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Canada Business Immigration
Canada Business Immigration
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Canada Business Immigration
Canada is a hub for business immigrants who wish to set up their own business in Canada or plan to own a Canadian Business. The visa category comes with many benefits and also allows immigrants to settle in Canada permanently.
Under the Canada Business class Immigration, investors, business managers, and entrepreneurs can settle and build their business in Canada. Those eligible under this category can apply for Canadian Permanent Residence under various pathways and settle in Canada permanently.
Your business knowledge and experience can help you invest in the fast-growing and diverse economy of Canada. There are different categories for Business immigrants:
Canada Business Visa
The Canada Business Visa category is divided into four main categories. Applicants with managerial/business experience and high net worth can apply for Canadian Permanent Residence under the following sub-categories:
- Investors
- Entrepreneurs
- Self Employed Persons
- PNP Business Programs
Start-Up Visa Investor Program
The Start-up Visa Program allows investors to immigrate to the Maple Leaf Country and settle in the country. To be eligible for this program, you will have to fulfil the requirement of being innovative in a way that helps in generating employment for Canadians and have international recognition.
To qualify for the Start-Up Visa Investor Program, the investor must:
- Have a business that is qualified to be operational
- Have an intermediate knowledge of English and French
- Hold a support letter from a designated institution (a minimum funding commitment of 200,000 CAD from a designated Venture Capital Organization and $75,000 CAD from an approved Angel Investor or a Business Incubator.
- Have sufficient funds to settle comfortably in Canada
Entrepreneur Program
Entrepreneurs have been a source of steady and new employment and a chief contributor to the country’s economy. The Entrepreneur program encourages eligible entrepreneurs to open and expand their business in Canada and gain Permanent Residence of Canada.
Requirements to apply for a Canada Business visa for an Entrepreneur:
To be eligible for the Canada business visa, an entrepreneur must:
- Establish, buy or make a minimum investment in a Canadian business within 2 years of arriving in Canada
- Get actively involved and participate in an ongoing business of the economy.
- Employ a minimum of one Canadian citizen or permanent resident
Self-Employed Persons Program
Under the Self-Employed Person Program, individuals can contribute to the economy of Canada or the cultural or artistic life of the country. This category targets individual who wants to buy or establish a Canadian Business with the aim of adding value to the economy.
To be eligible for this program, you must:
- Possess relevant work experience in cultural activities or athletics;
- Make a significant contribution to the country's cultural and athletic spheres.
Once you meet the criteria as a Self-Employed individual, you need to attain a score of 35 out of 100 points based on the following factors:
- Education (Maximum 25 points)
- Experience (Maximum 35 points)
- Age (Maximum 10 points)
- Language Proficiency - English or French (Maximum 24 points)
- Adaptability (Maximum 6 points)
A notable aspect of Canada’s Self-Employed program is the absence of a minimum net worth requirement. Additionally, applicants must have a minimum of two years of work experience in their respective fields to qualify for this program.
Business Provincial Nomination Programs (PNPs)
Every Provincial Nominee Program (PNP) currently includes an immigration stream tailored to attract experienced entrepreneurs to establish businesses in their respective provinces, thereby contributing to the province’s economic growth.
Each PNP’s Entrepreneur immigration stream features distinct requirements. Below is the compilation of Canada’s PNP Entrepreneur immigration programs:
- British Columbia PNP
- Manitoba PNP
- New Brunswick PNP
- Northwest Territories PNP
- Nova Scotia PNP
- Ontario PNP
- Prince Edward Island PNP
- Quebec PNP
Documents required for Canada Business Visa
Following documents are required for you to apply for a Canada Business visa:
- Passport & travel history of the business applicant
- Documentation demonstrating the candidate’s background
- Company-related documents
- Documents to prove that the business applicant won’t reside beyond the stipulated time period
- Medical insurance to cover medical expenses
- Application and consulate fees
Basic requirements for Business Class Immigration
To be eligible for Business Class Immigration category, the applicant must meet the following criteria:
- Entrepreneurial skills
- Ability and intention to invest in a new or existing Canadian Business
- Ability to attract Venture Capital for his initiative (Start-Up Visa)
- Experience in business management or senior level management
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