Canada investment immigration new threshold of 1.6 million, requires investment time of more than 5 yearsquires investment time of more than 5 years

In an interview with the South China Morning Post in Hong Kong, Immigration Minister Chris Alexander pointed out that the "Investors' Venture Capital Fund Pilot Project", which will be launched this year, will have a single fund at the beginning of the pilot phase, and applicants will have no choice. Project), at the beginning of the pilot program phase, there will be only a single fund, the applicant to invest all the funds gathered here, the applicant has no choice. However, he said, when the pilot project is carried out later, or when the plan will be turned into a permanent plan, the Ministry of Immigration will review whether to change the plan to provide applicants with more options.

In an interview, Alexander mentioned more clearly that the investment amount of the new plan will be more than twice the $800,000 required for immigrant investors (i.e., more than $1.6 million), while the required investment time will also exceed five years.

Alexander said that the venture capital will be privately managed in the future and no longer managed by the government. For the future of the venture capital raised may be invested in the industry sectors, he cited, for example, capital can be invested in the Internet, biotechnology, entertainment business, animation, film or television production-related new companies.

He stressed that the global competition in attracting venture capital funds is fierce, Canada in Vancouver, Calgary, Toronto, Montreal, and many smaller cities such as Waterloo have a strong venture capital industry, they need more capital investment, the new plan can help attract funds to fill the funding gap.

He said that even in the more remote Atlantic provinces, there are still opportunities for entrepreneurial investment, and as far as he knows, some Hong Kong, Chinese students, entrepreneurs and investors from China are already involved and are driving its development.

In response to the abolition of the application for Chinese investors to prepare for the lawsuit, Alexander said, "We still need Chinese investors, and the door is still open, there are multiple immigration pathways, they must seek other immigration programs to apply."