A warning from government about passive investment schemes looking for permanent residence

    Friday, 28 March 2025 07:00

    By Tonya Organ

    It’s an agreement whereby a foreign investor provides money for a business proposition in exchange for permanent residence to Canada.

    Government is cautioning the public about passive investment immigration schemes that are currently being promoted by some entities within the province and elsewhere in Canada. It’s an agreement whereby a foreign investor provides money for a business proposition in exchange for permanent residence to Canada. This is without the intention to live here or be directly involved in business operations. It could also include requests to hire specific international workers, in exchange for direct investment in a business or economic development project. This practice is strictly prohibited and business owners, Indigenous governments and organizations, should be aware that international companies may approach them to get involved in such schemes. For any questions or concerns email immigration@gov.nl.ca.

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Light rain

      High: 12°C | Low: 6°C

    • Deer Lake

      Heavy Rain

      High: 11°C | Low: 6°C

    • Stephenville

      Heavy rain shower

      High: 15°C | Low: 8°C

    Recently Played

    Podcasts

    • Trash Talk

      Trash Talk Thursday

      Trash Talk Thursday, July 2, 2026

    • BayFM On-Demand

      The Battle of Beaumont Hamel

      Memorial Service in Curling

    • Qalipu Today

      Qalipu Today, June 30, 2026

      Jonah Rowsell returns to the show to talk about the upcoming cruise ship season and how Qalipu First Nation is supporting and promoting Indigenous artists.