USA vs Canada: The two most powerful residency by investment programs in North America
North America offers great opportunities for investors. With its high quality of life and good economic status, it is the ideal choice for any investor. Today we bring you the two most powerful residency by investment in North America.
Canada vs USA
Canada provides a start-up Visa Program for global entrepreneurs with permanent residence in one of the best countries to live in the world. This country has low crime rates with fiscal incentives and low operating costs for businesses. Also the free Medicare healthcare system, much in contrast to that of the neighbouring US, stands out as a benefit of Canadian residency alongside the education system. Both of these factors are also reassuring to investors looking to move abroad with their families too.
On the other hand, The USA remains one of the most sought-after destinations for investors. The US EB-5 Immigrant Investor Program offers an efficient route to permanent resident status (a green card) in a short period of time.For those who wish to acquire permanent resident (‘green card’) status in the USA, the EB-5 Immigrant Investor Program is the most efficient way to acquire such status. Each year, the USA government allocates a substantial number of visas for individuals who wish to make a significant, qualified investment into the country that can generate jobs for the USA economy.
How to apply?
For Canada the requirements for the programs are:
Business experience: You must demonstrate relevant business experience for at least two years preceding your application.
Family inversion: You and your spouse must have legally obtained a personal net worth of a minimum of USD 2 million.
Minimal inversion: You must invest USD 1.2 million for a period of five years at no interest.
While in the United States things are slightly different, The US EB-5 Immigrant Investor Program requires that a foreign individual invests into a new commercial enterprise that is associated with government-approved regional centres based on proposals for promoting economic growth. The investment needs to be in one of the following options:
USD 1,050,000 into a non-targeted employment area project.
USD 500.000 into a targeted employment area project in a rural area or an area with high unemployment.
Create or preserve 10 permanent full-time jobs for qualified workers in the USA
Are there any benefits for me?
Fast processing (3 to 6 months)
Visa-free travel to around 160 countries
One of the world's safest place to live
The whole process can be arranged without being present in the country.
Citizenship is allowed after 5 years of legal residence
You can bring your family as well under this program with green cards granted to the investor and their spouse, as well as any unmarried children.
Dual citizenship is allowed, you can have dual citizenship with 64 countries, such as the UK, Australia.
The U.S. passport ranks seventh in the world when it comes to access. Americans can get into 186 international destinations without applying for additional visas in advance and Canada under 21.
So, if you are interested in finding out more about residency by investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.