Business migration to Canada
Business migration to Canada is designed for the foreign investors. Business migration to Canada is a golden opportunity to secure immigration for yourself and your family. Canada always greets booming business person those are looking new destination for their business. Business migration program to Canada make easy for international businessmen who want to establish business in this part of the world. This kind of immigration welcome by the Federal and Provincial and Territorial governments. Moreover, these governments facilitate the overseas business immigrant person to initiate his business.
Canada business immigration categories
1. Investors.
2. Entrepreneurs.
3. Self-Employed person.
Interested immigrants can apply immigration through any one of the mentioned category. However, applicants after submitting immigration application will not change the immigration category or class. The foreign business person will satisfy the authorities regarding his immigration to Canada as investors or entrepreneurs or self-employed individual.
1. Investors
This Canada business immigration class demand few basic requirements from the foreign investors or business person.
1. The net amount for this immigration class is minimum CAD$ 1.6 million from applicant and his wife. This net worth may owned by both husband and wife.
2. Foreign investor makes an investment of CAD$ 800,000 in the Federal Fund by making payment via the Receiver General of Canada. The amount invested by the foreign investor will return or repaid to investor after five years and three months after the exact date of deposit. On the other hand, the investor could pay CAD$ 220,000 to a funding company in Canada who in turn will be depositing CAD$ 800,000 in a Federal Fund. However, the money paid to a finance company is non-refundable.
3. The foreign investor must have a business experience that is divided into two categories.
(i) The overseas investor must have at least two years experience. One year experience should be in management and control of qualifying business in which any two factors must be included namely employment, sales, and net income.
(ii) Experience for one year in business management or a part of business at executive level and at least five employees directly under the applicant.
However, according to Canada–Quebec Accord, Quebec province has its own immigration investor program. The investors who want to invest in Quebec and then they will reside in Quebec. However, federal program, investor in Quebec program must spend CDN $ 800,000 and investor have a net worth of CDN $ 1,600,000.
Entrepreneur
1. Applicant have net worth of CAD$ 300,000. It may belong to both husband and wife.
2. The proposed business must have adequate size as describe in Investor class at S.no. c (i)
3. Foreign investor must establish a legal business in Canada within three years duration after entering in this country. There are four basic parameters, but investor must fulfill at least two of them.
4. The investor must have the purpose and skill to:
(i) Organize a percentage of fairness of a qualifying Canadian business equal to or more than 33.33%;
(ii) Offer lively and continuing administration of the qualifying Canadian business; and
(iii) Generate minimum one incremental full-time job equal for one or more Canadian nationals or permanent residents other than the entrepreneur applicant and their family members.
According to Canada–Quebec Accord, Quebec province has its own entrepreneur program. Quebec invite entrepreneurs according its own terms and conditions. The Quebec program entrepreneurs must plan to reside in Quebec. In general, with the federal programs, entrepreneurs in the Quebec program must have a net amount of CDN $ 300,000.
Self-employed person
Applicant must hold at least two years of experience of one of the following types in the time starting five years prior to the date of application:
(i) Self-employment in cultural activities or athletics; or
(ii) Contribution, at the world class level, in cultural activities or athletics; or
(iii) Farm administration experience.
In general no immigration terms are obligatory on this class.
The self-employed immigrants must be equipped with relevant experience, plan and capability to:
(i) To start a business that creates jobs opportunity for themselves and that considerable input to cultural activities or athletics in Canada; or
(ii) Acquire and run a farm in Canada.
How to apply?
Once you have selected the immigration program then get or down load relevant application Form from Canadian official website. Fill out the application Form then signed and attached all required documents and fulfill condition suggested by the federal or provincial government. Moreover, deposit immigration process fee and submit your all concerned documents at Canadian embassy in your native country.
The application and documents will be reviewed and most probably applicant be asked to attend an interview in the same embassy. In this interview the interviewer will ask about job, work experience, qualification, reason of leaving your native country, financial position, etc. Once the immigration officer satisfied, then he will allow you to leave for Canada as an immigrant.