The US EB-5 program has been extended temporarily until December 11th 2015. Unlike the previous instance in September 2012 when the program was reauthorized for three years, the US Congress has preferred a temporary extension to create consensus for introduction of reforms and new rules related to the program.
The EB-5 program was established in 1990 primarily to attract foreign investment into the US economy. Administered by the USCIS, the investment immigration program offers legal fast-track permanent residence in the USA against minimum investment of US$1 million in a commercial enterprise.
Applicants investing capital in rural or targeted high-unemployment areas are entitled to permanent residence against minimum investment of just $500,000. The program further requires the investment to create or preserve at least jobs for US workers.
In 1993, the program was expanded through the establishment of the Regional Center Program. This enactment provided for economic entities called Regional Centers designed to facilitate EB-5 investments in specific geographic areas. While minimum investment and job-creation requirements are the same, Regional Centers free investors from the responsibility of personally managing their investments.
Further, even indirect creation of jobs is permitted under this Program. Inclusion of indirectly-created jobs, proved through economic models, and the low costs involved in investing in Regional Centers have made this option the most preferred option for wealthy investment immigrants.
For US businesses, the Regional Center program is a comparatively simple alternate source of funding for large commercial development projects. As of September 2015, more than 730 Regional Centers have been established in the country with a majority of EB-5 investors preferring to invest in such entities.
Over-emphasis on Regional Centers and instances of applications being cleared with poor or no oversight has raised fears of EB-5 program being abused by fraudulent applicants. This has led to calls for reforms including introduction of measures like hike in the minimum investment limit, restriction on inclusion of indirect jobs for compliance with the job-creation requirement, stricter oversight, harsher penalties for instances of frauds and abuses, and rigorous monitoring of the program.
The EB-5 Regional Center Program temporary extension is designed to enable authorities to arrive at a consensus on new reforms that will make the program safer without compromising investor demand.
The following is a summary of recent developments in the Canadian Immigration industry which appeared in the April edition of the Canada Citizenship and Immigration Bulletin.
Over the past 12 months, the Canadian immigration landscape has undergone a considerable amount of change. The biggest of these changes was Employment and Skills Development Canada’s (ESDC) plan to reform the Temporary Foreign Worker Program (TFWP) by restricting the number of foreign migrants coming to Canada for short-term employment opportunities.
Simultaneously, Citizenship and Immigration Canada (CIC) provided an ever-expanding list of permanent residence options to foreign nationals, who also had Canadian work experience. By doing so, it began moving from a guest worker type model to a model where foreign nationals felt encouraged to immigrate and establish themselves successfully in Canada.
The History and Growth of the TFWP in Canada
Historically, Canada had often recruited migrant workers for employment in specific sectors. The Non-Immigrant Employment Authorisation Program (NIEAP), which came into being in 1973, changed that. It established a formal regime for recruiting foreign workers to address short-term labour shortages.
Initially, the TFWP enabled Canadian employers to recruit highly skilled workers. These workers needed to have the relevant education and experience, which was not readily available in Canada at the time. With the passage of time however, employers began to rely increasingly on the TFWP to fill routine job openings.
Guest Worker Programs
Guest worker programs enable a country to recruit foreign workers for addressing labour shortages. However, these guest workers do not have the rights and privileges accorded by the country to those individuals who obtain permanent residence.
Guest worker programs are often temporary in nature. This means that foreign workers would work in the host country for a fixed span of time. Upon completion of their fixed tenure, these workers would then return to their native countries.
