Since Express Entry began on January 1, 2015, Citizenship and Immigration Canada (“CIC”) has issued four rounds of Invitations to Apply (“ITAs”). However, the total number of ITAs being issued is still relatively small. Also, even though the last round included ITAs issued to applicants having a minimum Comprehensive Ranking Score of 735, this is still too high for an applicant who does not have arranged employment or a nomination certificate issued under a PNP Express Entry stream.
Citizenship and Immigration Canada ("CIC") implemented its Express Entry system on January 1, 2015. Since that date, CIC has issued two rounds of Invitations to Apply (“ITAs”), which invite selected Express Entry applicants to submit applications for permanent residence. However, it only issued 779 ITAs during each round. In addition, it established a minimum Comprehensive Ranking Score of 886 for the first round and 818 for the second round. This ensured that only Express Entry applicants who had either arranged employment or a nomination under the Express Entry Stream of a Provincial Nomination Program could be considered.
On December 16, 2014, the Government of Canada announced that it will unveil its Immigrant Investor Venture Capital Pilot Program (the “IIVC”) at the end of January 2015. The IIVC is designed to attract experienced business immigrants who will actively invest in the Canadian economy and will be available to approximately 50 investors and their families (presumably each year).