Canadian Immigrant Investor Program Attracts Indian Applicants

Recent statistics suggest that the number of Immigrant Investor Program applications deriving from citizens of India have increased 500% in the past 12 months. The immigrant investor program allows applicants to seek Canadian permanent resident status on the basis of a secured investment into a Canadian government approved fund. The investment is used to support Canadian business for a five year term, and applicants are granted immigration approval prior to disbursement of the funds. Contributing to this rise is a change to Indian regulations increasing the amount that its nationals could invest outside of the country.

In recent years, as India has built its economic infrastructure, an increase in its trade with Canada has taken place. For example, reciprocal trade between Canada and India grew four per cent, to $3.8 billion in 2007. This increase in commerce is expected to continue to increase the appeal of Canada as a destination for Indian business persons, who in turn are likely to increase trade with India once established in this country.