Canadian Business Immigration offers three different
Canada Business Visa categories for business
immigration to Canada for potential migrants wishing
to invest or start a business in Canada.
Business immigration to Canada requires that the
applicants must have the ability and intention to
positively contribute to the Canadian economy by
establishing and maintaining a suitable Canadian
business, using substantial business knowledge.
A
Canadian Business Visa can be obtained under the
following three categories:
- Investors
- Entrepreneurs and
- Self-employed persons.
Each
application can be made for only one class and
cannot be changed once the application is submitted.
The criteria you must meet to qualify are different
for each class.
(1) INVESTORS
Under the Investors Program, a potential business
migrant must have evidence of extensive business knowledge
in addition to substantial capital.
Investors must have a net worth of 800,000 CAD$ and
make an investment worth 400,000 CAD$ to the
Receiver General of Canada. Investments to the
Receiver General of Canada are guaranteed by
participating provinces and territories and must be
made when advised to do so by the Citizenship and
Immigration Canada (CIC).
Depending on the exact date in which you make the
investment, it will mature 5 years and 3 months from
that date. The investment is not returned with
interest and the money invested will be used to fund
job creation and the development on the economy
within Canada.
The Investors Program is also a points tested visa
and requires a pass mark of 35 out of 100 points and
is assessed on six main factors including age,
education, business experience, language ability and
adaptability.
Investors must have at least two years business
experience immediately before making an application
to CIC. They must have either:
v Controlled and managed a percentage of equity in a
qualifying business
v Managed at least five full-time job equivalents per
year in a qualifying business
Unlike other business categories, the Investors
Program does not require you to start a business in
Canada.
(2)
ENTREPRENEURS
The Entrepreneur Program seeks to attract experienced
persons that will own and actively manage businesses
in Canada that will contribute to the economy and
create jobs. Entrepreneurs must demonstrate business
experience, a minimum net worth of CDN $300,000 and
are subject to conditions upon arrival in Canada.
Entrepreneurs must have at least two years business
experience immediately before making an application
to CIC. They must evidence their ability to:
v Control and manage a percentage of equity in a
qualifying business equal to or greater than 33%
v Develop and maintain the management of a qualifying
business
v Create at least one full time position within that
qualifying business for one or more Canadian
Citizens (not including family members)
Entrepreneurs are also required to accomplish the
above within 3 years of gaining permanent resident
status in Canada and must be able to evidence this
for a period of at least one year.
The Entrepreneurs Program is also a points tested
visa and requires a pass mark of 35 out of 100
points and is assessed on six main factors including
age, education, business experience, language
ability and adaptability.
(3)
SELF-EMPLOYED PERSONS
Self-employed persons must have the intention and
ability to create their own employment. They are
expected to contribute to the cultural, artistic or
athletic life of Canada. For example, they may
create their own employment by purchasing and
managing a farm in Canada, etc.
You must have at least two years business experience
immediately before making an application to CIC. You
must evidence your ability to:
v Create a business that focuses on befitting the
cultural and leisure/athletic sector in Canada
v Create at least one full time position for yourself
in that business
v Purchase, manage and maintain a farm in Canada
Although you do not need to evidence net assets in
order to obtain this visa, you should be able to
evidence enough funds to support yourself and family
upon your arrival in Canada.
This program is also a points tested and requires a
pass mark of 35 out of 100 points and is assessed on
six main factors including age, education, business
experience, language ability and adaptability. |