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Showing posts with label COPR. Show all posts
Showing posts with label COPR. Show all posts

Immigrating in Canada as an investor

Today Immigration has become one of the sources for ameliorating the economy of the country. With the steady inflow of immigrants, the countries have started to look at it as one of the generators of long time profit. Out of the whole group of immigrants the category of the investors are such who have the power of making an immediate constructive contribution to the nation as they arrive. Considering this fact the countries have started broadening their measures so as to increase the inflow of people wanting to migrate as investors. Canada which has always been a liked destination of the immigrants has also taken steps in this direction.

Eligibility factor

The Business Immigration Program of Canada aims at attracting the experienced business people who will be beneficial in developing a strong and flourishing economy of the country. However to immigrate as an investor to Canada, there are certain rules under the Immigrant Investor Program which a migrant should adhere to:
  • Must have at least two years of business experience.
  • Must have a minimum net worth of C$1,600,000 legally obtained.
  • Must be able to make an investment of C$800,000
  • Must be able to show of having enough money to support himself and his dependants after the arrival in Canada.
  • Must be able to pass the medical and security checks along with his family.
  • Must be able to meet other requirements of the immigration regulations.
Steps for applying

There are certain steps which a potential migrant should follow while applying as an immigrant investor to Canada:
 
Application kit – The first step on the part of the migrant is to get hold of an application package and print it which includes the application guide and all the relevant forms to be filled in.
 
Completion of the application – This step requires the migrant to fill in the forms carefully and honestly.  All the forms regarding the application for Permanent Residence in Canada; Background/Declaration; Additional Family Information; Economic classes; Use of Representative (optional only if the immigrant wants to use one) and Investor's Acknowledgement (optional only if the immigrant wants to use the facilitator to transfer his investment) must be properly filled as incomplete forms are devoid of processing and are sent back. The forms can be filled both on computer as well as by hand depending on the convenience of the immigrant.

Correct visa office – It is important on the part of the immigrant to submit his application at the visa office serving his nationality or the country where he has been legally residing for the past one year. To be on the safe side the immigrant should check the application procedures on the visa office's website as these may vary from one visa office to another.
 
Payment of fees – There are certain things for which the immigrant needs to pay the fees :
  •  The processing fee for himself and his dependants which must be paid at the time of application
  • The Right of Permanent Residence fee for himself and his accompanying partner if applicable.
  • This should be paid after the application is approved and before Citizenship and Immigration
  •  Canada issues the permanent resident visa.

For medical exam; police certificate and language testing (if required).

Checking of the application – Prior to the submission it is important on the part of the immigrant to ensure that the form is completed, signed, along with the necessary documents as any mistake would delay the processing of the application.
 
Submission of the application - Once all the above steps are completed it is required for the immigrant to submit the application along with the fees.

Granting of the visa

Certain procedures are carried out at the visa office after the immigrant has submitted his application:
  • The application assessment process where the CIC (Citizen and Immigration Canada) officer ensures that the application is correctly filled in along with the processing fee and the necessary documents.
  • The processing time where the application is put to process by the visa office.
  • Conduction of medical examination and security checks so as to ensure that no one of serious health danger or criminal record is allowed to enter.
  • The final decision on the application where the CIC officer decides to grant visa or not depending on the results of the tests and checks and also whether the immigrant meets the definition of an investor.
  • If the immigrant changes his address or other contact information after applying then he needs to inform the visa office at this time.
  • If the application is approved then the immigrant has to make the required investment within a stipulated period of time.

Once the investment is made the permanent resident visa is issued containing the Confirmation of Permanent Residence (COPR) along with the entry visa.

Guidelines – making Provincial Immigration to Canada easier

Immigration as a process has innumerable facets to it; out of which one is Provincial immigration. As the word suggests, it is settling to a particular province or territory. This kind of immigration is much prevalent in Canada. In provincial immigration to Canada the provinces have an upper hand since they are the ones who nominate the immigrants wishing to settle in their territory. Provincial Nominee Programs commonly known as (PNP) who regulate the provincial immigration process have been set up in most of the provinces of Canada. Those immigrating under the PNP have the required skills and work experience to make a constructive contribution towards their province.

Steps for applying

There are certain steps which a potential migrant needs to follow so as to apply for Provincial immigration:

Provincial Nomination Certificate – If one chooses to immigrate to Canada as a provincial nominee he needs to be nominated by the desired province. So the first step is to apply at the province which after assessing the application on the basis of their immigration needs will provide a certificate which will be directly send to the visa office.

Application Package – After obtaining the provincial nomination certificate it is required on the part of the immigrant to get an application package which consists of an application guide and the forms to be filled in.

Filling in of the forms – This step requires the filling in of the forms honestly and carefully. It is important to complete all the forms regarding application for permanent residence in Canada ; background ; economic classes ; family information as well as use of representative ( optional only if the immigrant wants to use a representative) as incomplete applications will be devoid of processing and will be returned. Once this process has been completed, a print out of it must be brought out from the computer for its submission.

Correct Visa Office –. The immigrant should check out the correct visa office on the basis of his residence or citizenship for submission of the application. It is advised to the immigrants to have a look at the website of the visa office as application procedures vary from one office to another.

Instructions required for the specific visa office – It is important for the immigrant to get hold of all the instructions relating to the health, criminal and security check ups which he along with his dependants will have to undergo at a later stage of the process.

Payment of fees – In this whole process the immigrant has to pay fees for certain things:
  • The processing fee for himself and his dependants at the time of application.
  • The Right of Permanent Residence fee for himself and his accompanying partner if    applicable. It should be paid before the permanent resident visa is issued.
  • For medical examination; language testing; police certificate (if required as part of Criminal and security check up).

Final check of the application – Prior to the submission the immigrant must ensure that all the required documents are attached with the application along with the processing fees. This is important to do, as any blunder will only delay the processing thus adding to the list of worries for the immigrant.

Submitting the application – Once the checking is done the immigrant should submit the application along with the fees at the Canadian visa office.

Granting of the visa


Certain procedures are carried out before the visa is issued to the hopeful applicant. It involves
  • The application assessment process where the CIC (Citizenship and Immigration Canada) officer ensures that all the necessary documentation has been provided with the application.
  • Processing time where the application is put to process by the visa office.
  • Medical examination and security checks so as to ensure no one having a serious health problem or criminal record is allowed to enter.
  • The final decision where the CIC officer decides to grant the visa or not, depending on the immigration requirements, checkups and proof of the documents provided.

Once the application is approved the whole process ends with the issuing of the permanent resident visa containing Confirmation of Permanent Residence (COPR) and entry visa, by the visa office.