For many Indians, Canada is more than just nice landscapes and polite communities. It is a future filled with opportunity, world-class education, and security for their way of life. But to move and settle with it, it does not go that easily. How PR through investment in Canada could be a simple solution for the Indians?
For this, PR through investment in Canada is the best viable option with which an Indian investor could initiate a plan for acquiring permanent residency in a smooth and trustworthy manner.
This blog zooms in on the explanation of Canada residency by investment, why this appeals so much to Indian investors, and how such an investment is significant for guaranteeing a better future for their respective families and for themselves.
What Makes Canada Attractive as a Permanent Residency?
Canada is pleasant because of its policy on migrants, its multicultural society, and because it is one of the economically sound countries among the preferred destinations for Indians. Here is why many Indian investors prefer Canada:
Top-Tier Education
Among the top universities globally are those in Canada-University of Toronto and McGill University. Even for the Indian families, education provides an affordable, high-quality, and motivating factor for them to go on with their lives.
Quality Healthcare
It is a publicly funded health-care system that is highly comprehensive for each and every citizen that especially advantages families wishing to lead a secure life in society.
Strong Economy and Job Market
IT, healthcare, engineering, and financial services sectors are some of the sectors that offer a wealth of job opportunities in Canada. Investors and entrepreneurs truly appreciate the stable economy and favorable business environment of the country.
Path to Citizenship
Three years out of five years staying in permanent residency will make an Indian investor avail themselves of global mobility as well as additional benefits that come with Canadian citizenship.
Family-Friendly Policies
Canadian permanent resident visa applications can include the spouse as well as dependent children of the applicant so that the family can stay united and enjoy the benefits of Canadian PR.
How PR Through Investment in Canada Works?
Investment in an economy through entrepreneurship and investments attracts individuals to achieve permanent residency with 1 or 2 years’ residency opportunity. Meanwhile, in a normal immigration system, it is valid for three years. Here are two streams of such programs:
Start-up Visa Program
Investment Requirement: None, but you have to back your project with any designated organizations that are startups.
Eligibility: The business must be a qualifying one, along with the language proficiency (CLB 5) and proof of settlement funds.
Processing Time: From Submission 12-16 months
Benefits: Directly leads to PR for an applicant with his/her family, fostering entrepreneurship.
Provincial Nominee Programs (PNPs)
Investment Requirement: It varies from province to province with a minimum of CAD $150,000.
Eligibility: Have specified years of experience in business, must have two or more job creation criteria, and must invest in the provincial economic growth.
Processing Time: Up to 12-18 months
Benefits: Relatively shorten PR application procedure through provincial nomination.
Cost Involved
Start-Up Visa
Initial costs: There is no required investment amount stated. However, preparing a business and getting support from designated organizations may involve much operational cost.
Settlement Funds: Proof of funds is required to support your family, ranging from CAD $14,690 for a single applicant to CAD $34,917 for a family of 6.
Provincial Nominee Programs
British Columbia:
CAD $200,000 minimum investment.
Ontario:
CAD $200,000 for businesses outside Toronto.
Manitoba:
CAD $150,000 investment plus a refundable deposit of CAD $100,000.
Other costs include provision fees, legal advice charges, and all provincial processing charges.
Why Indian Investors Prefer Canada Residency by Investment
Better Opportunities for Children
Indians make every effort to provide their children with a quality education, particularly overseas. They believe Canadian PR buys them access to several top international schools and universities and thus a better likelihood of securing a good job.
Lower Cost of Living
Canadian cities like Calgary and Ottawa provide an excellent quality of life for comparatively cheaper costs when compared to business cities of India like Mumbai or New Delhi.
Favorable Tax Treaties
Both India and Canada have taxation treaties that discourage double taxation and help save money for the investor side.
Safe and Multicultural
The fact that Canada is quite a safe country with different communities gives it a favorable pictorial representation for the Indian immigrants to come in search of home.
Complete Process Guide on PR through Investment in Canada
Here’s how Indian investors can navigate the process:
Choose the Right Program
Choose between the Start-Up Visa or a Provincial Nominee Program according to your investment potential and business objectives.
Back Up or Nominate
For Start-up Visa: Get a Letter of Support from a designated organization.
For the PNPs: Get a mandate from a province with specific requirements for investment and job creation goals.
Document Preparation
Prepare all important documents, including proof of investment, settlement funds, business plans, and language test results.
Submit Your Application
After completing all necessary documents, submit your application to the Canada immigration department with the stipulated fees required.
Wait for Approval
The approval comes after usual processing times but generally, it takes from 12 to 18 months to obtain PR.
Migration and Re-investment
Make the required preparations, relocate to Canada, and remember that you must retain your permanent residence status by making certain investments in line with the program’s requirements.
How Can FRR Immigration Help You
Navigating through all of Canada’s investment immigration pathways can be complex, especially if one is doing this for the first time. At FRR Immigration, we simplify these processes for you:
Helping you choose your best-suited program according to your goals.
Supporting paperwork that includes helping you develop your business plan right through submitting applications.
End-to-end support is provided to make your transition appear smooth with Canada.
Such companies provide necessary support to make your transition smoother and more effective in moving to Canada.
Final Thoughts
Residency by investment for Indian investors in Canada is more than just about relocating; it is like opening the doors to a hopeful future for the family. Due to its robust economy, excellent education, and friendly culture, the country offers the best prospects for making a healthy and wealthy living.
Investigate PR Through Investment in Canada with FRR Immigration now to unveil for yourself. Contact us today—get in on the Canadian dream now!
Other Blogs:
How to apply Canada Golden Visa
5 Questions About Investing in Canada for Permanent Residency
