Investors encouraged to move to Canada as banks voted soundest in the world
September 28 2009 by Mark Johnstone
Move to Canada for better banking
The World Economic Forum has, once again, ranked Canada’s banking system as the ‘soundest in the world’ in a move that may attract more investors who wish to move to Canada.
According to the South Asia Mail, the Immigrant Investor Program, which allows wealthy immigrants to gain Canadian visas in return for investing in the Canadian economy by starting a business etc., will be an even more popular option for Asian immigrants as a result of this positive news. The forum members also awarded Canada top marks for the ease with which people can start businesses in the country.
Advantages of moving to Canada through the Immigrant Investor Program include the five-year tax ‘holiday’ for new permanent residents.
Wealthy business people hoping to take advantage of this category of Canadian Business Immigration can either seek their Canadian visa through the Federal Investor Program or the Quebec Investor Program. Applicants should consider their country of residency as, for some, the latter may be the quicker route to a new move to Canada.
For both programs visa applicants are required to hold a net worth of CA$800,000 and must make a government guaranteed investment of CA$400,000. The sum is returned to the applicant, without interest, after five years.
See the latest Immigration News
