The Real Estate option for Grenada is changing from USD $250,000 to USD $350,000, effective July 1, 2015. Government fees will also increase, per the link below:
http://www.cbi.gov.gd/news-press/important-notice/
Please Contact Us for more information.
Some small changes to the fee structure have been proposed by Government, for implementation on Sept. 1, 2015:
-Due diligence fee for spouse to increase to $7,500 (from $4,000);
-Due diligence fee of $2,000, for each dependent age 12-16, to be introduced;
-Government processing fee of $3,000 to be introduced; and
-Certificate of Naturalization fee of $750 per person to be introduced.
In addition, increases to the investment amount (under the One Time Payment option) have been proposed, for implementation on Aug. 1, 2016:
-the investment amount for a single applicant will increase to $175,000 (from $100,000);
-the investment amount for an applicant and spouse will increase to $225,000 (from $175,000);
-the investment amount for an applicant and 2 young children (under age 18) will increase to $225,000 (from $175,000);
-the investment amount for an applicant, spouse, and 2 young children (under age 18) will increase to $250,000 (from $200,000); and
-the investment amount for additional dependents (of any age) has already been changed to $50,000 (whereas in the past the dependent’s age determined the amount).
If you have any potential Dominica applicants, we would highly recommend your sending their files to Confederation as soon as possible, to ensure they are processed at the current investment levels.
Please Contact Us for more information.
Legislation has been proposed which would see EB5 investment amounts increase in September 30, 2015. Under the new legislation, investment levels would increase from $500,000 to $800,000 in Targeted Employment Areas (TEAs), and from $1M to $1.2M in non-TEAs. This legislation is expected to be approved and come into effect on September 30, 2015.
The new pricing will apply to all I-526 applications filed with USCIS after September 30, 2015. To lock-in cases under the existing pricing and program, it is highly recommended that you submit your EB5 case right away, work with our team to complete the documentation requirements quickly, and transfer your funds as soon as possible, so that your application may be sent to USCIS prior to September 15, 2015. It is possible that some small changes to the source of funds requirement will also occur in September, and we will keep you apprised as further details become available.
Under EB5, 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 Origin of Funds requirement for Iranians, and refused Quebec and Canadian investor cases are welcome to apply to EB5.
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One of the world’s most popular immigrant investor programs, the Quebec Immigrant Investor Program, reopened for applications this week. This popular Canadian immigration option allows qualified immigrant investors and their dependent family members the opportunity to obtain Canadian permanent residence by investing CAD$800,000 risk-free through an approved financial intermediary.
The intake period for applications runs from August 31, 2015 to January 29, 2016, though many expect that the quota of 1,750 applications will be filled sooner than that. No more than 1,200 applications will be accepted for processing from any one country. Candidates with an “advanced intermediate” level in French are not subject to this cap. Moreover, their applications are given priority processing.
• Minimum net worth
Candidates must have acquired a minimum of CAD $1.6 million in net worth, alone or with a spouse or partner. Assets such as property, bank accounts, pension funds, stocks and shares may be included.
• Management experience
Candidates must have acquired a minimum of two years’ management experience in the past five years. The company must have a minimum of two full-time employees. It does not necessarily have to be profitable. It can also be an international agency, department or government agency.
• Investment
The candidate must intend to settle in Quebec and sign an investment agreement agreeing to invest CAD $800,000 with an approved financial intermediary. Eligible candidates must sign an investment agreement with one of the financial intermediaries—a broker or trust company—authorized to participate in the program. The investment can be financed by a financial intermediary.
Compared to many other investor immigration programs around the world, the Quebec Immigrant Investor Program has a number of clear advantages.
First, a successful application leads to a Canadian permanent resident visa. There is no probationary or conditional stage as there is for the EB5 visa in the United States, for example. For the EB5 program, applicants may obtain a two-year green card that is conditional on showing that they created 10 jobs or more in that time period.
Second, investment through the Quebec program is without risk. The investment of CAD $800,000 is guaranteed by the Quebec government and returned in full after five years. Moreover, the investment requirement is far less onerous than other investor immigration programs, including Canada’s Immigrant Investor Venture Capital Pilot Program.
Third, all immediate members of the candidate’s family (spouse or common-law partner and dependent children) are included in the application and have the same status as the candidate. This is not necessarily the case for other investor immigration programs. Successful applicants and their families may enjoy the benefits of permanent resident status, including universal health care, free public education, and access to world-class universities.
“The Quebec Immigrant Investor Program is highly attractive to many international investors, not least because it is passive in the sense that there are no conditional management requirements after arrival. It isn’t as hands-on as most other immigrant investor programs. Moreover, successful applicants have the prospect of living in a diverse, multicultural province that also provides a wealth of education and job opportunities for families,” says Attorney David Cohen.
“Given that the program is currently open and likely to fill soon, I would encourage interested investors to prepare an application and gather supporting documents swiftly in order to maximize their chances of success.”
Please Contact Us for more information.
The Prince Edward Island Provincial Nominee Program (PEI PNP) is an excellent vehicle for newcomers who wish to relocate to a safe and secure small community with a relaxed pace. The PNP is a government of Canada immigration program which is managed at the provincial level.
Confederation Capital is an authorized Island Agent for the PEI Provincial Nominee Program.
To qualify under the Prince Edward Island Provincial Nominee Program, the applicant must meet the following criteria:
•Score at least 50 points on the Self-Assessment form.
•Intend to settle in PEI, and to manage, invest in, or own a business in PEI.
•Make a minimum investment in a PEI business in accordance with Section 87 of the IRPA regulations.
•Have minimum $600,000 in Net Worth (including at least $150,000 in cash).
•Be able to document the source of funds for $600,000 (it must be earned through the applicant’s own endeavours; loans and gifts cannot be used).
•Be between 21 and 59 years of age.
•Have completed at least 12 years of school (completed secondary school).
•Have minimum 2 years of recent management or business ownership experience.
•Have basic proficiency in English (IELTS 4.0 or greater) or French.
Please Contact Us for more information.