In recent years ,immigrant investor applicants from mainland China accounts for the maximum proportion. 2004 immigration material statistics indicated that, in the authorized 1186 investment immigration application cases, 768 applicants are from mainland China ,that is 65%. Since the Immigration and Refugee Protection Act (IRPA) became law on June 28, 2002, the number of immigrants applicants from mainland china are increasing. Therefore, CITCC gives a specific explanation to the vital factors in immigrating to Canada.
Applicant Assets Evalucation
The net assets are refer to applicant's property including bank deposit, negotiable securities, real estate, company stock current value, and other properties, such as life insurance (current value), retirement pension savings and education fund and so on.
In these properties, the current assets part is easy to determine. The real estate value must carry on the appraisal through the specialized appraisal. In order to further evaluate, the applicant is requested to show the primitive contract of purchasing the real estate .The immigration officer will appraisal the real estate value according to the these material information . Generally, the reported value should not higher than the officer ‘s appraisal value, otherwise there will be further appraisal process.
The most difficult thing is to evaluate? the applicant’s current company stock value.
Most of them are the middle and small scale private enterprise, their financial report form do not need to audit. According to the Canadian Immigration office's request, the company value appraisal must be carry on by international professional appraisal company, such as Andersen, Deloitte & Touche, Ernst & Young,PwC and KPMG, etc.
But such appraisal expense is extremely expensive and the applicant is not willing to bear such expense generally. Therefore, we suggested the applicant to consign a locality accountant for financial report and make further analysis the net assets based on the report. The applicant should know that the market value of his company is decided on many factors, including its locate profession market competitiveness, the prospects for development, as well as the company estimates market share, product or service competitive power, sales rate of increment and investment rate of return and so on. Then, multiplies the recent year financial report data by a conservative proportionality to get a final result. When was asked this proportionality basis, the applicant must be able to make them clearly.
After the net assets value being evaluated, the most essential question is to prove these properties source. after all past gross income subtracted the expenditure to expend must be equal to or be bigger than the total property. But these gross incomes include years of salary, company bonus, etc..If the applicant is employed, his income main origin should manifest in the wages, the bonus income, this part of income by the employment contract, the pay list, accepts the tax form and so on to prove personally. If the applicant has his own company, moreover is financial report and bonus will demonstrate the sale, the profit and the tax payment . If has the company has the big outset fund (registered capital), the applicant must prove its primitive capital source, namely so-called “first barrel gold”. On the one hand this often is a question which the immigration officer pays attention extremely.
Applicant Assets Structures
When applicant's net assets only achieve CAD$800,000 Canadian dollars, His current assets proportion must quite be high. This is because the fixed asset like real estate, company's value receives the market the influence to fluctuate frequently. But immigration officer when evaluate the assets he will consider whether these properties reach the standards.
When applicant's net assets are higher than request by far more than CAD$800,000, the immigration officer also can pay attention to the property structure covering bank deposit, negotiable securities investment, real estate, company's property. Sometimes, the applicant has the massive bank deposit, other investment property are very few. If the majority of properties manifest in the real estate or the company aspect, the applicant should be able to explain his investment mindset and plans.
Therefore, the property, its source and structure are the main factors to success investment immigration.
