As global wealth and the need for international commerce increased, countries rolled out plans to enable individuals to immigrate and acquire a permanent resident or citizenship status.
To attain this permanent residency or citizenship status, the high net worth individual is required by the destination country to make certain amount of investment in ventures in the country.
For example, Canada, under its business investor immigration program created in 1986 required that applicants have a personal worth of CAD $1.6 million and must be willing to lend CAD $800,000 to the Canadian government for a period of five years. Once these conditions were met, the individual receives a permanent residence permit.
However, in March 2015, major adjustments were made to Canada’s business investor immigration program.
Benefits of Business Investor Immigration
Since the first business investor immigration program was established, many high net worth individuals have relocated or planned to relocate to new countries via the program, and many have shared the benefits that they have or hope to enjoy, some of these benefits include:
- Better business opportunity
- Improved quality of life
- More favorable tax and regulatory policy
- Safer physical environment
- Access to better services in destination
The business investor immigration program has remained a viable investment venture through which high net worth individuals and countries have attained lofty economic and development goals.
To get more insight into the program and get guidance on how to make the investment, contact Morgan Global Access Consultants Limited today.