Canada offers fertile ground for investment and encourages innovation that can contribute to the growth of the national economy. Entrepreneurs and investors who can generate gainful employment opportunities for the local population are proportionately rewarded. Business immigration to Canada offers a pathway to permanent residence, which instantly unlocks a bounty of related perks – including publicly funded healthcare, social benefits, subsidized education, superlative quality of life, and possible citizenship.
To this end, intending migrants can explore a variety of options, provided they can meet certain conditions related to:
- Relevant experience as a business owner or senior management
- Minimum net worth requirements
- Ability to invest in a new or existing Canadian business
- A credible Business Plan
- Job creation prospects of the proposed business
- Intention to actively run and participate in the day-to-day management of the business
There are several pathways for immigration through investment or entrepreneurship. The services of genuine Canada immigration consultants can enable an aspirant to identify the most appropriate pathway to for their purpose and receive reliable support throughout the process. The following visa programs are available for business immigration to Canada:
Start-up Visa Program
Innovative entrepreneurs – individuals or groups of up to five people – who have requisite qualifications and support from a designated organization in Canada can gain permanent residence by establishing a profitable business venture in Canada.
Self-employed Persons Program
Those who have relevant experience in cultural or athletic activities, and an established potential to contribute to such activities in Canada, can relocate permanently as self-employed persons under this Canada business visa program.
International Mobility Program – Intra-Company Transferees Category
This category allows multinational companies to transfer a qualified employee from a foreign office to work in a parent company, branch office, subsidiary or affiliate of that enterprise in Canada – on a temporary basis. In due course, the temporary work permit can lead to permanent residence.
Canada Provincial Nominee Program – Entrepreneur and Investor streams
Canada has 12 provinces and territories. 11 of these have distinct immigration ‘streams’ under the Provincial Nominee Program, dedicated towards entrepreneurs and investors who can meet the eligibility requirements for purchasing or establishing a business in that province or territory. The province of Quebec runs its own investor and entrepreneur programs.
Ultimately, the prospect of business immigration must be viewed as a lucrative opportunity that allows a candidate to participate in the dynamic and prosperous Canadian economy. As an added benefit, the businessperson and their family can access the multifarious privileges of permanent residence in the vibrant multi-ethnic culture of Canada.