Business Immigration Canada
Business immigration is a process through which business immigrants migrate to Canada for business purposes. A Business immigrant is a person who visits Canada to invest or to start a business there. These immigrants are expected to support the development of a strong and prosperous Canadian economy.
Benefits of business immigration program :
- If you are planning to set up your business in Canada, then you can easily find a skilled workforce.
- The low taxation system in Canada benefits business persons and investors.
- There are many government banks and financial institutions for providing loans and financial support.
- Canada is a hub for large industries like Aerospace, IT, shipbuilding and many more.
Canada Business immigration programs:
- Start-up visa
- Self-employed persons
Start-up visa program
Start-up visa is a temporary conditional residence permit in Canada. Start-up visa program aims to target immigrants who are skilled and potential entrepreneurs and want to build a business in Canada that is innovative, offer jobs to Canadians or, and internationally competitive.
This program aims to recruit innovative entrepreneurs to the country by linking them with Canadian angel investor groups, venture capital funds or business incubators to facilitate the establishment of their start-up business in Canada.
Self-employed person program
This program aims to select those prospective candidates who wish to work their own in Canada. So, whether its actor, singer, dancer or any other professional who have some experience in athletic or cultural activities can become part of this program.
Eligibility for the start-up visa program:
Canadian government gladly receives hundreds and thousands of foreign entrepreneurs across the globe and supports them with every possible aid, required for setting up business there. So, if you successfully match the enlisted requirements of the Start-up visa program, then being an entrepreneur, you have the opportunity to set up your business there.
Support letter from the designated corporation in Canada:
Before planning the Start-up in Canada, a migrating applicant needs to submit an official ‘letter of support’ from a reputed corporation along with his/her application form. The corporation may be any Canadian venture capital fund provider or Canadian business investor.
- Language proficiency requirements:
An applicant must qualify the minimum level of Canadian language benchmark (CLB) 5 in either English or French to be eligible for the program. It includes four abilities – reading, writing, listening and speaking.
- Business ownership criteria:
Sometimes an immigrant is not able to invest the whole amount alone, required in setting up a business. So, there is an ownership criterion for business in Canada in which a maximum of 5 people can apply for a Start-up visa for the same business if:
- Each individual should share at least 10 per cent voting rights of business; and,
- Minimum per cent for voting rights of business for the designated corporation should be 50 per cent
- Requirements of minimum funds:
At the time of submission of the application under this program, an applicant needs to show Proof of funds. He/she should have enough money to accompany his/her family after getting Canada PR Visa.
- Eligibility for the self-employed person program:
Are you willing to live in Canada and work on your own there?
If yes, then the Self-employed Person Program is a favourable opportunity for you. It allows immigrants to stay and work in Canada permanently. However, each applicant needs to meet the fixed eligibility criteria before applying under this program.
- Relevant experience:
- An applicant must have at least two years of experience in participation in either cultural activities or athletics activities on the international level.
- Or, an applicant must have two years of experience of being self-employed in either cultural or athletic activities.
- Or, an applicant must have one year of experience in each category, mentioned above.
- Selection criteria:
Applications under this program are evaluated on five selection factors including education, age, experience, language proficiency, and adaptability. A candidate needs 35 points only out of 100 points based on afore-mentioned factors.
|Selection criteria||Maximum points|
|You have a Master’s Degree or Ph.D. and at least 17 years of full-time or full-time equivalent study.||25 points|
|You have two or more university degrees at the bachelor’s level and at least 15 years of full-time or full-time equivalent study.||22 points|
|You have a three-year diploma, trade certificate or apprenticeship and at least 15 years of full-time or full-time equivalent study.||22 points|
|You have a university degree of two years or more at the bachelor’s level and at least 14 years of full-time or full-time equivalent study.||20 points|
|You have a two-year diploma, trade certificate or apprenticeship and at least 14 years of full-time or full-time equivalent study.||20 points|
|You have a one-year university degree at the bachelor’s level and at least 13 years of full-time or full-time equivalent study.||15 points|
|You have a one-year diploma, trade certificate or apprenticeship and at least 13 years of full-time or full-time equivalent study.||15 points|
|You have a one-year diploma, trade certificate or apprenticeship and at least 12 years of full-time or full-time equivalent study.||12 points|
|You completed high school.||5 points|
Maximum points of this factor are 25 points.
|Two years of relevant experience||20|
|Three years of relevant experience||25|
|Four years of relevant experience||30|
|Five years of relevant experience||35|
Maximum points of this factor are 10 points.
|16 or under||0|
- Language ability:
Maximum points of this factor are 24 points.
Candidate must be proficient in English and French. A candidate will be given points based on their four linguistic abilities in both the languages.
|Adaptability||Maximum 6 points|
|Spouse’s or common-law partner’s level of education||3–5|
|Secondary school (high school) diploma or less: 0 points|
|A one-year diploma, trade certificate, apprenticeship, or university degree and at least 12 years of full-time or full-time equivalent studies: 3 points|
|A two or three-year diploma, trade certificate, apprenticeship, or university degree and at least 14 years of full-time or full-time equivalent studies: 4 points|
|A master’s degree or PhD and at least 17 years of full-time or full-time equivalent studies: 5 points|
|Previous work in Canada||5|
|You or your accompanying spouse or common-law partners have completed a minimum of one year of full-time work in Canada on a valid work permit.|
|A previous study in Canada||5|
|You or your accompanying spouse or common-law partners have completed a program of full-time study of at least two years’ duration at a post-secondary institution in Canada. You must have done this after you were 17 years old and with a valid study permit.|
|There is no need to have obtained a degree or diploma for these two years of study to earn these points.|
|Relatives in Canada||5|
|You, or your accompanying spouse or common-law partner, have a relative (parent, grandparent, child, grandchild, child of a parent, sibling, child of a grandparent, aunt or uncle, or grandchild of a parent, niece or nephew) who is residing in Canada and is a Canadian citizen or permanent resident.|
- Requirements for medical, security checks and proof of funds:
An applicant needs to submit his/her health and police clearance certificates to the governing authorities along with the complete application form. Additionally, he/she needs to show proof of funds to prove that he/she is able to support him/her and his/her dependents in Canada after immigration.
Estimated fee for the Business Immigration program:
|For primary applicant||Estimated fee (in $CAN)|
|Business immigration fee (non-refundable) +
Permanent resident fees
|For a spouse or common-law partner|
|Application fee +
Permanent resident fee
|Dependent child||150 per child|
If an applicant and his family need to give biometric, then biometric fees is enlisted below:
|Biometric per person||$ CAN 85|
|Biometric of the family (2 or more)||$ CAN 170|
Processing time for business immigration program :
In general, an application under the business immigration program is processed approximately within 12 to 16 months. The processing time of applications may vary due to different visa offices.
How to apply for the business immigration program?
Fill out the online application form and submit it along with relevant documents. In case of any query and confusion, feel free to contact countrywide visas.
Countrywide visas is a fastest growing Immigration consultancy with a large devoted team of Immigration experts providing, its clients a hassle-free, professional services to file their applications for various immigration programs. You are welcome to call us or send us an email with your immigration questions and inquiries. You may contact us on 011-41075840 / 011-41045840 or leave a mail at firstname.lastname@example.org.You may also fill theTechnical Assessment Form for free to get a call back from our Immigration Specialists. All you need to do is fill an assessment form and let our immigration experts assist you over the phone call or by meeting you in person and give you the best available options to fulfill your dreams of settling abroad.