Can small business owners migrate to Canada?
Yes, why not? Canada offers a range of business visas to foreign nationals seeking a permanent residency via investment. Self-employed and start-up visa programs are two immigration pathways to permanent residence in Canada. Self-employed immigrants and ambitious start-up founders can move to Canada and establish their business presence in the country.
The self-employed visa allows professional athletes, artists, and foreign nationals in the arts and cultural industry to apply for this program and permanently settle in the country.
The most significant thing about the self-employed visa program is that applicants need not invest any money to qualify. There is no net worth requirement. Instead, eligible applicants are only asked to provide proof of their experience within their industry. They must also provide sufficient claims to being successfully self-employed.
Applicants are awarded points for their education (25), experience (35), age (10), language proficiencies (24), and adaptability (6), for a total score of 100 points. Candidates must score at least 35 points to qualify for the visa stream.
Federal Self-Employed Program Requirements
If you’re interested in this program, you must:
- Demonstrate at least two years of professional work experience in your field.
- Be aged between 18 and 35 years
- Be genuinely interested in settling down in any Canadian province or territory
- Be proficient in the English language
- Be committed to contributing to Canada’s cultural, economic, and social prosperity in Canada
- Meet health, character, and other security-related requirements
- Have sufficient settlement funds to support their initial stay in Canada
The processing times for the self-employed visa may range from 24 to 36 months.
Canada Start-up visa
The start-up visa program is a big attraction point for Indian entrepreneurs seeking a permanent residency in Canada. The program aims to welcome ambitious and innovative foreign entrepreneurs with unique and scalable business ideas. Successful applicants can move to Canada with their family members and apply for citizenship after some years.
There is no net worth and education requirement for the start-up visa. However, applicants must secure a letter of support from a designated Canadian business investment organization or incubator.
These organizations select the most eligible business ideas and then follow their intake process and criteria to assess them. Once the start-up visa applicant’s business idea gets approved, the designated organization will issue a letter of support, allowing the candidate to move on with the process.
With a viable start-up business plan, the immigrant investor can expect to have their letter of support within six weeks of applying. After which, they can apply for a work permit and permanent residency.
Canada start-up visa eligibility
To be eligible, you must:
- Have a qualifying business
- Get a letter of support from the designated organization
- Meet the English language requirements
- Bring sufficient funds to manage your initial stay in Canada
Small business owners and entrepreneurs with scalable business ideas can immigrate to Canada with the pathways mentioned above. Canada is an excellent destination for business as it has everything an investor needs to enjoy unique social, economic, and medical perks. They also open the doors for you to become successful future NRIs.
Do you wish to attain Canada PR Visa? Choose Canada Start-up Visa for a seamless process, expert documentation, and smooth business incorporation. Reach us at (+91) 859 533 8595 for immediate free counseling or write to [email protected] for assistance on Business Immigration.
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