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Canada provides a rich entrepreneurial environment and welcomes anyone who wants to come to the country to establish a business or invest in the economy. The objective of the Business Visa is to attract business persons with sufficient experience and assets to contribute to Canada’s strong and prosperous economy. Thus Citizenship and Immigration Canada (CIC) selects business immigrants based on their ability to become economically established in Canada.
For many years now Canada has been welcoming business immigrants who have the resources to invest or establish businesses in Canada. Business immigrants, who represent nearly 8% of total immigrants, include investors, entrepreneurs and self-employed immigrants. Selection criteria vary for each category.
Canada has three categories of Business Immigration:
CIC selects experienced business persons with a minimum net worth of 800,000 CAD. Immigrants in this class must make an investment of 400,000 CAD.
In the Invest Program, applicants make their $400,000 investment to the Receiver General for Canada, and after the five-year holding period they returns the investor’s the $400,000 without interest. more…
This program seeks to attract experienced businesspersons that will own and manage businesses in Canada that will contribute to the economy and create jobs.
To qualify as an entrepreneur, you must have business experience. This means that you must have managed and controlled a percent of equity of a qualifying business. Entrepreneurs must have a legally obtained net worth of at least CDN $300,000.
When you immigrate to Canada as an entrepreneur, you must:
have the intention and the ability to control a percentage of equity of a qualifying Canadian business.
You must provide active and ongoing management of the qualifying Canadian business.
Your business must create at least one new full-time job for a Canadian citizen or permanent resident.
You must meet these requirements within three years of becoming a permanent resident.
Before your immigrant visa is issued, you are required to sign a statement that you intend and will be able to meet the conditions of permanent residence. more…
Applicants must have the ability to create their own employment and contribute to the cultural, artistic or athletic life of Canada, or, to create their own employment by purchasing and managing a farm in Canada.
As a self-employed person, you must have relevant experience in cultural activities, athletics or farm management. You must also have the intention and ability to establish a business that will, at a minimum, create employment for yourself. You must make a significant contribution to cultural activities or athletics or purchase and manage a farm in Canada .
No immigration conditions are imposed on this class. You must have enough money to support yourself and your family members after you arrive in Canada.