Canada Business Migration Programs

Canada Business Migration Programs

If you want to start a business or you are looking to make an investment in Canada, there are various options for you. Canada offers good permanent residency programs for businessmen and investor who are planning to invest in business or want to do business in Canada. In order to get permit, the applicant must invest in the Canadian economy and meet the terms with various conditions posed by Citizenship and Immigration Canada. The programs presently open for Immigration to Canada for

  • Quebec Immigrant investor program
  • Canada Provincial Nominee Programs for businessmen and investors

Quebec Immigrant Investor Program

The province of Quebec in Canada has its own set of policies as per the Canada – Quebec Agreement. The Quebec/ investor immigration Program is a category of Canadian Immigration that is available to individual who have obtained entrepreneurial (capitalist), self- employed or investor work-experience. All of these three types have their own selection procedure.

Procedure for an Entrepreneurial class:

In order to pertain, the applicant should have had at least 2 years of previous experience out of the last 5 years in managing in any form of business. The industrialist must have minimum net assets of CAD $ 3,00,000 and be willing and able to establish a business in Quebec which will create at least one incremental job in Quebec.

Procedure for self employed class:

To qualify as a self- employed person, an individual must have a net worth of CAD $ 1,00,000 and also must have experience in profession or trade that they intend to practice in Quebec.

Procedure for an Investor class:

The staff in his business should occupy at least 2 fulltime employment positions. The investor must have minimum net assets of CAD $ 16,00,000 acquired lawfully. And He must invest an amount of CAD $ 8,00,000 for a period of 5 years and sign an agreement with a financial mediator which is government recognized.

For all these programs it is not mandatory for the applicant to have good French and English language skills. Factors such as age and education are of little relevance under this program as well. With this, the applicant is not obliged to participate in any form of active business or seek an employment. Thus, the immigrant has the advantage to even spend the rest of his life in retirement post immigration or live on passive investment. If the candidate qualifies, he would be granted an unconditional Permanent Residence. Post landing, this visa has no conditions attached for the principal applicant or his family.

Processing Time and fees:

For all these programs processing time may differ from one Canadian immigration Visa office to other. Fees are also differing on the category of Business Immigration.

Canada Business Provincial Nominee Programs

The main purpose of this program is to ensure that there is an impartial growth and progress in the Canadian economy. Based on the potential of the business, an applicant can select the appropriate province or territory to invest. Most of the Canadian provinces have their own Provincial Nominee Programs.

The biggest advantage of the province is the priority in processing for the application sent under this program. This would ensure faster visa issuance than the usual processing time. However, major terms and conditions do apply for prospective and successful applicants under these programs.

British Columbia/ Vancouver/ Abbotsford:

The applicant must have minimum net worth of CAD $ 8,00,000. And He must invest an amount of CAD $ 4,00,000 and ownership of at least 1/3 of an eligible business. Applicant should have experience and business plan. In order to obtain a work permit applicant should create at least 3 new jobs for Canadians or Permanent Residents.

For Outside of these province minimum CAD$4,00,000 net worth is required out of which CAD $2,00,000 and ownership of at least 1/3 of an eligible business. Applicant should have experience and business plan. In order to obtain a work permit applicant should create at least 1 new job for Canadians or Permanent Residents.

Saskatchewan:

The applicant must have minimum net worth of CAD $ 3,00,000. And He must invest an amount of CAD $ 1,50,000 and ownership of at least 1/3 of an eligible business. Applicant should have minimum 3 years of business management experience and business plan. In order to obtain a performance applicant should participate in day-to-day management of business & create new jobs for Canadians or Permanent Residents.

Ontario:

Applicant must invest an amount of CAD $ 10,00,000 and ownership of at least 1/3 of an eligible business. Applicant should have minimum years of business management experience and business plan. In order to obtain a performance applicant should participate in day-to-day management of business & create at least 5 new jobs for Canadians or Permanent Residents.

Manitoba:

The applicant must have minimum net worth of CAD $ 3,50,000. And applicant must invest an amount of CAD $ 1,50,000 and ownership of at least 1/3 of an eligible business. Applicant should have minimum 3 years of senior business management experience and business plan for Manitoba. In order to obtain a performance applicant should participate in day-to-day management of business.

Quebec:

The applicant must have minimum net worth of CAD $ 3,00,000. And applicant must invest an amount of CAD $ 1,00,000 and ownership of at least 1/4 of capital equity. Applicant should have minimum 3 years of senior business management experience and business plan for Quebec. In order to obtain a performance applicant should participate in day-to-day management of business.

Northwest Territories:

The applicant must have minimum net worth of CAD $ 5,00,000 only if buying a business in Yellowknife city. Out of which applicant must invest an amount of CAD$ 3,00,000 in a business in that city. Applicant should have experience and business plan. Performance agreement required in order to gain a work permit.

New Brunswick:

The applicant must have minimum net worth of CAD $ 3,00,000 Out of which applicant must invest an amount of CAD$ 1,25,000 in a business. Applicant should have previous business ownership or senior management experience along with the business plan. In order to obtain a performance applicant should participate in day-to-day management of business.

Prince Edward Island:

The applicant must have minimum net worth of CAD $ 6,00,000. Applicant must invest an amount of CAD$ 1,00,000 in a business. Applicant should have previous business ownership or senior management experience along with the business plan. In order to obtain a performance applicant should participate in day-to-day management of business.

Yukon:

The applicant must have minimum net worth of CAD $ 2,50,000 including CAD$1,50,000 in liquid assets and must invest an amount of CAD$ 1,50,000 in a business. Applicant should have minimum of 5 years of business management experience along with the business plan. Performance agreement required in order to gain a work permit.

Note: Additional deposit of CAD$ 10,000 is required if language results are below Canadian Language Benchmark 5.

For Assessment:

To check which option is best suited for you, kindly send the following to evisavalley@gmail.com for appropriate advice.

  • Your updated Resume/CV.
  • Provide your partner updated Resume/CV as well.
  • If applicable, please provide information on children and their age.
  • Also mention you and your spouse IELTS/PTE/ French/ TOEFL score.
  • Information on any immediate family member (blood relations) residing in any foreign country.

*For more details please contact our Visa Valley counselors.