Immigrant Investor Venture Capital class: Making a final decision
This section contains policy, procedures and guidance used by Immigration, Refugees and Citizenship Canada staff. It is posted on the Department’s website as a courtesy to stakeholders.
Once the processing office has determined that an applicant is a member of the class, the principal applicant and their family members, whether accompanying or not, must pass criminal, medical and security checks.
For detailed information about determining admissibility, refer to chapter ENF 2/OP 18, Evaluating Inadmissibility.
Approving the application
For approved applicants who reside outside of Canada, send the Confirmation of Permanent Residence (COPR) and permanent resident visa (if applicable) to the applicant’s address outside Canada.
Visa officers should not issue a permanent resident visa counterfoil to applicants whose passport was issued by the United States of America or a country identified in paragraphs R190(1)(a) or (b) or R190(2)(b) to (f), or in subsection 190(2.1). However, officers may still request to see the applicant’s original passport in these cases.
If an officer approves an application from a temporary resident in Canada who is a member of a class referred to in paragraph R70(2)(a) or (b), they will
- send the COPR and permanent resident visa counterfoil (if applicable) to the applicant’s address in Canada;
- inform the applicant that, in order to become a permanent resident, they have the option of presenting the COPR and permanent resident visa counterfoil (if applicable) to an officer at a Canadian port of entry, or contacting the CIC Call Centre to request an appointment at a local CIC office, with their family members, if applicable [R71.1(2)].
Processing offices will send an email to the OMC mailbox to advise that an Immigrant Investor Venture Capital (IIVC) application has been approved.
Refusing the application
The processing office must provide a formal refusal letter to all refused applicants. The refusal letter must
- inform the applicant of the immigration class in which their application was considered;
- fully explain to the applicant why their application in that class has been refused;
- inform applicants who have paid the right of permanent residence fee that they are entitled to a refund, and provide an approximate timeframe for its receipt. Processing offices will send an email to the OMC mailbox to advise that an IIVC application has been refused.
Returning and refunding the waitlist applications
Once CIC has issued permanent resident visas for all eligible applications that were approved, all applications on the waitlist must be returned to the applicants along with a full refund.
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