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News, Provincial Nominee Programs

Prince Edward Island PNP Program Update

February 25, 2016 nkic

Canada will soon lift its sanctions against Iran, and will re-open the Canadian Embassy in Tehran.  This should enable the Prince Edward Island Government to accept Iranian files in future, without the need for DFAIT approval. We will keep you apprised as details are released.

We are currently accepting clients for the Prince Edward Island PNP – PEIPNP, and will submit them to the Government on a first-complete basis.  Please note that the Government application fee has increased to $10,000 (from $7,500), so the client’s initial payment to Confederation Capital is now $20,000 (from $17,500).

To qualify for the PEIPNP, applicants must have a minimum net worth of CAD $600,000 (and be able to prove that these funds were earned through their own endeavours), have completed at least 12 years of school, have minimum 2 years of business management or ownership experience, have an IELTS score of at least 4.0, and intend to settle in PEI and own/manage a business from within PEI.

Please Contact Us for more information.

NKIC Newsletter - February 2016
Citizenship by Investment - Commomwealth Countries, News

Antigua Citizenship By Investment Program Update

February 25, 2016 nkic

Confederation Capital is currently offering an attractive real estate investment, in additional to the cash investment option for the Antigua Citizenship By Investment Program.

Antigua has recently announced that the ban on Iranians will be lifted.  That is, Iranians will be eligible to apply, but must reside outside Iran, and have earned their investment funds outside Iran.  We will keep you apprised once more details are released.

Antigua has also removed personal income tax, making it a very tax-friendly destination for businesspeople and professionals:

An Antigua passport allows visa-free travel to many countries worldwide, including the United Kingdom, the European Union, Canada, and Hong Kong.

Please Contact Us for more information.

NKIC Newsletter - February 2016
Citizenship by Investment, News, USA Immigration Programs

Current USA EB-5 Program Extended

February 25, 2016 nkic

The current USA EB-5 program has been extended to Sept. 30, 2016.  This means that  EB-5 clients have just 8 months to invest at the USD $500,000 level.  After that time, investment levels are expected to change from $500,000 to $800,000 in Targeted Employment Areas (TEAs), and from $1M to $1.2M in non-TEAs.  The current $500,000 investment level will remain in effect for all applications filed with USCIS before September 30, 2016.

Confederation Capital is currently offering a very secure EB-5 project, which is already under construction (and will be completed in October 2016), and which greatly exceeds the job creation requirement (26 jobs created per investor, versus the required 10 jobs per investor).

Under EB-5, there is no language requirement, no age limit, and no management experience requirement.  Applicants must have a net worth of minimum $1 million USD, and be able to document the source and path of funds for the investment and fees.  There is no longer an OFAC requirement for Iranians, and refused Quebec and Canadian investor cases are welcome to apply to EB-5.

Please Contact Us for more information.

NKIC Newsletter - February 2016
News, Provincial Nominee Programs

BC PNP New Skills Immigration Registration System – SIRS

February 25, 2016 nkic

The British Columbia Provincial Nominee Program (BC PNP) has launched a new intake system to better align with British Columbia’s labor market and economic development priorities.

British Columbia is expected to lead the country in economic growth in 2016. Although British Columbians are front of the line for those job opportunities, we know that economic immigration will play a role in meeting the labour demands of our diverse, strong and growing economy. The Provincial Nominee Program (PNP) is the Province s only direct economic immigration tool for bringing in new British Columbians to assist in filling the nearly one million job openings due to retirements and economic growth.

The PNP s new Skills Immigration Registration System (SIRS) is a points-based system that gives candidates a registration score that determines whether they are invited to apply. Their score is based on a number of factors that reflect an individual s ability to succeed in the labour market and contribute to the provincial economy such as level of education, years of direct work experience and a B.C. employment offer. The new system more closely aligns with the federal government s immigration process for skilled labour.

For example, B.C. s tech sector is consistently growing faster than the overall economy. For many employers their need for talent is urgent, especially in highly specialized areas. The new registration system allows employers to access skilled labour quickly to bring highly skilled newcomers into the province to support continued growth in the industry.

SIRS

SIRS system gives candidates a registration score that determines whether they are invited to apply.

Once a candidate submits a registration through SIRS, he or she will receive a registration score and will be entered into a selection pool for the category in which he or she has registered (candidates may register under one category only). The registration, which is free of charge, will remain in the selection pool for a maximum of 12 months from the date of submission.

Periodically, the BC PNP will invite the highest-scoring registrants from each category to apply for provincial nomination.

Which BC PNP categories are covered by the SIRS

Registration under the SIRS is mandatory for certain BC PNP categories, some of which fall under Express Entry B.C., British Columbia’s enhanced immigration stream that is dedicated to nominating candidates who are eligible to enter the federal Express Entry pool. Upon submission of their application at the federal level, these candidates benefit from processing times of six months or less.

The SIRS is also used for certain categories that fall under the BC PNP Skills Immigration stream, a ‘base’ stream. Candidates who receive a base nomination have their applications processed outside Express Entry. The route from a successful BC PNP base nomination to permanent residence is a two-step process. Candidates must first satisfy the criteria for the stream, apply, and receive a nomination certificate. Next, with this certificate in hand candidates may apply to the federal government, which will oversee the necessary medical and security background checks before granting permanent resident status.

SIRS Categories

  • Skills Immigration – Skilled Worker
  • Skills Immigration – International Graduate
  • Skills Immigration – Entry Level and Semi-Skilled
  • Skills Immigration – Northeast Pilot Project
  • Express Entry B.C. – Skilled Worker
  • Express Entry B.C. – International Graduate

Candidates eligible under one of the following categories do not need to register under the SIRS and may apply directly to the BC PNP:

  • Skills Immigration – Health Care Professional
  • Skills Immigration – International Post-Graduate
  • Express Entry B.C. – Health Care Professional
  • Express Entry B.C. – International Post-Graduate

BC PNP Facts

  •  The Provincial Nominee Program (PNP) is the Province s only direct economic immigration tool for bringing in new British Columbians.
  •  B.C. s quota of PNP nominations is set by the federal government.
  •  For 2015, that allocation was 5,500 and the province negotiated an additional 300 to achieve 5,800, more than any other province.
  •  The 2016 PNP allocation from the federal government has yet to be confirmed.
  • B.C. continues to work with the federal government to increase economic immigration and receive more PNP allocations.
  • Since the 2001 inception of the program, more than 34,000 workers and entrepreneurs have been attracted to the province through the PNP.
  • In 2014, 80% of B.C. s total immigrants came to British Columbia through federal immigration streams.

Please Contact Us for more information.

NKIC Newsletter - February 2016
News, Quebec Immigration

Quebec Investor Applications Open To Iranians

February 24, 2016 nkic

While there has been no official announcement yet, we expect the next application window for the Quebec IIP to open this spring – possibly as early as May 1.  Details have not yet been announced, but we expect the program requirements to remain unchanged.

Furthermore, please note that applicants who demonstrate an intermediate ability in French will receive priority processing, and can submit their application any time until March 31, 2016.  Please let me know if you would like me to send you the client documentation in French.

Of particular interest for some of you, due to the recent negotiations between Iran, the United States and the United Nations, the CIP is now accepting applications from Iran.

Please Contact Us for more information.

NKIC Newsletter - February 2016

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