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SAANICH · E-2 FIELD GUIDE

Does obtaining a different passport remove the investment requirement?

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THE DIRECT ANSWER

No. Qualifying capital, risk, source, direction and enterprise conditions remain necessary.

Keep the full budget and evidence

There is no universal minimum amount that replaces the substantive analysis. A citizenship document cannot prove invested funds or nonmarginality.

Show investment capital and operating costs separately from government fees, legal and professional service fees, and family or travel expenses, and confirm current official fees before committing to anything. Enough to show substantial, irrevocable commitment relative to the total start-up budget, ideally most of it, plus the consular visa fee, any reciprocity fee, and professional and translation costs outside the investment. Transaction costs that are not part of the qualifying investment: legal fees on both sides of the border, valuation and due diligence, environmental assessment on a working waterfront site, and the visa or petition fees themselves. Business spending — lease, equipment, inventory, payroll, working capital — belongs to the enterprise; immigration preparation expenses are a separate category whose treatment should be reviewed on the actual facts rather than assumed. Purchase price, equipment, inventory, leasehold improvements, professional fees paid to complete the transaction and initial working capital can all form part of the investment where they are genuinely spent or irrevocably committed. Substantiality is measured in proportion to the total cost of purchasing or creating this type of enterprise, so a service business with modest capital needs is judged against that cost rather than against a general figure.