BUSINESS IMMIGRATION
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Are you a business-minded person? Canada offers many options that will allow you to speed up the process of business immigration to Canada. There are many options for business persons to choose from. It depends on where you plan to live, you may choose to apply for one of the provisional immigration programs, such as Quebec Immigration Programs, or a federal government immigration program. Give us a call and we will be happy to discuss with you your Business Class Immigration options and help you move to Canada.
People with business management experience, having certain net worth and who plan to do business in Canada can apply for business immigration to Canada. If you are looking to move to Canada as an entrepreneur, the Canadian government and certain Canadian provinces have several attractive options for you.
This program encourages entrepreneurs to immigrate and grow their companies in Canada. Successful applicants liaise with many organizations in private sector in Canada, where they can obtain support, funding, guidance and expertise in opening and functioning their businesses in Canada. Canada has targeted potential entrepreneurs with the Start-Up Visa Program, to build new companies that can compete globally and more importantly, create jobs.
This type of program is for Entrepreneurs to obtain permanent residence in Canada, as long as they are able to create or acquire a commercial or industrial business or an agricultural business, in the province of Quebec.
Provinces of Canada provide a list of business program categories within their Provincial Nominee Programs. By one of these immigration programs, foreign entrepreneurs may settle down in a particular province.
The Canadian government, along with the provincial government of Quebec, is providing migration programs to self-employed individuals people in certain industries. To be eligible to immigrate to Canada under a Self-Employed Program, the applicant must demonstrate their relevant experience that will permit the applicant to successfully be self-employed in Canada and make a valuable contribution to their field.
The Start-Up Visa program provides foreign entrepreneurs with permanent residence while helping them establish themselves in Canada. The program encourages immigrant entrepreneurs to grow their companies in Canada. Successful applicants liaise with organizations in the private sector in Canada, where they can obtain support, funding, guidance and expertise in opening and operating their businesses in Canada.
Eligibility Requirements:
The purpose of this program is to boost Canadian economy. This program helps recruit new foreign entrepreneurs who will create jobs and promote economic growth. To be eligible, prospect applicants must meet the following requirements:
NOTE: No more than five foreign nationals may apply for permanent residence as part of the same business venture under the Start-Up Visa Program.
Investment Details:
Immigration, Refugees and Citizenship Canada (IRCC) has designated a number of venture capital funds, angel investor groups, and business incubator organizations to participate in the Start-Up Visa program. All successful applicants are required to secure a minimum investment for their Canadian start-up.
Immigration, Refugees and Citizenship Canada (IRCC) have appointed venture capital funds, angel investment groups, and business incubator organizations to participate in the Start-Up Visa program. Successful applicants are required to secure their first small investment in Canada.
If you enter Canada via a designated Canadian venture capital fund - investment requirement is $200,000.
If you enter Canada via a group of the angel investor group, - investment requirement is $75,000.
Applicants are not required to secure any investment in a business incubator. However, applicants must be accepted into a Canadian business incubator program. Applicants do not have to invest any of their money. If their Start-up in Canada is not successful, people who have been granted permanent residence through this program will retain their permanent residence statistics.
Evidence of Commitment:
In order to prove that the applicant has received financial assistance from a business incubator, venture capital fund, or angel investor group, the investor organization must submit a completed commitment Certificate directly to the IRCC. This document covers information about the agreement between the applicant and the investment organization. The purpose of this certificate is to summarize the relevant details of the commitment between the applicant and the investment organization.
In addition, the applicant will receive a letter of support from the investment organization, which the applicant is required to submit to his / her application for permanent residency.
This program will process 2,750 applications per annum. In addition, the duration of the program is limited to five years. If this pilot program comes out to be successful, the Government of Canada may choose to establish a permanent Visa for Start-up Program before the end of the five-year period.
Depending on the Province, a number of business immigration to Canada programs can be offered from those who want to do business in that province. Many provinces have business immigration options that are part of their Provincial Nominee Program (PNPs). Moreover, the Canadian Government and Quebec operate popular immigration programs.
Provinces can nominate qualified business immigrants to become permanent residents. If you are interested to immigrate to Canada through business immigration programs in one of the provinces listed below or are considering to apply for a Federal Government Start-up Visa Program or for Quebec program we at Mian Law can help you.