Chinese millionaires given just two weeks in scramble for Canada investor visas - South China Morning Post (subscription)
The Immigrant Investor Venture Capital (IIVC) scheme - which will grant permanent residency to immigrants worth at least C$10 million (HK$62 million) who are willing to hand over C$2 million to be invested in companies of Ottawa's choosing - will... A maximum of 60 applicants will then be approved, after a lottery decides which of the applications will be assessed. The deadlines and selection rules were revealed on Saturday when immigration minister Chris Alexander's instructions on the IIVC scheme were gazetted by Citizenship and Immigration Canada (CIC). Wealth migration to Canada has recently been dominated by mainland Chinese millionaires, who made up a large majority of applicants under the now-defunct Immigrant Investor Programme. There were also doubts about how beneficial the immigrants admitted under the scheme had been to the Canadian economy since the IIP was launched in 1986. Vancouver immigration lawyer Ryan Rosenberg, managing partner of Larlee Rosenberg, questioned... Source: www.scmp.com
