Wef Reports: Residency and Cost

wef reports: An immigrant investor program allows people to buy citizenship or residency for a "substantial investment," the WEF reports, according to Huffington Post Canada. The object of such a program is to drive business investment in a country. But how much does that privilege cost And how does it compare to other countries The International Monetary Fund outlined the cost of citizenship and residency in a chart published in December, that was recently reported on by the World Economic Forum . It shows that the cost of permanent residency in Canada ranks with either the most or least expensive countries, depending on whether you want to settle in Quebec or P.E.I., the two provinces that still take money in exchange for permanent residency. And there lots of money to be had. Foreign investor money made up as much as 25 per cent of the GDP in St. Every year, thousands of people spend as much as $2 billion every year obtaining a second or even third passport, BBC News reported in 2014. (www.immigrantscanada.com). As reported in the news.