How to Get Canadian Citizenship by Investment, What Are the Requirements?
The Canadian government provides foreign investors with opportunities to obtain permanent residency and Canadian citizenship through investment through programs such as the startup visa program and the provincial nominee program.
Individuals and their families who invest in Canada under the conditions determined by the Canadian government have the right to settle in Canada. If the conditions for obtaining Canadian citizenship are met, foreign investors who have lived in Canada for a certain period of time have the right to apply for citizenship.
Does Canada Grant Citizenship to Investors?
Citizenship is granted to investors in Canada as long as they meet the criteria. Foreigners who invest in Canada must first obtain permanent residence and apply for citizenship after living in Canada for 3 years.
Does Canada Grant Citizenship to Those Who Buy Real Estate?
No, Canada does not grant citizenship to those who purchase real estate. In order to obtain Canadian citizenship, general citizenship requirements must be met.
What are the requirements for obtaining citizenship by investment in Canada?
The first requirement for obtaining citizenship by investment in Canada is to have resided in Canada for three of the four years (1,095 days) prior to the date of application for citizenship.
Other requirements for Canadian citizenship include proving that you have sufficient knowledge of English or French and not having a criminal record. Investors and their family members who understand Canada’s history, values, institutions and symbols, and who are aware of the rights and responsibilities of citizenship can obtain citizenship through investment in Canada.
What is the Investment Amount Required to Obtain Canadian Citizenship?
The amount of investment required to obtain citizenship in Canada varies depending on the program and province applied for. Investment in Canada is one of the conditions that allows obtaining citizenship.
To apply for citizenship, an investor must invest 1,200,000 Canadian dollars (approximately $942,500 USD) for five years at zero interest. Establishing a company is not required. The investment is government-guaranteed and is paid back to the applicant at the end of the investment period.
What are the requirements to become an investor in Canada?
The requirements for becoming an investor in Canada are listed below.
- Work experience must be shown according to the NOC code at the time of application.
- Canadian citizenship by investment requires that you have operated a qualifying business for at least two out of the five years prior to applying.
- The applicant and his/her spouse must have a legal personal net worth of at least CAD 2 million.
- All family members of the applicant must be free of any communicable diseases that would not pose a risk to the Canadian healthcare system.
In order to become an investor in Canada, it is beneficial to prepare a detailed investment plan. Foreigners who receive a Canadian investor visa can become Canadian citizens after meeting the necessary conditions.
How Long Does It Take to Become a Canadian Citizen?
The average processing time for obtaining Canadian citizenship is between 8-12 months. In order to become a Canadian citizen, you must first reside in Canada for 3 out of the last 5 years. The total process for obtaining Canadian citizenship can take up to 4 years.
Is it possible to invest in Canada and get citizenship without living there?
No, you cannot obtain citizenship without investing and living in Canada.
What Rights Does Citizenship by Investment in Canada Provide?
The rights of those who acquire Canadian citizenship through investment are listed below.
- Visa-free access to 180 countries
- Dual citizenship right
- Free health insurance
- No tax on income earned or inheritance from abroad
- Low taxation
- The right to vote and run for political office in Canada
- The right to work as a public servant
Children of Canadian citizens born in other countries may also become Canadian citizens. Foreigners who meet the necessary requirements and become Canadian citizens, and their immediate family members, do not need to make a separate application for the rights granted by Canadian citizenship.
