As a business-person, you can find your way to permanent residence in Canada through a variety of immigration programs designed for foreign nationals who would like to start a new or take over an existing business in Canada. Ravneet Kaur Brar – IMB Immigration Law
Most of these immigration programs are provincial nominee programs (PNPs) offered by various Canadian provinces. Except for the immigration programs by the provincial governments, Canada’s federal government also offers an immigration pathway to business-persons through the Start-up visa program. Eligibility Requirements There are certain eligibility requirements that a candidate must meet to be considered for immigration to Canada as an business person. All these programs have their distinct eligibility criteria, however, with common elements. Few of those are:
Start-Up Visa Program Earlier, Canada’s federal government had a few business immigration programs, all of which have been discontinued except for the Start-up visa program. The program requires an applicant to have business idea for a qualifying business. The program requires a candidate to meet the minimum language and settlement funds benchmark. One unique requirement of this program is – you will need to secure a letter of support from a designated organisation. This is a great program for those who have an innovative business idea. Provincial Nominee Programs (PNPs) If the Start-up Visa program is not suitable for you, you can take the provincial nominee programs route. All Canadian provinces and territories have a provision of supporting permanent residence application of those foreign entrepreneurs who want to set up a new or buy an existing business in the province/ territory. Every PNP stream for entrepreneurs has its unique eligibility criteria that usually varies according to the economic needs of the province. For example – provincial governments allow investment in businesses based on the how well it can further the province’s economic interests. This means you will need to have prior information about the businesses a particular province is targeting before you decide to start your PNP application. An important condition in the PNP pathway is – you must live in the province concerned and operate an eligible business there. Application Process Apart from meeting the net worth and personal investment requirements, you must also have a business plan that can convince the authorities concerned that you will be a good pick. For this purpose, you must submit a detailed business plan. You are allowed to undertake exploratory visits to Canada (mandatory under a few programs) to find suitable business opportunities. During this course, you can even secure a temporary work permit that can later help you become a permanent resident of Canada, conditional upon you meeting the eligibility requirements. Contact Ravneet Kaur Brar – IMB Immigration Law at [email protected] to get more information about Business Immigration Programs To Canada and start your application process today. IMB Immigration Law | Ravneet Kaur Brar View all posts by IMB Immigration Law | Ravneet Kaur Brar
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AuthorIMB Immigration Law head Ravneet Kaur Brar is an Immigration Law professional with over fifteen years of rich experience behind her. She is an attorney-at-law (California State Bar) in the United States and a member of American Immigration Lawyers Association. She is also a Canadian Barrister & Solicitor (Ontario Bar) and a member of the Law Society of Ontario. Ravneet is an advocate and member of Punjab and Haryana bar Council in India. She has extensive experience working in immigration law in Canada and the United States. She is also on the attorney list of the United States Embassy in India. ArchivesCategories |