More wealthy Chinese emigrating to Canada
Created Sunday, 1st August 2010, 16:06 by whykay
(NOTE: This is a migrated article from the old IBC blog)
Interesting article from the Beeb about the increase in wealthy Chinese people from Mainland China emmigrating to Canada. It may take the longest to get the Canadian passport, but it’s the cheapest. Currently to apply for Quebec:-
[...] scheme requires applicants to show they have a net worth of C$800,000 (US$776,000; £502,000) and they must invest up to C$400,000..
Ottawa has stopped its “federal immigrant investor programme” as it’s in the process of maybe doubling the amount of funds needed before an applicant can apply.
The one thing to note, the applicants are typically in their 40s but they are getting younger!