What is it?
The Immigrant Investor Program (IIP) allows an Immigrant to expedite his/her process with a promise of investing into the Canadian economy.
IIP Selection Process
- Applicant must demonstrate they have legally obtained a net worth of – $1 600 000 (Canadian)
- One must have business experience OR
- Been in a senior managerial position
- Required investment in an approved area for 5 years of – $800 000 (Canadian)
Investments are made in association with an approved financial institution which is guaranteed by the government.
At this moment this application has been frozen by the government. In other words, it is inactive. However, there are strong indications it will reopen in the near future.