Canada's Start-up Visa

[Geoffrey S. Mendelson]

On 7/23/2013 6:07 AM, Tom Balazs wrote:
> Q: What is the minimum investment that I would need to apply for a
> start-up visa?
>
> A: You must secure a minimum investment of $200,000 if the investment
> comes from a designated Canadian venture capital fund.
>
> You must secure a minimum investment of $75,000 if the investment comes
> from a designated Canadian angel investor group.
>
> http://www.cic.gc.ca/english/immigrate/business/start-up/index.asp


Or if it turns out that you were born in Canada, or have a relative that 
was born in Canada, you are a Canadian citizen.

I was born in Canada, my parents were dual US/Canadian citizens. I moved 
to the US when I was 5, and never went back, so I lost my citizenship.

About two years ago, the law was changed, and I am now a Canadian 
citizen, so is my wife, my children (who have never been to Canada), and 
their spouses and their children*.

I think it goes farther than that.

In order to claim your free citizenship, you fill out a form and send 
them $75, which gets you a citizen's ID card (similar to a tehudat 
zehut). Once you have one of those you can apply for a passport.

Since the citizenship was bestowed upon you, and not requested it does 
not affect your other (e.g. US or Israeli citizenship) you may have, nor 
does it incur any tax liability.

Geoff.

* My oldest son is the only one who is married and it turns out his 
wife's father was born in Canada, so he would also be a citizen, and so 
would his children because his wife is now a citizen.


-- 
Geoffrey S. Mendelson,  N3OWJ/4X1GM/KBUH7245/KBUW5379