Changes to the Canadian Federal Immigrant Investor Program will Bring More Chinese Investors to EB-5 Regional Center Projects

Canada’s Immigrant Investor Program (IIP) attracts experienced business people who bring significant economic benefits to Canada. Citizenship and Immigration Canada (CIC) is proposing changes to the program that will be implemented in this fall. These proposed regulatory changes would require new investors to have a personal net worth of CAN$1.6 million, up from $800,000, and make an investment of $800,000, up from $400,000. Under Canada’s current criteria, the volume of applications submitted under the IIP has grown exponentially in recently years. As a result, the CIC will temporarily not accepting new applications until the changes are finalized. Only applications postmarked before June 26, 2010, will be accepted.  The old applications will take years to process.  With the limit on investor applications and policy changes with IIP, more Chinese migration companies and investors are looking into opportunities with U.S. EB-5 Regional Center pilot program and EB-5 investment projects.  For more information about promoting EB-5 immigrant investment project, contact us today.