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Canada is one of the best countries for business owners and entrepreneurs when it comes to pursuing business growth. Earning the name “energy superpower” because of its natural resources, Canada has a stable and continuously growing economy. Hence, it is not a secret that the prospect of starting a business in Canada encourages thousands of people to immigrate and apply for permanent residence in the country.
Are you an investor, business owner or entrepreneur who seeks business growth in Canada? If you are also aiming for residence while establishing a business here, there are several pathways, sometimes referred to as Investment or Business Immigration, that are widely available at both the provincial and federal level.
Do you want to know more about all Canadian Business Immigration programs? Watch our YouTube video here
The Business Immigration pathway consists of different programs under which you can apply to get a work visa and/or even your PR in Canada. These programs have been launched by the Canadian government and the different Canadian provinces to encourage foreigners to establish or invest in a business in the country, offering tremendous opportunities for foreign business investors while also contributing to employment and economic growth in Canada.
Among the top programs within this category that allow you to directly apply for permanent residence in Canada we find the Start-up Visa program.
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Canada Start-up Visa is a Federal program designed for innovative entrepreneurs with the potential for starting a business that can create jobs for Canadians and compete on a global scale. This visa program aims to provide a fast-track permanent residence for foreign entrepreneurs who can meet its eligibility requirements.
To qualify, you must meet all four eligibility and admissibility requirements to migrate to Canada. As an entrepreneur, you must have a qualifying business, a letter of support from a designated organization, good language ability, and enough money to start in the country.
A qualifying business is a business where you have at least 10% or more of the voting rights in shares and other important factors. You must also obtain a letter of support from established organizations to fully validate your application. These designated organizations include Venture Capital Firms with a minimum investment of $200,000, Angel investor groups with at least $75,000 investment, and business incubators.
Applicants for a Start-Up Visa must also take a language proficiency test from an approved agency. You must be able to meet the minimum level in four language skills namely: speaking, reading, listening, and writing, based on the Canadian Language Benchmark for English or French.
Along with your language results, letter of support, and qualifying business, you must also show proof that you have enough money for you and your family to settle in Canada. This is because the Canadian government does not provide any financial assistance for start-up visa immigrants. It is important to remember that the funds required may vary depending on your family size. For instance, a family size of one must have at least Can$ 13,213 to get application approval.
Note that your Canadian Start-Up Visa may take at least 12-16 months to process.
As an alternative, Canada also offers programs that allow investors or business owners to apply for a work permit, which potentially could lead up to obtaining permanent resident status.
Are you eligible for the Canada Start-up visa? Find out now by getting a FREE assessment with a Canada Business Immigration expert! Click here.
The Canada Work Permits/ Visas available for business owners or Investors are options for people who have a business to bring into the country, or for those who can start a business or franchise, buy an existing business, or open a business branch in Canada.
These programs have several benefits to entice business-minded individuals to immigrate to Canada and are available through several Provincial Nominee Streams and Federal options. Among them we can find:
Were you wondering if you’re eligible for any of the Canada Investor/ Work Visa? Get a FREE assessment with one of our Licensed Immigration Consultants and find out! Click here
There are various ways to get a permanent residence in Canada through their Business Investment pathways, often also referred to as Business Immigration or Investment Immigration. This program is ideal for business owners or entrepreneurs who want to start or open a business in the country. You can apply under one of the program’s streams at the federal or provincial level, such as the PNP Entrepreneurial work permits, Investor/ Business Work Permits or Start-Up Visa.
Common requirements to get an application approval are qualifying business, a letter of support from established and designated investors, language proficiency in English or French, and a supporting fund to settle in Canada with your family.
If you are an individual with business experience seeking growth in Canada, hurry up and apply for their Business Immigration Program!
