New Visa Application Centres in China
Immigration, Refugees and Citizenship Canada (IRCC) is officially expanding its Visa Application Centres (VACs) in China. This is expected to broaden Canada’s geographic reach as the country is attempting to increase visa applications coming from China. According to the Canadian government, 7 new visa application centres have now opened in China, and more are expected to be put in place in the near future. So far, in 2017, more than 500,000 visa applications were received from China, which represents a 15% increase from 2016. This growth is only expected to expand over the next few years.
Interestingly, the Canadian government also seems to be catering quite well to Chinese applicants, as, in 2018, the VAC centres will begin accepting payments from UnionPay, one of the largest payment processing providers in China, again showing Canada’s dedication to expanding bonds between the two countries. The Canadian government is evermore committed to demonstrate its welcoming of Chinese immigrants, as well as the cultural exchange between the two countries.
In terms of economic growth, Canada is attempting to expand China’s foreign investors, as they represent the 9th main investors of Canadian companies. However, statistically, they only represent 1.9% of investments, compared to the United States’ 51.5%. Thus, the Canadian government clearly hopes for a larger percentage of Chinese investments over the next few years, and its wish just might come true; with a growth in Canadian economy in 2017, Chinese homebuyers eyeing Canadian properties as investments jumped 30%, and Chinese investors are expected to spend $1 Trillion on Canadian real estate over the next decade.
At CKR Law LLP, our Canadian Law Group prides itself on offering customized guidance to business investors from China. We give “soup to nuts” advice ranging from advising on a potential acquisition anywhere in Canada, incorporating and registering a business in Canada, applying for a new company work permit, and including all dependents and qualifying relatives in the move to Canada. This type of holistic family approach is appreciated by our clients from China.
For more information, contact Véronique Malka, Chair of the Canadian Practice group at CKR Law LLP, at firstname.lastname@example.org.