The popularity of Canada and the United States as target destinations for migration is the core reason why the investment immigration programs in both countries are among the world's most popular.
Since Canada's federal government discontinued its investment immigration program, the Quebec Immigrant Investor Program (QIIP) became the major pathway to permanent residency for high net worth individuals.
QIIP's equivalent in the U.S. is the EB-5, hugely popular among wealthy Chinese investors looking to move to America to give their children a new life.
The economic and family class immigration programs in the U.S. have backlogs of anywhere between five and ten years, making the EB-5 option one of the only realistic ways of achieving a green card on a timely basis.
But how do the two programs compare? They each have very different terms, despite the core outcome of permanent residency in return for an investment.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer.