Traditionally, the Canadian government followed the guest worker-type model. Thus, they brought migrant workers to Canada for:
- Creating an economic benefit or,
- Addressing short-term labour shortages
Changes to the TFWP / Labour Market Opinion (LMO) Application Process
The authorities announced the first wave of changes to the LMO application process in the Economic Action Plan 2013. Under these changes:
- The ESDC suspended the Accelerated Labour Market Opinion process
- This process enabled trusted employers to obtain LMOs on an expedited basis with minimal paperwork
- Then, the ESDC also got rid of the controversial rule that permitted employers to pay foreign workers up to 15 percent less wages than the prevailing average wage
- This rule applied in situations where the employer could prove that they were paying the same wages to Canadian workers in the same role
The ESDC implemented the second series of LMO-related changes on July 31, 2013. These changes included:
- Introducing provisions that prescribed stringent advertising requirements for employers who needed LMO confirmations
- Earlier, employers merely advertised their jobs on the National Job Bank and on another forum for a minimum duration of two weeks
- Thereafter, they would file an LMO application
- The current regulations require employers to advertise their jobs in at least three forums, including the National Job Bank
- They would need to advertise these jobs for a four-week period
- Only after the lapse of this four-week period, can employers submit an LMO application
- The regulations also mandate that at least one of these advertisements must be national in scope
- Introducing a new $275 fee for each temporary foreign worker position for employers seeking to hire temporary foreign workers
- Mandating that employers would only list English and French as eligibility requirements for the purpose of LMO applications, except for jobs where foreign language skills were an essential part of the job profiles
The third series of changes to the TFWP occurred via a series of Ministerial Instructions. These instructions came into being on December 31, 2013. These changes:
- Authorised the ESDC to suspend an LMO during its validity period, before the authorities issued the corresponding work permit in situations where the ESDC:
- Judged that an employer had obtained the LMO through misinformation or,
- Believed that there were reasonable grounds for suspecting that the employer had not adhered to the TFWP
- Authorised the ESDC to revoke LMOs before or after the authorities issued the corresponding work permit in cases where the ESDC:
- Judged that an employer had obtained the LMO through misinformation or,
- Came into possession of new information that suggested that the employment of the foreign workers had a negative effect on the labour market opinion
- Authorised the ESDC to stipulate that all employers needed to retain all records concerning LMO applications for a period of six years
- Authorised the ESDC to:
- Conduct warrantless site visits
- Compel employers to provide the relevant documentation and,
- Interview foreign workers and other employees at the employer’s workplace
On December 31, 2013, the ESDC also introduced a new and more comprehensive LMO application form. The new form requires employers to provide very detailed information of:
- Any potential outsourcing or offshoring arrangements and,
- The impact of these arrangements on the Canadian workforce
In addition, the ESDC also wanted employers to:
- Provide 18 attestations that would demonstrate the employer’s compliance with the TFWP
- Commit to reviewing the salaries of their foreign workers on an annual basis
These requirements aim to force employers to hire Canadian workers preferentially. They also aim at reducing the dependency on the guest worker class of employees.
Changes to the Canada Experience Class (CEC) Permanent Residence Stream
The CIC announced specific changes to the CEC on November 08, 2013. One of these was the introduction of the maximum cap of 12,000 new applications. Therefore, under the new regulations, the CIC can only process a maximum cap of 12,000 new applications for the permanent residence stream. This cap is applicable for the period from November 09, 2013 to October 31, 2014.
The CIC has also identified six NOC “B” professions and has listed them as being ineligible for participation under the CEC permanent residence stream. These six professions comprise:
- Food service supervisors
- Administrative officers
- Administrative assistants
- Accounting technicians and,
- Retail supervisors
In addition, the CIC has established sub-caps for each NOC “B” occupation. This means that with effect from 2014, the CIC would not accept more than 200 applications from any one NOC “B” profession.
Expression of Interest (EOI) System
In its Economic Action Plan 2012, the Government of Canada announced that it would implement an EOI system. This system would enable the CIC to identify immigrants, who have in-demand skills and experience.
Under the EOI submission process:
- Initially, foreign nationals would indicate their interest in obtaining Canadian permanent residence by submitting information about:
- Their skills
- Their education and,
- Their work experience
- The officers would place all applications in a pool, where the system would rank each applicant against other candidates in the pool
- The officers would then, allow employers to access the application pool of candidates
- Thereafter, the employers would be able to screen and interview applicants who possess in-demand skill sets
- The CIC officers would thereafter, provide offers of permanent residence to candidates who have:
- A job offer or,
- High-demand skill sets
The CIC aims to process applications received via the EOI system in a period of six months or lesser. It also expects to implement the EOI system by the end of 2014 or early 2015.
Start-Up Visa (SUV) Program
The CIC launched the Start-Up Visa Program (SUV) Program formally on April 01, 2013. This SUV Program aims at attracting immigrant entrepreneurs to Canada. These immigrant entrepreneurs would:
- Establish innovative companies in Canada and,
- Generate employment opportunities for Canadians
It also committed to approving a maximum of up to 2,750 applications under this stream annually.
