I’m sure you’ve heard about Canada’s business immigration program. I mean, it’s all over the news. From liberal do-gooders to conservative pundits, everyone seems to agree that Canada has a strong and robust business immigration program. And they’re right: Canada does have a strong business immigration program! But what exactly does “strong” mean? It means that there are many different ways for you to immigrate to Canada as an entrepreneur or entrepreneur-in-residence (EIR). Here are just some of them:
Why Canada?
Canada is the best place to start a new business. Why?
- The Canadian economy is strong and growing:
- Canada has had one of the strongest economies in the world for over 15 years. In addition, it’s been one of the fastest growing economies for 10 years in a row.
- The Canadian dollar has been quite stable, which means it’s less volatile than other currencies. This can be helpful if you need to convert your money into Canadian dollars when you start your business there or move there permanently. You won’t have to worry about your money losing value as quickly as it might in other countries (like Greece or Venezuela).
- Canada welcomes immigrants:
- As an immigrant yourself, you know that finding a place where people are friendly and welcoming can be difficult at times. But Canada takes pride in being an open country that welcomes immigrants from all over the world – including many who come here specifically because they want their children to learn French or English!
Business immigration Canada (programs)
The business immigration canada(programs) is a program that allows you to obtain permanent residence in Canada if you are able to meet the eligibility requirements of this program. The Business Immigration Canada (programs) is divided into two categories:
- The Entrepreneur Category
- The Self Employed Worker Category
To qualify for this program, an applicant must:
- be able to prove that they will be financially self-sufficient while living in Canada;
- have a minimum net worth of $300,000 CAD;
- have control over their own funds and investments;
- not expect any financial assistance from the government or any other source while they live in Canada;
The duration of processing an application can vary depending on several factors such as citizenship/residence status, current location and other factors. However it usually takes between 6 months to 12 months for an application for permanent residence in Canada under this category.”
What Business Immigration Programs Are There?
There are several business immigration programs available to Canadian entrepreneurs who wish to start or purchase a business in Canada. Here are some of the most popular options.
Start-up Visa Program
The Start-up Visa program offers permanent residence to foreign entrepreneurs who want to start their own business in Canada.
There is no requirement that you have a pre-existing relationship with a province, but you must meet certain other requirements:
- You must have at least C$200,000 ($168k USD) of your own funds (or C$75k with an investment partner) and show that they will be used for the establishment of your Canadian business.
- You must have enough French language skills so that you can communicate daily without any difficulty on all aspects related to your project and its operation (this includes speaking French at work).
