Canada prefers Rich Immigrants
Rich Immigrants preferred in Canada
Canada allows 200,000 Immigrants every year to be a part of them. According to a report from Canada Statistics 2007a, about 69% of population growth in Canada between 2001 to 2006 was due to immigrants.
In the earlier decades the immigrants entering Canada were not so skilled and educated. Since 1970s the immigrant population is relatively more educated.
Recent data shows that more than 50% of the immigrants coming to Canada in the last few decades have a minimum of University degree.
After 2006 the trend has started changing. Canadians prefer an immigrant with a heavy pocket than one with a degree from a reputed University.
The Global crisis has not only impacted the Stock markets across the world but has changed the thought process also.
The changes include invitation of individuals who can spend more and settle down faster without depending much on Canada’s wealth.
In U.K. Tier 1 jobs were open for highly skilled immigrants. Unfortunately, it is shut due to sad economy of the nation.
The same trend is being followed by countries like Canada, Australia and even the United States.
In fact, Australia has recently announced a separate visa category for somebody who can shell out $5 million. This money is invested to strengthen the finance of the nation and help the investor to settle down at a faster rate.
Rahman who is a partner (immigration group) at London Law firm Mischon de Reya Solictor says that the investor category is welcomed by a niche group looking for an NRI status.
“Canada has initiated the concept of “immigrant investor”. This concept invites business people who can invest $800,000 in Canada’s economy. After investing such a huge amount they can become permanent residents of Canada.”
Prior to obtaining the citizenship they have to prove their net worth of $1,600,000. T is important for them establish their business experience before the authorities before getting into any such venture.
The Canadian government verifies the authentication of the source of money and experience both.
Even in the U.S. too the scheme of Employment based 5 is followed. According to this scheme somebody who can invest a minimum of $1 million in the U.S. for 5 years can be a conditional Green Card Holder.
World has seen variety of changes over the period last few difficult years. Nations are changing their policies over immigration to fight back the economic crisis in whatever possible way.