UGLOBAL . COM
83
EXPLORING RESIDENCY BY INVESTMENT : A COMPARATIVE ANALYSIS OF CANADA ’ S AND THE U . S . PROGRAMS
BY AFSHIN SARHANGPOUR
Choosing between these RBI routes requires considering investment requirements , job creation mandates , processing times , and treatment of dependent children .
For entrepreneurs seeking a new beginning in North America through investment , the dilemma of " the U . S . or Canada ?" is a critical decision point . This article dissects the permanent residence by investment ( RBI ) programs in both countries : the renowned EB-5 program in the U . S . and Canada ' s Entrepreneur pathway , or C11 . These pathways offer routes to secure permanent residency or a green card through strategic investments in business ventures .
USA ' s EB-5 Visa Program :
The EB-5 program acts as a gateway for foreign investors in the United States . Applicants must invest in a new or existing U . S . business to obtain this investor visa . Upon approval , conditional temporary residency is granted for two years , paving the way for a green card and permanent residence . Canada ' s Entrepreneur Program :
Canada , known for its diverse business immigration options , offers the C11 Entrepreneur Stream tailored for foreign investors and entrepreneurs . This program requires establishing a new business or acquiring an existing one in Canada . Upon C11 approval , a Canadian work permit is issued for two years , leading to a path to permanent residency .
CHOOSING BETWEEN THE USA AND CANADA FOR PERMANENT RESIDENCE BY INVESTMENT
While the US EB-5 and Canada ' s Entrepreneur streams offer paths to permanent residency , their procedures significantly differ . Furthermore , C11 stands out for its flexibility , efficiency , and accessibility to foreign entrepreneurs , investors , and businesses .
Factors to Consider : Canada vs . U . S . Immigration :
1 . Flexibility in Entrepreneur Immigration :
Canada provides more flexibility in business immigration compared to the United States , offering diverse avenues