The Immigrant Investor Venture Capital Class Pilot Program Reopens For A Limited Time

The current Immigrant Investor Venture Capital Pilot Program ("IIVC") is much like the former Immigrant Investor Program. 

The Immigrant Investor Program ("IIP") was established in 1986 to allow foreign nationals the ability to gain permanent residence status by making a substantial investment into the Canadian economy. The investment was government-guaranteed and repaid in full without interest, after a 5 year term.  Once described as the most popular program across the globe, the IIP went through a few changes before it was ultimately terminated in July 2012, as illustrated in the chart below.

During 1999 to 2012, the program raised almost CAD$4 Billion from more than 9,500 investors.