A comparison of the US investor visa and the Canadian investor visa Research Paper

A comparison of the US investor visa and the Canadian investor visa - Research Paper Example The intention of this study is immigration as the act of people belonging to various countries passing or coming into another country to stay there permanently. All around the world, most immigrants have to obtain a visa for their movement from one place to another. All countries of the world have their own demarcated boundaries. No outside person can enter a country without a legal document certifying the entry, i.e. a visa against that countries immigration act. Thus a visa is a legal seal or a documented permission to enter a country. Mostly it is a stamp in the passport of the applicant. The visa gives details about the background of the person, so as to avoid conflict, terrorism or any problems from any dangerous persons and also helps to keep a count on the number of people entering a country. In this paper we lay special focus on the differences in the two visas and their impact, with a special emphasis on Chinese immigration to the US and Canada. From the huge number of migra ting people every year to the US and Canada, a major number of them are Asians, mainly from China and India. The huge number of investor visas issued to Chinese immigrants has been increasing over the years and has been attributed to their wealth. From times immortal, many people from around the world have immigrated to the US for a better standard of living and the ‘American Dream’. However, as immigrants faced struggles in the new land to build their future, the natives complained of lost jobs and distorted cultures. Previously the policies for immigrants in the US were very liberal, but later on complex laws were devised to check the quality of the immigrants (Anderson, 2010, p. 1). Access to high skilled immigrants was of utmost importance for fostering competition within the US companies in the global market. New rules do not allow foreign talented individuals to stay in the US for a long time. This rule in particular encouraged companies to seek talent outside the country in the form of outsourcing. Many companies had also built setups in neighboring countries like Canada because of the high level of restrictions in the US (Anderson, 2010, p. 119). Investor visas were created to encourage foreign investors to put in money in a significant manner in the economy of the host country, in exchange for permanent residency, Green card in case of the US and Maple card in case of Canada, so that it may result in overall job creation in the host country. Both the USA and Canada have introduced investor or entrepreneur visas to encourage foreign entrepreneurs to settle in their countries and provide work to people there.