To qualify under this program, applicants would need to secure a commitment from:
- A designed business incubator confirming that it is accepting the applicant’s business into its incubator program
- A designated angel investor confirming that it is investing a minimum of at least $75,000 into the applicant’s business or,
- A designated venture capital fund confirming that it is investing at least $200,000 into the applicant’s business
Other criteria that SUV Program applicants would need to meet for qualification specify that the applicants:
- Possess demonstrable language skills in English and / or French
- Possess funds amounting to the equivalent of half the LICO amount necessary for supporting the applicant and their accompanying family members
Changes to the Federal Skilled Worker Program (FSWP)
On May 04, 2013, the CIC re-opened and amended the FSWP. Under the amended FSWP program, foreign nationals could qualify for permanent residence under one of three streams by:
- Gaining employment in one of 24 eligible occupations
- Having an arranged offer of employment or,
- Becoming eligible for applying under the PhD stream
The CIC has also established a new list of eligible occupations. This includes 11 professionals in science and engineering. It includes nine professions in health care too. Other occupations listed include:
- Land surveyors
- Computer programmers
- Industrial instrument technicians and,
- Inspectors in the domain of health and occupational safety
The CIC will now accept a maximum cap of up to 5,000 new applications under the eligible occupations list. This would be applicable from May 2013 to May 2014. In addition, the CIC has prescribed a sub-cap of 300 applications for each occupation. Under the rules prescribed within the revised FSWP, all applicants would need to continue scoring a minimum of at least 67 points on a 100-point grid.
The Elimination of the Immigrant Investor and Entrepreneur Program
The Immigrant Investor Program (IIP) enabled foreign nationals to obtain permanent residence. Similarly, the Entrepreneur program aimed at those foreign nationals, who wanted to establish and manage their own businesses in Canada. In July 2011, the CIC suspended these permanent residence streams. The Government terminated the two programs in Economic Action Plan 2014.
Changes to Age of Dependent Children for Immigration Purposes
On May 18, 2013, the CIC announced its intentions of changing the definition of the term “dependent child”. Under the changes proposed, the CIC would lower the age of a dependent child:
- FROM “Less than 22 years of age”
- TO “Less than 19 years of age”
The CIC has indicated that this change would be purely for immigration purposes. The CIC also plans to eliminate the exception given to full-time students currently.
The Parent and Grandparent (PGP) Sponsorship Program
The CIC closed the PGP sponsorship program in November 2011. On May 18, 2013, the CIC announced that it would:
- Re-open the PGP sponsorship program with effect from January 01, 2014 and,
- Amend the PGP sponsorship criteria as well by:
- Raising the minimum necessary income for sponsorship to Low Income Cut-off plus 30 percent
- Asking sponsors to submit tax documents proving that the sponsors have met the minimum necessary income for three successive years
- Asking sponsors to agree to provide a sponsorship undertaking, which would be valid for 20 years
- Prescribing a maximum cap of 5,000 applications under the PGP sponsorship program for 2014
Over the past 12 months, the Government of Canada has implemented several major immigration changes. It appears that the Government of Canada is marking a policy shift away from the guest worker model, in which migrant workers come to Canada for temporary periods.
Instead, the Government of Canada seems to be heading for a model that encourages highly skilled workers to immigrate to Canada on a permanent basis. Thereafter, these highly skilled foreign workers could become a part of the mainstream of Canadian social and economic life. The latest amendments would help the Government of Canada seems to address the impending labour market shortages, by providing a permanent, stable and most importantly, a viable solution.
Source: Canada Immigration and Citizenship Bulletin
Les autorités d’immigration de la province du Québec ont annoncées qu’elles accepteront de nouvelles applications pour leur Programme d’immigrant investisseur très réussi, pour une période limitée, du 31 août 2015 jusqu’au 29 janvier 2016.
Ce sont d’excellentes nouvelles pour les individus possédant des avoirs importants, qui recherchent une opportunité d’investissement simple et débouchant sur la résidence permanente au Canada. Suite à la fermeture récente du Programme fédéral des immigrants investisseurs, le programme du Québec est le seul en son genre au Canada.
Le Québec a la seconde plus grande économie et population des provinces canadiennes et sa métropole pleine de vie, Montréal, est la seconde plus grande ville du Canada.
Selon l’annonce du gouvernement, un maximum de 1750 demandes seront acceptées durant période d’inscription, y compris 1200 demandes provenant de la Chine, Hong Kong et Macao. Les candidats intéressés sont encouragés à préparer leur candidature au plus tôt, pour augmenter leurs chances d’être sélectionnés.
Les quotas et la durée limitée de la réception ne sont pas applicables aux candidats qui peuvent démontrer un niveau intermédiaire-avancé de la langue française à travers un test de langue approuvé. Les candidats qui répondent à cette exigence peuvent présenter une demande à tout moment au cours de la période du 1er avril 2015 au 31 mars 2016.
