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Canada to Accept Applications for New Canadian Program from Jan 2015

September 2014, 25
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Canadian Investor Program
Acceptance of the applications for Canadian Investor program is set to start in January 2015.

The applicable dates between which the applications will be received under the new Investor’s program of the Quebec province will be from 05 January 2015 to 30 January 2015.

Certain significant changes are likely to be made to the program. At present the Government of Quebec accepts a limited number of applications with a cap at 1,750.To gain qualification under this program an applicant either individually or with the spouse must have a minimum amount of CAD1.6 million.

Moreover, an agreement has to be signed with financial intermediary authorized to take part in the Investor Program to make an investment of CAD800, 000.Also, the applicant should have management experience in legal professional business, industrial or commercial business, or in legal farming.

However, it is expected that there will be a change in the forthcoming program, as told by president and CEO of certain firm.

Prior to the selection of the applicants, there will be a pre-selection process, which will be executed by limited number of financial intermediates across the world, he explained.

Explaining on the same he said that Quebec Government has decided to withdraw the lucky draw and is set to initiate a quota for each financial Intermediary.

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