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Canada

Start-up Visa

With a view to boost quality immigration to Canada–and fuel its economy further through creation of fresh job-opportunities in the country–Canada will introduce a fresh immigration scheme for the innovative and enterprising overseas entrepreneurs called Start-up visas. The category opened from April 1st, 2013.

Start-up visa program will add to the worldwide popularity of Canada, and cement its position as a top place for the ambitious and enterprising businessmen and industrialists from all over the globe, via inspiring them to open their business enterprises in the country. Employing self-motivated capitalists/businessmen from throughout the globe will prove helpful for Canada as well, and it would continue to be ahead of competition at the world stage.

Canada Start-up Visa permit will productively connect the overseas businessmen/industrialists with those businesses from the private business segment in the nation which enjoy good experience being involved with the fresh organizations/firms and which may supply important resources. The Start-up Permit for entrepreneurs and businessmen is a crucial component of a chain of transformational modifications made to Canada’s immigration structure. The scheme will make the immigration system faster, more flexible, and devoted to the nation’s particular needs.

Through offering the precious overseas entrepreneurs with the rights for permanent residency–and instant access to an extensive variety of business associates–Canada will emerge as a much sought after global hub for the businessmen with ideas.

Towards assisting the sought after entrepreneurs realize their skills and expertise, and boosting their influence on the national labour market, they will need the backing of a Canada angel investor organization or Canada venture capital fund, prior to they may file a petition for the Scheme of Start-Up Permit. Apparently, the entrepreneurs from abroad will also have to fulfil some requirements involving language skills & educational credentials even as the entire bunchy of requirements will be publically disclosed sometime during the spring of this year.

 

Business Immigration Visas

Canadian Business Immigration offers three different Canada Business Visa categories for business immigration to Canada for potential migrants wishing to Invest or start a business in Canada.

Business immigration to Canada requires that the applicants must have the ability and intention to positively contribute to the Canadian economy by establishing and maintaining a suitable Canadian business, using substantial business knowledge.

A Canadian Business Visa can be obtained under the following three categories:

 

Immigrant Investors Program

Under the Investors Program, a potential business migrant must evidence extensive business knowledge in addition to substantial capital.
Investors must have a net worth of 800,000 CAD$ and make an investment worth 400,000 CAD$ to the Receiver General for Canada. Investments to the Receiver General for Canada are guaranteed by participating provinces and territories and must be made when advised to do so by the Citizenship and Immigration Canada (CIC).
Depending on the exact date in which you make the investment, it will mature 5 years and 3 months from that date. The investment is not returned with interest and the money invested will be used to fund job creation and the development on the economy within Canada.
The Investors Program is also a points tested visa and requires a pass mark of 35 out of 100 points and is assessed on six main factors including age, education, business experience, language ability and adaptability.
Investors must have at least two years business experience immediately before making an application to CIC. They must have either:

  • controlled and managed a percentage of equity in a qualifying business
  • managed at least five full-time job equivalents per year in a qualifying business

Unlike other business categories, the Investors Program does not require you to start a business in Canada.
If you believe you have the required funds and business experience, please contact us for a full assessment.

 

Entrepreneurs Program

The Entrepreneur Program seeks to attract experienced persons that will own and actively manage businesses in Canada that will contribute to the economy and create jobs. Entrepreneurs must demonstrate business experience, a minimum net worth of CDN $300,000 and are subject to conditions upon arrival in Canada.
Entrepreneurs must have at least two years business experience immediately before making an application to CIC. They must evidence their ability to:

  • control and manage a percentage of equity in a qualifying business equal to or greater than 33%
  • develop and maintain the management of a qualifying business
  • create at least one full time position within that qualifying business for one or more Canadian Citizens (not including family members)

Entrepreneurs are also required to accomplish the above within 3 years of gaining permanent resident status in Canada and must be able to evidence this for a period of at least one year.
The Entrepreneurs Program is also a points tested visa and requires a pass mark of 35 out of 100 points and is assessed on six main factors including age, education, business experience, language ability and adaptability.
If you believe you have the required funds and business experience, please contact us for a full assessment.

 

Self-Employed Persons

Self-employed persons must have the intention and ability to create their own employment. They are expected to contribute to the cultural, artistic or athletic life of Canada. For example, they may create their own employment by purchasing and managing a farm in Canada, etc.

You must have at least two years business experience immediately before making an application to CIC. You must evidence your ability to:

  • Create a business that focuses on befitting the cultural and leisure/athletic sector in Canada
  • create at least one full time position for yourself in that business
  • Purchase, manage and maintain a farm in Canada

Although you do not need to evidence net assets in order to obtain this visa, you should be able to evidence enough funds to support yourself and family upon your arrival in Canada.

This program is also a points tested and requires a pass mark of 35 out of 100 points and is assessed on six main factors including age, education, business experience, language ability and adaptability.

If you believe you have the required business experience and funds to support yourself in Canada, please contact us for a full assessment.

 

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