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Canada is known to the world as an “energy superpower” because of its abundant natural resources. The economy of Canada is highly dominated by its abundance of natural resources and strong service country. The economy of Canada has been growing steadily for years.
Canada proffers tremendous opportunities to foreigners who wish to start a business in Canada. Every year thousands of people migrate to the shores of Canada to start a business. Thebusiness immigration in Canadacame into existence to encourage investment and employment in Canada through the migration of people who can establish or invest in the business in Canada.
Business immigration aims to create new opportunities for Canadians. People who have the skill and experience to grow are widely welcomed in Canada to prosper themselves, also the province they live in. This year, the Government of Canada is welcoming around 91,150 immigrants for PR under federal business.Business Immigration to Canadais designed to encourage and facilitate the welcome of these individuals. This program has various categories:
1. Investor
2. Entrepreneur
- Federal Entrepreneur Program
- Start-up visa
3. Self-employed
- Federal self-employed
4. Business PNP Programs
Why is Canada a great place to invest or start a business?
- Canada is rated as the best country in G-20.
- In the G-20, it possesses the best fiscal prospect.
- Canada is a great place to start your business and thrive in it. Why because? The cost to start a business is quite less; it is a low tax environment.
- Canada proffers a winning environment, a great place for research, development infrastructure, scientific talent, and innovation incentives.
- Canada is well known for its exceptional quality of life. It also provides a great backdrop for the success of individuals, their families, and the globally engaged.
- Canadian Government cheerfully welcomes people who will be a great asset to the country in the name of investors or entrepreneurs.
- It also proffers investor programs for individuals to invest in Canada.
1. Investor Visa for Canada
The Canada investor visa is a program that allows immigrants to gain permanent residence or citizenship in Canada. In return, they have to make qualifying investments in Canada. This program either offers citizenship (golden passport) or permanent resident (golden visa).
The Canada Investor visa program aims to entice individuals with business experience to invest in the Canadian economy to increase employment and foster economic development within particular provinces or territories.
Benefits of Canada Investor Visas
The investors are benefited from the following things in Canada:
- They will get access to a high standard of living.
- They will get access to healthcare and education
- They can settle with their family in Canada.
- They can get access to international opportunities
- They will get favourable investment policies.
- They will also get travel benefits through which they can travel across the world.
- Investor visa for Canada is more like a fast track to citizenship.
Eligibility Requirements for Canada Investor Visa:
- The business immigrant should have a qualifying business in order to get a business visa Canada.
- They should have intermediate knowledge in both French and English with a CLB of 3. They should have a letter of support from the designated institution.
2. Entrepreneur Visa Canada
Entrepreneur visa Canada is mainly for entrepreneurs across the world to establish a business in a particular province. Canada entrepreneur visa will help in the economic development of that province. The entrepreneur program is a good start for entrepreneurs to begin their business and to grow the local economy.
Canadian Government will welcome the entrepreneurs greatly because they feel they can create employment opportunities so that immigrants can contribute to the Canadian economy. If the application is processed, they can open a business in Canada; along with this, they can also gain Permanent Resident status for themselves and also for their family. Nowadays, Canada is accepting applications from the brightest entrepreneurs around the world through entrepreneurship visa Canada.
Canadian Entrepreneur visa attracts experienced entrepreneurs who wish to own or manage a business in Canada. This program aims to grow the Canadian economy while creating jobs for Canadian citizens and PR. Entrepreneurs in Quebec are not eligible to apply for this program. For them, Quebec offers a separate program: Quebec Entrepreneur Program.
Eligibility for Entrepreneurship Visa Canada
Applicants’ intended destination can be anywhere in Canada except Quebec. Applicants must have sufficient business experience. The immigrant should possess prior experience in managing; they should have owned a qualifying business. The family members of the immigrants must be inadmissible for medical or security reasons.
Requirements for the Canada Entrepreneur Visa Program
- The business immigrant has to establish or make a substantial investment in a business within 2 years of their landing in Canada. This will make a consequential result on the economy of Canada.
- They have to engage actively and should take part actively in the business management.
- They should employ at least one Canadian citizen or permanent resident other than their dependents or entrepreneurs.
Start-Up Visa Canada
This program mainly focuses on innovative entrepreneurs. Through this program, they will get a chance to link with the designated Canadian business investors who will help them to begin a start-up business.
Entrepreneurs can grow their business in Canada with funding and expertise from approved Canadian private sector organisations. With the help of these organizations, the entrepreneurs or the investors will receive a start-up visa.
Unlike investor programs, in the entrepreneur program, the immigrant need not require any investment from their capital amount to meet the eligibility criteria. Instead, the entrepreneurs will receive minimum venture capital or angel investment from one or multiple designated organisations.
The best option for immigrants who wish to do business in Canada is through the start-up visa program. The immigrant has to meet certain eligibility criteria to process the application. It is a fast-track permanent residence program for international entrepreneurs or investors. They brought this program into existence to build an innovative business.
Eligibility :
- The immigrant should prove that their business idea has a support of a designated investor organisation.
- They should meet language requirements.
- They should prove that their business meets ownership requirements.
- They should have sufficient settlement funds.
Angel Investors
Angel investors are kind of wealthy individuals who wish to invest their funds into early start-up firms. Besides funding, they will also contribute to the industry and managerial expertise to the entrepreneurs and investors.
Venture Capital
Venture Capital investments are key to support early, middle and late staged business in Canada. It is an important part of the start-up ecosystem.
Business incubators
Business Incubators are who help start-up companies and individual entrepreneurs to develop their business. It is specially designed to help young start-ups to innovate and grow in their business.
Through this program, business incubators provide workspaces, mentorship, education and access to an investor for start-up or sole proprietorship. They also provide a full-scale range of services, starting with management training and office space, ending with venture capital framing and funding.
3. Self-employed
Self-employed refers to any person who earns their living by any means of the independent pursuit of economic activity. Through this program, people immigrate to Canada permanently. The person should hold relevant experience in cultural activities or athletics. They should make a significant contribution to the cultural, artistic, or athletic life of Canada. The self-Employed stream is for people who wish to establish or purchase a business in Canada. It will contribute significantly to the economic, artistic life of Canada.
Requirements for Self-Employed
- They should possess a relevant experience of at least two years in the last five years.
- They should be self-employed in Canada.
- They should meet program eligibility criteria.
- Other than this, they should also meet medical, security, and other conditions to be eligible for this program.
The selection criteria for this program will be based on:
- Education
- Experience,
- Age
- Language Abilities
- Adaptability
4. Canada Business Visa PNP Programs
This program allows the individuals to get nominated for PNP based on some requirements. Mostly all the PNP’s will either have an investor or entrepreneur program in it. Every province in Canada has various net worth of investment and business requirements. Each province has its selection criteria.
Eligibility for Entrepreneurs and Investors
- They should have funds to invest overseas.
- They should have a prior business profile.
- They should have proficiency in English or other local languages in that country.
- They should have a proper business credential and banking history.
- They should maintain proper health and conduct evaluations.
The provinces where PNP is available:
- British Columbia PNP
- Manitoba PNP
- New Brunswick PNP
- Northwest Territories
- Nova Scotia PNP
- Ontario PNP
- Prince Edward PNP
- Quebec PNP
- Saskatchewan PNP
Why Croyez for Canada Business Visa?
- Canada proffers ample business opportunities. It is a great place to realise your potential.
- The Canadian market is thriving largely in foreign business. We will assist you finely in getting Canadian business visa and a Canada investment visa.
- Croyez has guided many people on Canada business visa from India and we will give you professional guidance on the process of your application.
