Canada offers investment-based business/investor immigration programs for entrepreneurs and managers looking to immigrate to Canada. If you are one of them it may be the best and fast immigration option for you.
Canada is increasing its immigration targets every year, and successful business people are increasingly attracted to the broad range of business immigration programs Canada offers. Canada has ranked at the top for offering a wide range of business immigration programs to business owners, entrepreneurs, and self-employed people. Most of these programs are point-based immigration programs for which you must fulfill the visa requirements in order to lodge or apply for a visa to enter Canada with your family.
What are the Business Immigration Programs in Canada?
If you are a business owner or an experienced manager looking to immigrate to Canada, the Business Immigration Programs may open up many options for you. The Canadian government wants to attract experienced business owners, self-employed people, and investors to Canada who will contribute to the development of a strong and prosperous Canadian economy, create employment opportunities, and improve the lifestyle of the family immigrating and others they may hire. Here are the most popular business immigration programs you should know about:
Investor Visa Program
If you do not want to start a new business in Canada but wish to migrate by investing, this program may be for you. A professional immigration lawyer can check your net worth, business experience, skills, and confirm your eligibility for the Business Investor Program which is a route to Canadian Permanent Residency (PR).
The well-known investor program is ‘Quebec Immigrant Investment Program’ (QIIP). You should be willing and able to invest CAD $1.2 million. One of the great advantages of this program is that the amount of CAD $1.2 million will be paid back to you after a period of 5 years. To avoid complications, it is wise to consult with our best business immigration lawyer in Toronto.
To be eligible for the Quebec Immigrant Investment Program, you must have:
1. Personal net worth of $2 million
2. At least two years of suitable management or business experience within the five years
3. An investment of $1.2 million into a passive government guaranteed investment for a period of five years bearing no interest
4. Intention to settle in the province of Quebec
Note that Quebec will not accept new applications until April 1, 2021.
Canada Entrepreneur Immigration
Canada has some incredible Entrepreneur programs that can help take your business to the next level. Canada welcomes entrepreneurs who have creative business ideas and enthusiasm to make a difference. The government of Canada and the governments of the Provinces have some options for you if you are wanting to migrate to Canada as an entrepreneur.
The Start-Up Visa Program opens up opportunities to entrepreneurs to start a business in Canada. Successful visa applicants are linked to the private sector organizations in Canada, where they can apply for funding, obtain legal advice, guidance, and knowledge about operating their enterprise in Canada. Entrepreneurs with innovative business ideas could get ITA for this kind of immigration program.
Quebec Entrepreneur Program
The Quebec Entrepreneur Program allows eligible business owners and experienced managers the opportunity to acquire permanent residence if they can successfully start a business in Quebec.
Provincial Entrepreneur Programs
British Columbia, Nova Scotia, Ontario, Saskatchewan and some other provinces offer entrepreneur immigration programs that are part of their Provincial Nominee Programs (PNPs). One of these Provincial Entrepreneur Programs could be an easy pathway for the immigrant entrepreneur to settle in a specific province..
Self-Employed Persons Program
Are you a self-employed professional in the field of arts, culture, recreation or sport? Are you economically independent? Do you dream of living in Canada with permanent residency? If your answer to all these questions is ‘yes’, then the Canadian Self-Employed Program may be for you. There is no regulated minimum net worth requirement for the Self-Employed Persons Program. You must prove that you have sufficient funds to settle in Canada and support yourself and your family.
The Selection Criteria for the Federal Self-Employed Program
You must be graded through a migration point system to assess your eligibility for the Self-Employed Visa. You can score up to 100 points; 25 points for education, 35 points for experience, 10 points for age, 24 points for English/French proficiency and 6 points for adaptability. You must score at least 35 points to be eligible
How can you proceed with the visa application?
Once you sort out your documents and are ready to apply, head over to Konan Law. From identifying the correct Program for you, to organizing and finally applying your visa application successfully, we will guide you all the way!
Provincial Entrepreneur Programs
Many of Canada’s provinces have their own Provincial Nominee Program (PNP). A province can nominate you to immigrate to Canada to settle in that province, and contribute to province’s economic goals.
One of the important factors about this PNP is that you must make a detailed business plan to explain how your business will be operated once visa is granted. The business report must be constructed by professionals in Canada who have been doing this successfully for immigrants. Make an appointment with our business immigration lawyer in Toronto to discuss the best PNP option for you.
Some basic requirements for provincial nominee programs:
- Net worth: Minimum CAD $300,000
- Investment: CAD $75000 to $500,000+, depending on the province’s guidelines
- Business or Managerial Experience: Minimum 3 years
- Job Creation: at least one job or as per province requirement
- Other requirements: IELTS or French Language test may be required by some provinces.
Business Immigration could be very complicated as the programs often require complex business plan writing, exploratory visits, interviews, and EOI. You may be eligible for a number of immigration programs which can be confusing.
If you would like our immigration lawyer in Toronto to check your eligibility for business migration or if you would like us to assist you with your application, you can make an appointment for a consultation through our website. Visit our website for more information, or give us a call to set up an appointment NOW!
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