However, applicants for an investment visa in Canada are not allowed to translate documents themselves, and translations cannot be performed by members of the applicant’s family. Excluded relatives include parents, grandparents, siblings, spouses, guardians, home partners, children, aunts, uncles, cousins. To be recognized by the Canadian immigration authorities, the document translator must be a member of a Canadian organization of translators and interpreters. Otherwise, the document must be accompanied by an affidavit in the presence of a notary in order to be authentically translated by a linguist fluent in English or French, as well as in the unofficial language.
A growing number of Western countries are courting wealthy foreigners from the developing world with economic citizenship programs. The United States has the EB-5 Green Card per investment program, while the UK Tier 1 Investor Visa and the Australia Significant Investor Visa allow high net worth individuals to obtain residence by investing in the country in question. There are a number of European countries that offer citizenship through investment, including Austria, Hungary, Cyprus, Bulgaria and Malta. Greece, Spain and Portugal have Golden Visa programs that offer residence in the EU through real estate investments, and many other European Union countries, such as Latvia, offer residence permits in exchange for foreign direct investment. There are also a variety of second passport-by-investment programs in the Caribbean offered by poor island nations such as Saint Kitts and Nevis, Dominica, Antigua and Barbuda, and Grenada. Residence-by-investment programs allow an applicant to obtain a permanent residence visa for a country by making an investment, such as buying a home or investing in a business.
In such a case, the EB-5 investor’s attorney must review the escrow agreement before it is signed to ensure it meets the client’s precise needs. This petition must demonstrate that the EB-5 applicant has invested the required capital or is investing in a new commercial enterprise that will create at least ten full-time jobs for Americans. This first U.S. investment visa application must be accompanied by extensive supporting documentation. Applicants who have already made the appropriate capital contribution before filing their I-526 petition must demonstrate that they made the investment with funds or assets in personal ownership. This second category differs slightly in that business immigrants apply directly for a provincially nominated program (“PNP”).
It also means that country-specific QIIP processing times are no longer visible online, as the CIC now provides only a single estimate of Quebec Investor Program processing time for all countries. To qualify in this way, an immigrant investor from Canada must make an investment in a USCIS EB-5 Regional Centre under the same rules that apply to EB-5 direct investment. The EB-5 Regional Center’s investments are grouped with investment capital contributed by other immigrant investors. This money is managed by an external fund manager who takes responsibility for investing in new business ventures and creating the required number of full-time jobs. In exchange for their contribution, investors receive an interest in the capital of the eb-5 regional center investment fund. The EB-5 Fund Manager of the Regional Center charges a small fee for their professional management services.
Business individuals who demonstrate advanced intermediate French language skills, through a standardized proficiency test recognized by the Quebec government, can often apply for the Canadian Immigrant Investor Program throughout the year. In addition to the ability to apply before or after a designated admission period, French-speaking investor candidates are also given priority in processing and are not subject to the 1900 application program limit. Individuals and families who immigrate to Canada through the Quebec investor visa can eventually obtain Canadian citizenship after living in the country for 48 months. Once a permanent resident of Canada acquires Canadian citizenship, they are eligible to apply for a Canadian passport.
Canada does not have a “golden visa,” “citizenship by investment,” or other similar passive investment programs where you can obtain Canadian citizenship in exchange for investment. However, there are still many ways for business owners, entrepreneurs, Immigration to Canada by Investment and investors to become Canadian citizens by investing in Canadian businesses. Any documentation required for investment immigration to Canada that is not in English or French must be accompanied by the correct translation into English or French.
Gold visas are especially popular among Chinese citizens, more than 100,000 of whom acquired them in the period from 2007 to 2016. More than three-quarters of applicants for Canada’s former immigrant investment program were Chinese. The Immigrant Investor Program in Quebec has no restrictions on an applicant’s language, education, nationality or age, except that the lead applicant must be at least 18 years old. While many countries require a foreign national to speak English and be younger than a certain age, such as 45, to qualify for an investment visa, Quebec investor-class immigration applicants do not face such restrictions.