Relaxed qualifying criteria and achievable language benchmarks or educational qualification come at a cost
If you are looking to relocate to the US and Canada, there are several investment and permanent residency pathways that can help you live and work overseas.
Options for businesspersons and investors looking to settle down in these countries with the best way possible to get a residency in their country of choice have been listed by a Dubai immigration consultancy, WWICS Immigration Consultants.
While the fast-track business and investment programs are no doubt faster and hassle-free ways to immigrate, they include being able to invest the required amount and meeting the criteria of these respective countries.
“What makes the business programmes worthwhile is the fast track process of getting a Permanent Residency with relaxed qualifying criteria, reasonable investment and easily achievable language benchmark or educational qualification,” says BS Sandhu, Chairman and Managing Director of WWICS Group of Companies.
The United States
Under the business resettlement programmes for USA, the EB-5 Investor Visa is the best way to get a USA Green Card.
One needs to invest an amount of not less than $500,000 (Dh1,836,474) in one of the Government Approved Regional Centres of America.
The purpose of the EB-5 Programme is to promote the immigration of people who can help create jobs for US workers through their investment of capital into the US economy.
The programme is based on promoting immigration of people who invest their capital in new, restructured, or expanded businesses and projects in the United States and help create or preserve needed jobs for workers by doing so.
In the EB-5 Programme, immigrants who invest their capital in job-creating businesses and projects in the United States receive conditional permanent resident status in the United States for a two-year period.
After two years, if the immigrants have satisfied the conditions of the EB-5 Programme and other criteria of eligibility, the conditions are removed and the immigrants become unconditional lawful permanent residents of the United States.
The Quebec Investor Programme is considered as one of the best programmes for settling down in Canada. To qualify as an investor, an individual must have a net worth of at least CAD$1.6 million (Dh4,195,453), have managerial experience and willing to make a refundable investment of CAD$800,000 (Dh2,097,505) for a period of five years.
Financing is available through Canadian financial institutions. Provincial Nominee Programmes also offer a chance to get permanent residency of Canada with family.
The Quebec Investor programme is passive in nature, meaning that individuals selected under its auspices are not required to establish or actively manage a business in the province. Rather, the programme requires an investment of CAD$800,000 into a prescribed (government guaranteed) investment.
Applicants must have the intention of settling in the French speaking province of Quebec. Successful applicants are issued a selection certificate from Quebec, which allows them to obtain Canadian permanent residence following health and criminality examinations by Federal immigration authorities.