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The investor category requires the potential immigrant to have operated, controlled, or directed a financially successful business or commercial undertaking. In order to meet the requirements of this category, the investor must have accumulated a net asset worth of $800,000 or more, through his/her own endeavors. What does this mean? - The investor must have made over the course of time of operating the business, $800,000 as personal income. This has to be proven through tax returns. It does not mean that your family gave you a house, which you then in turn sold for a $800,000 profit. - This money was not acquired through your own endeavors resulting from operating the business. The investor is required to make an irrevocable investment of $400,000 for 5 years in a business or qualified investment fund. The investor does NOT have to be actively involved in the management of the investment. The vast majority of potential immigrants in this category are owners of companies and businesses, but this does not exclude a person who has managed and been responsible for a department in a large corporation. The potential investor should prove that he has held a senior management position for a number of years, responsible for the department budget and has a significant number of employees under him/her. Obviously, the salary should be commensurate with such a position. For those persons wishing to settle in Quebec, the requirements are the same as a federal application, except a company employee requires just three years in a management position. Very often, this widens the possibility for a "salaryman."
Bonus points
- 45. Q. If I invest in a fund in Quebec, do I have to live in that province? A. You should intend to live in that province, but if you really do not like it after you have settled, our Constitution allows you to live in any province you like.
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