As a businessman/woman, if you have done pretty well for yourself in your native country, it is bit natural that you will want to expand and/or start a new venture in a developed economy. And, when it comes to business immigration, no other nation can beat Canada.
Since long, it has attracted ambitious and overseas immigration inspired business migrants to its shores, as it has a low corruption level, and the business requirements are nominal, as compared to other European countries.
If you are one of the many aspiring candidates, who want to commence a venture in the Maple Leaf Country, then you must certainly know about the Canada Business Immigration requirements and this article will give you information on the same.
The country offers many attractive business immigration categories for the potential migrants who want to start anew or invest in an existing venture. The primary requirement for the candidate is that he must have the intention to contribute towards the country’s economic development, by establishing or managing a business through substantial local business knowledge.
Business immigration is an expensive affair. It is possible only if you have enough capital to invest in a venture of your choice. Well, if you are lucky to have a net worth of 800,000 Canadian Dollars and are ready to make an investment of 400,000 Canadian Dollars, then you can apply for the Immigrant Investor Programme (IIP). It is a government guaranteed investment, and must be done on the advice of the Immigration, Refugees, and Citizenship Canada (IRCC).
What else can you ask for, in return you will be awarded with Permanent Residency (PR), plus your investment will be returned after five years and three months from the date you have made an investment. The category is perfect for the passive business immigrants not really keen to actively participate into business activities.
On the other hand, if you are hard working and want to actively involve yourself in a business of your interest, then you can think of Entrepreneur Programme. With two years of experience in the relevant field and minimum net worth of 300,000 Canadian Dollars with the ability not only to contribute towards the Canadian economy, but also to create new job for its residents/citizens, you can apply for the Entrepreneur Visa.
Besides, you must meet other requirements such as you must be able to manage at least 33% or more of equity in a qualifying business, through the same must be able to generated at least one full time job for citizens that must not include their family members. Applicants must fulfill the above requirements within three years of getting a PR Visa and must be able to submit the proof of the same for not less than one year.
If you wish to know more about the immigration requirements for doing business in Canada, consult an immigration consultant!