|
|
| Subject: My question is |
|
|
|
My question is: If a person has to enter Canada Visa tourist and converts the amount of 120 000 Canadian dollars and place it in a bank for 5 years, without interest and do their own such as opening a clothing store or open a company to import clothes from China, he can take to stay in Canada???
Thank you very much.
[10-07-2010,17:58]
[***.219.239.81]
ben |
|
(in reply to: My question is)
Wow!
[10-07-2010,22:20]
[**.233.201.58]
Anonymous |
(in reply to: My question is)
some people call this buying a passport, buying cheap education for your kids or laundering money.
[10-07-2010,22:54]
[**.154.245.217]
Sharon |
no laundering mony (in reply to: My question is)
sharon have niceday no laundering mony. some people call this buying The future of children and a decent life if allowed to answer yes or no ??
have nice one
[10-07-2010,23:42]
[***.219.239.81]
ben |
(in reply to: My question is)
Investors
Investors must have business experience. They must have either:
managed a qualifying business and controlled a percentage of equity of a qualifying business for at least two years in the period beginning five years before the date of application, or
they must have managed at least five full-time job equivalents per year in a business for at least two years in the period beginning five years before the date of application.
The investor class applicant must have a net worth of at least $800,000. They are required to make an investment of $400,000, paid to the Receiver General of Canada. The investment is subsequently allocated to participating provinces and territories in Canada. These governments use the funds for job creation and economic development. The full amount of the investment (without interest) is repaid to the investor after five years. The exact date of repayment depends on when the $400,000 is received by Citizenship and Immigration Canada. At the latest, the amount would be returned five years and 3 months after the date of payment. The return of the investment is fully guaranteed by participating provinces and territories.
Entrepreneurs
Entrepreneurs must have business experience. They must have managed a qualifying business and controlled a percentage of equity of a qualifying business for at least two years in the period beginning five years before the date of application.
The entrepreneur class applicant must have a net worth of at least $300,000. Additionally, they must have the intention and the ability to:
Control a percentage of equity of a qualifying Canadian business equal to or greater than 33 1/3%;
Provide active and ongoing management of the qualifying Canadian business; and
Create at least one incremental full-time job equivalent for one or more Canadian citizens or permanent residents other than the entrepreneur applicant and their family members.
Entrepreneurs are required to sign a declaration stating they intend and will be able to meet the conditions of permanent residence.
[10-07-2010,23:46]
[**.154.245.217]
Sharon |
(in reply to: My question is)
No Provincial Nominee Business type application would allow a passive investment as your posting but if you start a business and have hands on management yes there is many that could fit your situation.
You can not apply from within Canada and you have to comply with regulation 11 regardless of how little or how much money you have to invest or start a business.
Have a nice one?
Roy
cvimmigration.com
[11-07-2010,08:48]
[**.229.28.10]
Roy |
(in reply to: My question is)
Roy, not quite sure whether Ben meant just to park the money on an account as he mentions to open a business (probably from this money).
@Ben: basically the aproach is possible - however, as already stated you need to fulfill some requirements - especially the financial requirements these days are quite high. furthermore, keep in mind that an import business will not be easy as there are loads of people doing exactly the same and the canadian market is pretty satified with cheap stuff from china already.
You probably will lose all your investments right away if you do not have an excellent knowledge of the local market.
If you plan to immigrate to canada you´d better check other options such as skilled worker programme (Perm. Residency). As a PR you can open a business much easier as the requirements for this kind of entrepreneurship are much lower.
[11-07-2010,20:51]
[**.204.59.132]
brian |
(in reply to: My question is)
Brian, you obviously don´t live in Vancouver or are not familiar with the real estate business. They are called immigration flips. You buy a business or start a business with absolutely no intentions of working it or making money. You buy a little warehouse somewhere and buy some cheap sweatshirts that never leave the building. You put your kid in the front office to do his homework and the business loses money until the applicant gets his citizenship then the business gets sold to the next guy that wants to do the same thing. It gets done with import businesses, restaurants, corner stores and the list goes on. In some cases, this scheme is also used to launder money.
If you are rich in China (like many of these people are) it is chump change to pay $120,000 or more to get your kids into the country and buy them a big house and a cheap, excellent education.
Ben actually admitted his intentions - he wants to buy his kids and education.
[11-07-2010,21:08]
[**.154.245.217]
Sharon |
Sharon (in reply to: My question is)
Are you jealous that Ben is an immigrant that have that kind of money in the Bank and you asa "Great Canadian" don´t. Welcome to Canada Ben. Just try avoiding people like Sharon. They will be up to get you!
[11-07-2010,23:32]
[***.6.233.232]
Vitorelli |
(in reply to: My question is)
$120,000 is not even a down payment on a Vancouver house on the east side. I am not feeling particularly impressed or jealous.
I am just telling Brian the facts.
[11-07-2010,23:36]
[**.154.245.217]
Sharon |
