New Policy for the Canada Federal Immigrant Investor Program
Effective December 1, 2010, Canada officially implemented the revised regulations for the Federal Immigrant Investor Program (FIIP), referred to as the "New Policy." Compared to the previous policy, the new regulations increased the requirements for the applicant's net worth and investment amount. Applicants are required to have a net worth of no less than 1.6 million CAD. There are two investment options: a one-time payment of 220,000 CAD, which is non-refundable; or an investment of 800,000 CAD, with the principal to be returned without interest after five years.
Application Process for the Canada Federal Immigrant Investor Program
1. Establish a client relationship with Worldway and prepare the relevant documentation.
2. Submit the completed application form, the signed investment agreement (IA-INVESTOR'S ACKNOWLEDGMENT), and the application fee, then await processing.
3. Upon receiving the notification from the embassy to submit the full set of application forms and documents, prepare the materials and submit them to the Canadian Federal Immigration Bureau.
4. Receive a notification from the Immigration Bureau regarding an interview waiver or an interview appointment.
5. Complete the medical examination and finalize the investment in Canada.
6. Receive the Confirmation of Permanent Residence (COPR).
