Business Immigration to Canada
Canada is one of the 10 easiest countries to start a business. This is because it is extremely rich in natural resources, has an extremely skilled workforce and a stable government. If you want to immigrate to Canada as an entrepreneur or investor, there are several entrepreneurs and investor visa options available to you, including the Visa for New Business and the Provincial Nominee Program. If your application is accepted, you and your family can move together to Canada.
Because of the various provincial business immigration programs in Canada, it provides a great alternative for immigrants looking to invest in the country. When compared with the Investor Visa, Canada Business Immigration requires much less personal net worth with the investment often as low as CAD $100,000.
Canada Business Immigration provides an immigration pathway that aims to create new opportunities in the provinces local market by welcoming experienced businessmen with the required skills and work experience to help in the economic development of the province.
Now, under Business Immigration there are various programs that are designed and implemented to assist in promoting and develop the economy of the country by inviting/attracting entrepreneurs, self-employed, businesspersons, and Investors. Following are the business immigration programs available:
- Self-Employed Program
- Investors Visa
- Entrepreneur Visa
- Business Visitor Visa
Now, we will discuss some basics of the above-mentioned business immigration programs.
This immigration pathway is for the immigrants who are capable of creating their own employment. For this immigrants needs to contribute to Canada’s economy. It can be athletically, culturally or artistically. Following is a list of occupations that are categorized under National Occupation Classification (NOC) Canada:
- Cultural: Painter, Dancer, Journalist, Writer, Musician, and Designer
- Sporting/Athletic: Sports coach, Athlete, Referee and Program Leaders
- Agricultural: Owning a family farm or having operated a farm
The main feature of this program is that there is no net-worth requirement. Candidates only need to support them financially for the move to Canada and funds for the visa process. One of the other benefits of Self-employed program is that the candidate only requires two years of work experience in their field of work
Under the Investor visa program, Start-up visa program is a general Investor visa that allows its holder to run their own business anywhere in the country. For this candidate and their proposed business must meet certain requirements.
Now, every province (except Quebec) of Canada has a Provincial Nomination Program (PNPs). Each one of the PNP has an entrepreneur or investor visa category. Following is the list of the provinces with Investor Visa immigration streams:
Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Northwest Territories, Newfoundland and Labrador, Ontario, Prince Edward Island, Saskatchewan and Yukon.
Each one of the provinces has its own investor visa program with different requirements and eligibility criteria. To successfully run or own their business in the province, the candidate is required to meet these requirements.
This immigration pathway allows the entrepreneur to take advantage of the opportunities in Canada’s growing economy that can lead to Canadian permanent residency, along with their family. To be eligible to apply under this program, the candidate must have a net worth of minimum CAD $300,000 and must be willing to establish, invest or acquire a business in-country. Other minimum requirements are as follows:
- Minimum of two years of work experience of running a business during the last five years of prior to submitting the application. (Candidate must own minimum 25% of equity)
- For the proposed business, the applicant must acquire at least 33.33% of equity
- The proposed business must create a minimum of one new job for a Canadian citizen or permanent resident.
Business Visitor Visa:
This type of visa for business immigrants who want to stay in Canada temporarily to engage in international business markets. For this, they must grow, invest or create business connections in the country. All this will be applicable if the applicant intends to look for ways to grow business, invest or advance their business relationships. To be categorized as a business investor, the applicant must show:
- Intention to stay for less than six months
- No plan to enter the Canadian labor market
- The main source of income and profit is established outside of Canada
- Supporting documents
- That they are able to meet Canada’s basic entry requirements
- They are able to support themselves financially
- Intention to leave Canada at the end of the visit
- No past criminal records and do not possess any security or health risks
Why you must get the help of best immigration consultant – Nationwide Visas?
Getting Canadian immigration into the “business class” has its advantages. If you apply, you will not necessarily require a sufficient level of English or French and neither will you have to meet high training requirements.
In addition, in some cases, as a business immigrant, your permanent resident status in Canada will be unconditional, which means that you do not have to meet strict conditions requiring you to actively manage a business to maintain your status. However, to take advantage of these opportunities, you must know how to properly represent yourself when applying. To do this, it is best to call on an immigration consultant with experience of the unique situation of each businessman.
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