Pour être admissible au programme, un demandeur doit:
- Posséder un avoir net personnel de 1.6 million de dollars canadiens, acquis de façon légitime;
- Avoir au moins deux années d’expérience en gestion dans une entreprise privée, un gouvernement ou un ONG, acquises au cours des cinq dernières années;
- Effectuer un placement de CAD$800.000 dans un placement désigné (garanti par le gouvernement) pour une période de cinq ans, sans intérêts;
- Démontrer son intention de s’établir au Québec.
- Payer les frais de traitement du dossier de 15 000$ CA.
Les demandes sont présentées par des intermédiaires financiers approuvés par le gouvernement qui agissent en tant que facilitateurs et qui recoivent chacun un nombre pré-déterminé du total de 1750 demande acceptées. Les candidats qui souhaitent obtenir une place avec un intermédiaire/facilitateur financier peuvent le faire avec un dépôt approprié.
Les lecteurs intéressés sont invités à remplir notre formulaire d’évaluation gratuite afin de déterminer s’ils sont admissibles à l’immigration au Canada en tant qu’immigrants investisseurs.
Jusqu’à maintenant, la vie est belle pour un conducteur de grand routier néerlandais
Brian Parjis profite d’un été merveilleux au Canada depuis son arrivée en Alberta en mars 2014. Nous avons rencontré Brian à Fort Saskatchewan, alors qu’il s’apprêtait à partir pour un long séjour de camping avec des amis.
1. Qu’est-ce qui vous a poussé à vous relocaliser ?
J’étais un conducteur de rand routier professionnel aux Pays-Bas. Je voulais une meilleure qualité de vie et je pensais au Canada depuis quelques années. J’ai finalement visité le Canada l’année dernière, en passant par Fort Saskatchewan, Edmonton et les environs de l’Alberta durant l’été. Ça a été une expérience très positive.
2. Comment avez-vous planifié votre projet de relocalisation ?
Je penchais pour le Canada depuis quelques années et j’ai décidé d’entrer en contact avec une firme professionnelle.
3. Comment avez-vous trouvé Immigration.ca
C’est un ami en Hollande qui me l’a fait découvrir.
4. Aimez-vous vivre et travailler au Canada ?
C’est une expérience inoubliable. Je me suis fait beaucoup d’amis. J’adore le style de vie albertain.
5. Quand êtes-vous arrivé ?
Le 17 mars
6. Combien de temps vous-a-t-il fallu pour obtenir votre permis Classe 1 au Canada ?
Il a fallu à peu près 3 semaines pour tout finaliser, une fois que la documentation traduite a été reçue. J’ai débuté avec un permis apprenti, puis un Classe 7. Cela m’a permis d’accéder à l’examen du Classe 1, que j’ai réussi du premier coup.
7. Comment sont les habitudes de conduite des Canadiens par rapport aux Européens ?
Les Canadiens sont vraiment plus sympathiques et patients ! Les Européens sont toujours pressés. J’ai même trouvé que conduire au centre-ville d’Edmonton est possible avec mon camion.
8. Comment sont vos finances et vos gains au Canada par rapport aux Pays-Bas ?
J’ai un excellent salaire en tant que chauffeur ici. Mes finances se sont beaucoup améliorées au Canada si je compare avec ce que j’avais chez-moi. Je gagne plus et j’économise aussi plus !
9. Qu’est-ce que vous aimez le plus de votre vie et de votre travail au Canada ?
Je suis renversé par les grands espaces et la tranquillité. La paix qui règne est marquante par rapport aux Pays-Bas.
10. Qu’aimez-vous faire à l’extérieur du travail ?
J’aime beaucoup le plein air, la nature, le canoë, le camping. Aux Pays-Bas, je n’avais pas la chance de profiter de ces opportunités. Grâce à ma nouvelle vie au Canada, j’ai rencontré beaucoup de nouveaux amis qui m’ont fait vivre toutes ces nouvelles expériences.
11. Quels conseils pourriez-vous donner aux autres personnes qui aimeraient vivre et travailler au Canada ?
a. Prenez un moment pour bien réfléchir.
b. Parlez-en à des amis et à votre famille – surtout si vous venez seul comme moi.
c. Une fois arrivé, restez en contact avec vos amis et votre famille à la maison. Les médias sociaux sont un outil précieux. Mes parents sont maintenant des professionnels de Skype.