The Canadian Federal Immigrant Investor Program
(IIP)
The Canadian Federal Immigrant Investor Program (the “IIP”) was
established to encourage successful and experienced business individuals to
immigrate to Canada with the goal of developing a strong and prosperous Canadian
economy.
Investors and their families can apply for permanent residence in Canada
by making a five year investment totaling $400,000 CDN (the “Investment”)
in the Canadian economy. The program is guaranteed by the Canadian government
to ensure that the Investment is repaid in full without interest (0%) approximately
five years and two months after the Investment.
IIP Eligibility Requirements
To be considered eligible under the IIP, you must:
- be a foreign national with demonstrated business experience;
- have a legally obtained net worth of at least $800,000 CDN;
- submit an application for both a visa and for the Immigrant Investor Program
at the nearest overseas Canadian visa office;
- meet all immigration selection criteria;
- express a desire or intent to settle in a Canadian province or territory
outside of Quebec; and
- invest $400,000 CDN for a period of five years with the Receiver General
of Canada.
IIP Funding/Financing Options
As a requirement of the IIP, the Investment must be deposited with the Canadian
government. As the approved financial institution for the IIP, Royal Bank of
Canada may be able to provide you with lending facilities to finance the Investment
if you chose not to liquidate your existing investments. In addition, we may
also be able to assist you if you prefer investing the full amount with your
own funds.
The international division of RBC Wealth Management serves high net worth individuals and niche corporate and institutional clients in select markets around the world. With a network of subsidiaries and branches in over 30 key financial centres around the world, RBC Wealth Management provides international financial services for clients residing in more than 150 countries, and can help structure your assets before your move to Canada. Please contact us.
For more information about the IIP, including a listing of forms and government
overseas visa offices, please visit the Citizenship
and Immigration Canada Website.
Please note: Nothing in this section constitutes immigration advice. The
IIP is a Canadian government program and is neither managed, administrated
nor influenced by Royal Bank of Canada, or any of its subsidiaries, officers,
directors, employees or agents. The Canadian government makes all decisions
about the eligibility of individuals in relation to the IIP. Any questions
about the IIP, including an individual’s eligibility should be directed
to a representative of the Canadian government.
The information contained above is current and correct to the best of
RBC’s knowledge but RBC accepts no responsibility for its accuracy.
The content of this web site is provided for the general guidance and
benefit of our clients. This web site is for information purposes only and
is not intended to provide specific advice. See
full disclaimer. |
