Canada’s pilot ‘millionaires’ immigration program only receives 6 applicants

Canada has received just six applications for its pilot immigration program for millionaires, far fewer than for its investor class visa that was scrapped last year amid criticism it was allowing rich Chinese to buy their way into Canada.

The Programme was launched in December looking for 50 wealthy Millionaire foreigners to join pilot run of the Immigrant Investor Venture Capital Plan, under which applicants must be far richer than those who entered under the previous program.

Under the new program, would-be immigrants must invest a minimum of C$2m ($1.5m) in Canada for a 15-year period and must have a net worth of at least C$10m. Among other criteria, they must also meet a new requirement that they speak English or French.

The federal government started accepting applicants in January and had received the six applications as of 8 June, the documents show.

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