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Any foreigner who wishes to start a business is eligible to do so in Canada provided they meet the set requirements. Thousands of
foreigners troop to Canada every year for purposes of starting an investment program.
The Canadian Business Immigration Programs mainly aims to promote investments and create more employment opportunities in the country.
This is achieved through migration of persons with ability to create or invest successfully in Canada’s ventures.
Entrepreneurs are invited to apply for this immigration program since it creates job opportunities and contributes to the Canadian
economy. Prospective applicants who successfully complete the application process are allowed to obtain a business permit and live in
Canada as well.
Qualified applicants are free to start a business in Canada and can as well obtain a permanent residential status.
The table below illustrates the average number of people that have recently been given permanent residential status through federal
business immigration programs;
Year | 2020 | 2021 | 2022 |
---|---|---|---|
NO. of people receiving PR. | 91,800 | 91,150 | 91,550 |
To be eligible for the entrepreneur program, the applicant must meet the following criteria:
To immigrate to Canada as an investor, you must apply through the general Start-Up Visa program. To increase your chances of getting the
visa, you must demonstrate creativity by developing jobs that will give Canada a competitive edge internationally. Additionally, you
must meet other conditions:
Conditions applicable to the Start-Up Visa program
Persons from all over the world can apply to move to Canada under a variety of investment categories. There are currently only two
federal government investment programs operating, but interested investors can apply through the PNP or explore special options offered
by the Quebec. The QIIP (Quebec Immigrant Investor Program) is tailored to experienced management professionals who would want to settle
in Canada and intend to settle in Quebec.
Other entrepreneurs can apply through the Provincial Nominee Program (PNP) for Entrepreneurs. Provincial governments and territories are
free to develop their own programs to meet their specific needs. As a result, they monitor and manage these programs independently of
one another.
There are several business investment avenues through PNP programs across Canada:
When applying for a PNP, seek professional assistance. On ordinary, the PNP application process appears to be straightforward. As a result, most applicants choose to cocomplete it independently. This should never be the case, however. Where the application process is not carried out effectively, the likelihood of the case being denied is high. Serious repercussions may ensue as a result of issues such as misrepresentation. This could result in a ban on entry to Canada as well as inadmissibility.
This program is for individuals who intend to establish or acquire a business in Canada that will have a positive impact on the economy
and cultural life of Canadians.
The main program Requirements for Self-employed Individuals are:
Several factors are taken into account during the selection process, including the following:
The applicant has to meet the following thresholds in order to join the entrepreneur program;
This program is for those who have commenced a business and are aspiring to expand it in Canada. It is particularly developed for small,
medium, and large companies that may need to shift some of their employees abroad.
Legal procedures must be followed while transferring employees to Canada. It is advisable to seek professional specialist. The
immigration consultant will not only help both you and your employees in your application process. This can greatly help to reduce the
chances of refusal.
Business immigration services provided can include:
These business immigration services help in smoothening the application process; such that one can know where to obtain specific
information related to his or her application.
These business immigration services help in smoothening the application process; such that one can know where to obtain specific
information related to his or her application.
For those wanting to immigrate to Canada and set up a business, Canada offers a range of alternatives both at the federal territorial, and provincial levels. Immigrants who meet certain requirements are awarded permanent residence in Canada in exchange. The business programs offered by each of the Canadian provinces allow business people in Canada to qualify for Permanent Residency.