In principle the immigrant investor program set up by the Immigration Dept about 20 years ago is very interesting although not very publicized. In a few words if you are rich enough you can “buy” your way to Canadian citizenship by investing some of your money ( 400 000$) in Canada. You can even finance your passport with a bank loan. Needless to say this program has become extremely successful abroad over the years.

But with success came a whole industry of intermediaries ready to game the system and take advantage of it. The majority of scams revolve around ways for immigrant investors to pretend like they live in Canada when in fact they have never set foot there. Just to clarify, in principle any class of immigrant needs to prove that they actually physically reside in Canada in order to benefit from citizenship.

If you are an immigrant investor and want to take advantage of the Canadian immigration dept, there are two ways to “pretend” like you live in Canada. If you have kids you rent out an apartment, you enrol them in college and they live your life for you. If they get contacted by an official they simply say that you are out. If you don’t have kids that you can use as accomplices, there are many “consultants” out there who will be happy to create and live your life in Canada. They will rent out an apartment with your name, they will get all your official papers. They will do the groceries and answer your phone pretending they are you.

The other way to game the Canadian immigration dept is to take advantage of the internal competition that is happening between different provinces to attract immigrant investors. That sometimes can lead to funny situations though. Prince Edward Island province decided to jump in the game two years ago and offered a faster processing time to all Immigrant Investors. All of a sudden, they had more than 200 hundred filthy rich applicants who, because of their love for Prince Edward Island, wanted to settle there with their families. It works because all you need is to express intent to settle there, you don’t actually need to prove that you did it.

It would be fun to see how many multimillionaires Yukon can attract once they start their business immigration scheme.

Anyways, I think it’s perfectly normal for Business Immigrants to try to game the system. What is not acceptable is that  Canadian authorities are  perfectly aware of what is going on behind the scenes. They even know the addresses of those “consultants” arranging those scams. It would be so simple to spot offenders by integrating the data taken from airports and departures.

A senior representative recently admitted that the only reason the authorities are not doing anything about it is because the system as it is now, generates way too much money for everybody involved. That’s all the financial intermediaries doing the consulting with Immigrant investors. All the banks financing the programs. And of course the Canadian government who made close to 1 Billion $$$ with this program last year.

Somebody wise told me once: “honesty comes with a high opportunity cost”. Obviously in this case honesty is worth less than 1 Billion $$$. For that much money, who can blame them?

Many of those are now looking for better places to emigrate in order to protect their famillies. It’s a known fact that Canada is one of the leading destination for immigration coming from India and its big cities like Mumbai. Unfortunately the canadian residency immigration is such a long process that it is not interesting for famillies looking for immediate action.

For profesionals and famillies who can afford it, the business immigration program to Canada is a very good way to emigrate from India in the shortest time frame possible. The whole process can be done in only 9 months.

Due to recent events in Mumbai, India, we will allocate more staff on that region in order to speed up the business immigration process for business people and their famillies looking to get away from India.

This is why more investors and business people are chosing Canada as their safe haven. Most of them immigrate to Canada under the business immigration program that gives you a canadian business visa and allows you to get the permanent residency in Canada and eventually to acquire canadian citizenship.

Google gives us an interesting insight on how the world is searching the web for this topic. Here are the latest results and analysis.

As we can see, mainly people are looking to immigrate to Canada from:

1. India
2. Pakistan
3. South Africa
4. China
5. Singapore
6. Philippines
7. Brazil
8. Algeria
9. Morocco
10. Saudi Arabia
11. Russia
12. Mexico
13. Egypt
14. Vietnam
15. Tunisia

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