Canada’s Elimination Of Investor Visas Opens The Door For Eb-5 Visas For Chinese
On Tuesday, February 11, 2014, the Canadian parliament moved to eliminate investor visas which previously allowed foreign investors to apply for permanent residency in Canada if they had a minimum net worth of 1.6 million Canadian dollars and invested 800,000 Canadian dollars in an interest-free loan to the government. With the abolition of this visa, an estimated 65,000 applications which have been pending, will now be considered defunct. The elimination of Canada's investor visa program paves…
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