship in Canada. The investment criteria is CAD 1.2 million for a period of five years under one of the two available investor programs. This is a government-guaranteed investment that is paid back in full after the investment period lapses. As soon as you become a Canadian resident, you become an active part of the society that is forward-looking, tolerant, welcoming, and highly progressive. And the citizenship by investment option will get you there faster than any other residency or citizenship route.
The advantages of the Canadian residency are countless. From high standards of living to affordable, high-quality education, from world-class healthcare to tolerant, vibrant cities, and from a business-friendly environment to a fast path to citizenship, Canada offers it all. Besides, it’s one of the most beautiful countries in the world, a true heaven for those who dream of living in proximity with nature while enjoying world-class urban facilities and infrastructure.
If you too are looking to pursue the Canadian Citizenship by Investment option, there are many Canada immigration consultants in Dubai that can provide you with all the information and guidance you need for a successful application. If you can afford it, there is no better way to acquire the residence and citizenship of a country that’s increasingly becoming the top preference for immigration aspirants of the world.
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Author contribution: Azad News Middle East Team has contributed to this article along with Mr. Muhammad Youssef, a Canadian Immigration Consultant in Dubai who has years of experience in immigration consultancy.