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Canada"s flexible immigration rules attract Indian techies

July 2014, 17
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Canadas liberal immigration
Canada has become a preferable destination for venture capitalists and techie entrepreneurs of India as the issuance of US tech visas is getting quite difficult for them.

The Citizenship and Immigration Minister of Canada, Chris Alexander, said TOI that the country offers permanent residence for those individuals who are capable of acquiring Canadian venture capital or an investor to support them financially. Canada is the only country that does this and it is a pilot project that has already received a couple of hundred applications.

Besides, self-investors can easily obtain Canadian permanent residency. The country welcomes Indian nationals who would like to buy a Canadian company and they can also file an application for permanent residency if they have worked as a manager or the principal for a minimum period of one year.

IT companies like Amazon, Microsoft and Facebook have campuses in Vancouver to advantage of simpler immigration rules of Canada, which made it most desirable destination for immigrants coming from all over the world, especially from India.

Indians have secured highest number in the acceptability chart due to several factors like English education and skills. In 2013, Canada welcomed more than 33,000 immigrants from India, of which 60% were economic migrants and rest were families.

The country will replace the immigrant investor program that was closed earlier with a new pilot program which is expected to commence over this year. Canada needs potential immigrants who can invest more and make a real investment in the venture capital field. In 2013, Over 1,30,000 visitor visas were issued to Indians and approximately 14,000 students from India have entered the country.

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