Canada seeks 50 millionaire immigrant investorsStaff writer ▼ | December 18, 2014
The Canadian government will give permanent residency to approximately 50 millionaire immigrant investors and their families under a pilot program set to begin in the new year.
Pilot program A program set to begin in the new year
"Through the launch of this pilot program, we are attracting investors who can make a significant investment and who have the education and proven business or investment experience necessary to achieve success in Canada," Immigration Minister Chris Alexander said in a news release.
"The funds will be invested in innovative Canadian-based start-ups with high growth potential."
Industry Minister James Moore said the pilot program was part of Canada's efforts "to attract experienced business leaders to Canada while leveraging their business expertise and personal investments."
The government said it will begin accepting applications under the pilot project in late January. ■