Who Qualifies for a Canada Business Visa?
Canada offers tremendous opportunities to foreigners who want to do business in Canada. Every year, thousands of ambitious business people grace our shores and there is certainly no reason why you cannot be among them.
As per Google Ranking, Real Estate is one of the most flourishing business in Canada, with right cocktail of mix of immigration, burgeoning Real Estate Demand, influx of population from across the world, liberal monetary and fiscal policy, welcoming federal immigration policy, and growth environment. Important to mention, that from real estate perspective, at various places Canada is outscoring USA, its closest neighbor in Real Estate demands, needs and profitability to many.
The objective of the Business Immigration Program is to encourage investment and employment in Canada through the migration of people who have the ability to successfully establish or invest in a business in Canada. To know more about the profitable list of business, contact us.
Five Main Categories to Business Visas in Canada
Individuals with business/managerial experience and relatively high net-worth may apply for a Canadian permanent residence under the Canada Business Immigration Program in one of the following four sub-categories:
· Self Employed Persons
· PNP Business Programs
· Corporate Immigration
1. Start-Up Visa Investor Program
When looking to immigrate to Canada as an investor, the best option available is to apply for the general Start-up Visa Program. You will have to meet certain requirements for your application to be successful by being innovative, creating jobs for Canadians and being able to compete internationally.
Requirements for Investors
To qualify for the Start-up Visa, applicants must:
· Have a qualifying business
· Demonstrate intermediate knowledge in both English and French (CBL5)
· Get a letter of support from a designated institution (Receive a minimum funding commitment of $200,000 CDN from a designated Venture Capital Organization, $75,000 from an approved Angel Investor, or Business Incubator)
· Bring enough money to settle in Canada
2. Entrepreneur Program
Because they create employment opportunities and contribute to the Canadian economy, entrepreneurs are encouraged to apply for this immigration stream. Successful applicants are able to open a business in Canada, as well as gain permanent residence status in the country.
Requirements for Entrepreneurs
To qualify for the Entrepreneur Program, applicants must:
· Establish, purchase or make a substantial investment in a business in Canada within 2 years of landing in Canada which will result in a significant contribution to the economy
· Engage in active and ongoing participation in the management of the business
· Employ at least one Canadian citizen or permanent resident other than the entrepreneur and his dependents.
To ensure that these conditions are met, entrepreneurs are required to report to immigration officials their progress, on a regular basis within this two year period.
3. Self-Employed Persons Program
This business immigration stream is for those who will either establish or purchase a business in Canada that will make a “significant” contribution to the economy or the cultural or artistic life of Canada
Eligibility under Self-employed persons program:
· have relevant experience (at least 2 years experience in the last 5 years)
· be willing and able to be self-employed in Canada
· meet the program’s selection criteria (minimum 35 points) and
· meet medical, security and other conditions
Selection criteria is based on:
· language abilities
4. Business PNP Programs
There are several business investment avenues through PNP programs across Canada:
Requirements: $600,000 CAD net worth, 3 year’s experience being a business owner/manager, invest $200,000 & create at least 1 full time job for Canadian citizens or PR.
Entrepreneur Regional Pilot
Requirements: $100,000 investment, personal net worth of $300,000, have minimum 51% ownership & create 1 full time job in the local community.
Criteria: The business must be located in a community in BC with a population less than 75,000
Requirements: Minimum investment of $250,000, networth of $500,000 & have 3 years of work experience as business owner/manager
Requirements: $300,000 investment, $500,000 net worth, 3 years experience of farm ownership or operation
Requirements: Net worth $600,000 & must invest $250,000, 3 years of work experience as business owner/manager
Northwest Territory Business Stream
Requirements: $500,000 net worth (if you want to live outside of Yellowknife than req is only $250,000), $300,000 minimum investment (outside yellowknife is only 150k), 3 years of work experience as business owner/manager
Requirements: Net worth of $600,000, $150,000 minimum investment, 3 years of work experience as business owner/manager
Requirements: Net worth $800,000 (outside GTA is only $400,000), minimum investment of $600,000 (outside GTA is only $200,000) & must create 2 full time positions (If outside GTA than only 1 full time position)
If the proposed business is ICT / Digital Communications Sector than networth can be min. $400,000 and investment min $200,000 Corporate
Requirements: International corporation must be established for at least 36 months, must be linked to parent corporation abroad and new business in Ontario, primary income source must be from active earned income from the business
Corporation must make an investment of 5 million dollars to expand into Ontario Must create 5 new jobs for Canadian citizens or PR’s for every “key staff” being nominated at the company
Learn more about Ontario Business Visa/Ontario Business Immigration
|Prince Edward Island||
Business Work Permit Stream
Requirements: Net worth $600,000
Quebec Entrepreneur Program
Requirements: Net worth $900,000, minimum start-up deposit is $200,000 (In Montreal is $300,000)
Currently closed from November 2019 until July 2020
Entrepreneur Farm Program
Requirements: Net worth $500,000 (If under 40 than $300,000), agreement cash deposit of $75,000 (Once the agreement finishes you get this money back), 3 year’s experience managing a farm
Requirements: Net worth $500,000, 3 years of business management or entrepreneurial experience, invest $300,000 in Regina & Saskatoon area (in all other communities only $200,000)
Corporate Immigration is the perfect option for those who have started a business and are looking to expand their business to Canada. This immigration category was specifically designed for large, medium, and small companies that need to transfer their employees seamlessly across borders. There are vital legal steps to take when transferring employees to Canada. Through a variety of services, we help to coordinate the logistics of your travelers so that every employee arrives at their destination without any complications.
Why Seeking Professional Immigration Help is Essential
Obtaining Canadian immigration under the “Business Class” has its advantages. If you apply, you will not necessarily require a working level of English or French nor have to meet stringent educational requirements.
Also in some cases, as a business immigrant, your Permanent Residence Status in Canada will be unconditional, meaning that you do not have to meet harsh terms and conditions requiring you to actively manage a business in order to maintain your status. However, to take advantage of these opportunities, you must know how to properly represent yourself when applying.
Contact us to get the right legal help.