The Immigrant Investor Venture Capital (IIVC) Pilot Program is open for applications from January 28 to February 11, 2015.
If you are an international investor with the skills and abilities needed to integrate into Canadian society and contribute to our economy, you may be eligible to apply for permanent residence under the Immigrant Investor Venture Capital (IIVC) Pilot Program.
Find out if you are eligible to apply for permanent residence as an immigrant investor under the IIVC Pilot Program.
You must meet all of the requirements listed below to be eligible to apply under the Immigrant Investor Venture Capital Pilot Program. You must also plan to live outside the province of Quebec.
You must have a personal net worth of CDN $10 million or more. Your net worth must have been acquired through lawful, private sector business or investment activities.
Once CIC has deemed the applications complete, CIC will require selected applicants to obtain a due diligence report at their expense from one of the following designated service providers:
The due diligence report is an independent examination and validation of your past business or investment experience, source of funds and personal net worth.
The report will include the service provider’s opinion as to whether your wealth was acquired through lawful, private sector business or investment activities. Their report would also flag any potentially negative information for a CIC officer to consider.
You must be willing and able to make an at-risk investment of CDN $2 million in the Immigrant Investor Venture Capital (IIVC) Fund.
If you are one of the immigrant investors selected under this program, you will be required to enter into an agreement with CIC committing a sum of CDN $2 million to the IIVC Fund for approximately 15 years. The investment would be at-risk, meaning there would be no guarantee of a return and the possibility that you could lose some or all of your investment. You could also receive proceeds from the IIVC Fund, based on the performance of the investments of the fund.
Find out more about how investments to the Immigrant Investor Venture Capital Fund will be managed.
You must have:
The outcome stated in your ECA report must match one of the acceptable assessment outcomes for you to be eligible to apply.
Some people are inadmissible – they are not allowed to come to Canada. Many things can make you inadmissible, such as being involved in criminal activity, in human rights violations or in organized crime.
You can also be inadmissible for security, health or financial reasons.
If you are inadmissible to Canada, you cannot apply under the Immigrant Investor Venture Capital Pilot Program as your application will be refused.