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You’re looking to go or stay in the US and obtain your green card. So many applicants in the EB5 queue had to go through the horrific experience of the largest EB-5 escrow agent in the US, Signature Bank going under and being bought out by a rival bank. The Federal Deposit Insurance Corporation only insures limits of only US$250,000, leaving most of the US$800,000 EB5 investor’s funds exposed, and creating a lot of uncertainty now and into the future. We all know how fragile the US markets and banks are - do I need to refresh your mind about the 1980s and 1990s Savings & Loan Crisis, the 2008-2009 mortgage-backed securities crisis, and the 2020 pandemic crisis, until this most recent one in 2023.
How about all applicants who were on HB1 visas in the US and were laid off - leaving them in immigration limbo - which is a nightmare. The reality is the US doesn’t want you - it’s the cold hard facts.
Did you know Canada has similar programs to EB5, it wants immigrants and will offer you citizenship eligibility in 3 years after becoming a Permanent Resident. Today we will explore the EB5 Canadian program, compare it to the US program, why it’s cheaper, faster, and more secure for any professionals in the US and overseas who are fed up with the investment risks in the US or even the immigration risks there.
If you are interested in applying for immigration to Canada through the Canada Investment Visa, look no further, that’s our specialty here at INGWE Canada. We have successfully supported applicants from +49 different nationalities. Click the link, fill out the form, and get a FREE email assessment, click here.
Here is a quick crash course in the infamous US-based EB-5 program: it’s an employment-based fifth preference visa that participants receive which was created in 1990 by the US government. It’s an economic stimulus program that allows overseas applicants to invest in pre-approved government projects which meet the requirements of job creation for the specific regions of the country - in exchange the overseas immigrant applicant receives a green card with attached conditions.
It costs US$800,000 minimum, the processing times for EB-5 I-526 Immigrant petitions are from 29.5 to 61 months as of May 2023. That’s expensive, and long, in addition to the uncertainty of US banks, and don’t forget the 5-year residency requirement in the US after you’re a green card holder to obtain US citizenship & passport. Our math isn’t great, but it sounds like it could take 7-10 years at least - and that’s if the US banks don’t default, and your EB-5 investment project is actually completed and successfully meeting the conditions of your green card.
How would you feel if you could obtain an unconditional Canadian permanent residency in 10 months to 2 years, for 1/5th to 1/8th of this price, and your passport 3 years later?
We’re not kidding when we say this, but anyone working or working on an HB1 visa in the US, or from overseas - planning to invest in the US EB-5 program can easily afford this Canadian program. It’s simple, cheap, and straightforward - if you know what you’re doing.
And don’t forget that the Canadian passport is the only English-speaking country that does not require a visa or even ESTA to travel to the US and has E-2 treaty privileges as well as ex-NAFTA or now known as CUSMA in place with the US.
Do you want to become a PR in Canada? At INGWE we could support you! Get a FREE email assessment with one of our licensed immigration consultants. We speak over +8 languages and we have helped applicants from +49 countries in their immigration path to Canada. Fill out our form, click here.
It may not be called the EB-5 Canada program, although it’s the same concept, but much better. In the US EB-5 program, you invest in pre-approved government projects in the country. In Canada, you invest in an eligible active and operational business inside the country.
In the US EB-5 program, you must go through a fine comb with your source of funds and accumulation of wealth. In the Canadian program you just need minimum settlement funds and show that you’ve had it since the time you applied (We’re talking about $15,000 to $30,000 Canadian dollars depending on your family size) - peanuts compared to the US EB-5 requirements.
In the US EB-5 program, you may be from a country where the processing queue is long and can take years before your green card is issued. In Canada, if you invest in an eligible business, meeting the provincial program requirements, you can be sponsored as an executive, manager, or professional for that company within months, and apply for your permanent residency directly from overseas - no matter which country you are from.
In the EB-5 program, you must invest a minimum of US$800,000 in one shot. In Canada, your investment can range from US$ 80,000 to $150,000.
It’s simple, you invest in a minority share in an operational eligible business inside Canada within the province of your choice or the one you are eligible for, and the company sponsors you as a minority stakeholder executive or professional to arrive in Canada on a PR, and sometimes even a work permit - depending on the program.
You may ask, what about language ability and education? Aren’t those mandatory for Canadian immigration? Not all provinces require language proficiency exam scores, and education is not mandatory in all programs. If you have documented proof of management or work experience matching your proposed role in the Canadian entity - it’s possible. There are at least 5 provinces in Canada where this is possible.
You may ask, what about Express Entry - I’m not eligible - so what should I do? Our answer is that you don’t need Express Entry for these programs. It’s purely optional.
You might be worried about what business to invest in - well that’s where you require somebody you trust in Canada to guide you. And by the way…. That’s our specialty - day in and day out we are connecting with eligible businesses across the country seeking investment partners. It’s a win-win situation. The company receives investment, they have a genuine need for the position being offered, you are or could be a minority shareholder, and you can enter the country on a work permit and permanent residency basis.
Let’s quickly summarize all this again in less than 1 minute, it’s 1/8th the investment, it’s 3 times faster, there is less uncertainty in the investment and outcome, not net worth requirements or source of funds, and you get the fastest passport in the western hemisphere which doesn’t involve being a descendant of a specific ethnic group or nationality.
Whether you’re stuck in the US and were just laid off or contemplating why and how to make that huge investment in the US with all that uncertainty under the EB-5 program and its escrow banks, this solution in Canada is for you. Wouldn’t it be nice to live 2 hour’s drive from the US so you can visit anytime, without a visa, have the flexibility of being near the US without having to invest such high amounts with conditions for your green card, and can immigrate anywhere anytime with a Canadian passport.
Are you interested in applying for the Canada Investor Visa? At INGWE we are EXPERTS, and we can support you throughout the process, we have licensed business immigration professionals ready to help. Get a FREE email assessment with us, fill out our form, click here.
If you’re thinking about immigrating whether permanently or temporarily - you’re at the right place! Our team speaks over +9 languages, and we help applicants from over 49 different countries during their immigration process. And this list is growing every day. Get a FREE email assessment, click here.
