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Immigrant Investor Venture Capital Pilot Program

The Immigrant Investor Venture Capital (IIVC) Pilot Program has reopened. CIC will accept applications from February 13 to April 15, 2015, or until a maximum of 500 applications are received.

Approximately 60 applications will be randomly selected and approved for the IIVC Fund.The Immigrant Investor Venture Capital (IIVC) Pilot Program has reopened. CIC will accept applications from February 13 to April 15, 2015, or until a maximum of 500 applications are received.

Approximately 60 applications will be randomly selected and approved for the IIVC Fund.

Eligibility

Personal net worth

You must have a personal net worth of CDN $10 million or more. Your net worth must have been acquired through lawful, private sector business or investment activities.

Proof of personal net worth

Once CIC has deemed the applications complete, CIC will require selected applicants to obtain a due diligence report at their expense from one of the following designated service providers:

  • BDO USA, LLP
  • Deloitte Forensic Inc.
  • EY
  • KPMG LLP
  • PricewaterhouseCoopers (PwC) LLP
  • Raymond Chabot Grant Thornton Consulting Inc.

The due diligence report is an independent examination and validation of your past business or investment experience, source of funds and personal net worth.

The report will include the service providerís opinion as to whether your wealth was acquired through lawful, private sector business or investment activities. Their report would also flag any potentially negative information for a CIC officer to consider.

Non-guaranteed investment

You must be willing and able to make an at-risk investment of CDN $2 million in the Immigrant Investor Venture Capital (IIVC) Fund.

If you are one of the immigrant investors selected under this program, you will be required to enter into an agreement with CIC committing a sum of CDN $2 million to the IIVC Fund for approximately 15 years. The investment would be at-risk, meaning there would be no guarantee of a return and the possibility that you could lose some or all of your investment. You could also receive proceeds from the IIVC Fund, based on the performance of the investments of the fund.

Find out more about how investments to the Immigrant Investor Venture Capital Fund will be managed.

Language skills

You must:

  • prove your proficiency in English or French in all four language abilities (speaking, reading, listening and writing)
    • take a language test approved by Citizenship and Immigration Canada (CIC);
    • meet the minimum language levels of Canadian Language Benchmark (CLB) 5 in either English or French for all four language abilities (you can use your test results to find your CLB level); and
  • include the original language test results when you apply ?your language test results must be less than two years old on the day CIC receives your application.

Education

You must have:

  • a completed Canadian post-secondary degree, diploma or certificate of at least one year

    or

  • a foreign equivalent, as validated by an original Educational Credential Assessment (ECA) report from a CIC-designated organization. The ECA report must indicate that your completed foreign education credential is equal to a completed Canadian post-secondary education credential of at least one year.

The outcome stated in your ECA report must match one of the acceptable assessment outcomes for you to be eligible to apply.


 




Peter Carpenter
is a member of ICCRC


did you know
  • New Legislation was introduced by the Federal Government of Canada. Our site reflects these new changes. This new legislation has changed many of the regulations and qualifications for immigrating to Canada.

  • We hope our web site provides you with the information you need to decide to immigrate to our wonderful, mulitcultural country.

  • If you are ready, then so is Carpenter and Carleton to make your move as easy as possible.