The Immigrant Investor Venture Capital (IIVC) Pilot Program replaced the federal Canada Immigrant Investor Program, providing a route to Canadian permanent residence for high-net worth individuals.
Candidates with a legally acquired net worth of $10 million or more must invest $2 million in the Immigrant Investor Venture Capital (IIVC) Fund for a period of 15 years with no guarantee of a return.
IIVC Pilot Program: Requirements
1) Net Worth
Personal net worth of at least $10 million acquired though lawful private sector business or investment. Money acquired through inheritance does not count, nor does value of primary residence.
Candidates will be required to obtain a due diligence report at their expense from one of the following organisations:
- BDO USA, LLP
- Deloitte Forensic Inc.
- KPMG LLP
- PricewaterhouseCoopers (PwC) LLP
- Raymond Chabot Grant Thornton Consulting Inc.
The report will assess whether a candidate’s net worth was acquired through the required legal means.
Non-guaranteed investment of $2 million in the Immigrant Investor Venture Capital (IIVC) Fund, agreeing to commit the sum for approximately 15 years.
Proceeds will depend on the fund’s performance and will be based on its gains or losses, including expenses and fees incurred to manage it.
3) Language Skills
Prove your proficiency in English or French in all four language abilities (speaking, reading, listening and writing), meeting Canadian Language Benchmark (CLB) 5. The original language certificate must be included in the application.
Have completed either:
- A Canadian post-secondary degree, diploma or certificate of at least one year, OR
A foreign equivalent, validated by an Education Credential Assessment.